Digital Platforms And Stock Market Growth Fuel India’s Wealth Management Industry: Deloitte Report

Commenting on the report findings, Vijay Mani, partner, banking and capital markets leader, Deloitte India, said: “Rising affluence and shifting preferences of relevant customer segments are likely to drive unprecedented growth in India’s wealth management industry. At the same time, it is a competitive landscape marked by a diverse set of providers. Success in terms of growth and profitability will require a different approach from the past, i.e., there is a need for a sharper understanding of the customer, better tailoring of products for varying segments, hybrid operating models that blend technology powerfully with Relationship Manager (RM) talent and a keen eye on regulatory compliance.”

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