NRI Real Estate and Property Investment in India
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Private Banks to tap NRI market
Saturday, September 20, 2008

Private bankers are eyeing the increasing wealth of non-resident Indians (NRIs) whose businesses are usually closely tied to the booming Indian economy. Some banks, such as Barclays Wealth, are looking to expand their team of relationship managers working on this segment as they expect the NRI slice of their private banking pie to grow quickly.

The growth in the assets under management in the NRI segment has been rapid, with SG Private Banking projecting a steady growth of 35-40% in Asia. Barclays Wealth is making sure that its team consists of bankers who are familiar with specific geographies and languages to better tap the different markets. Both SG Private Banking and Barclays Wealth have designated Singapore as a hub for their NRI business.

 

 

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