AT YOUR ROYAL MAJESTY'S SERVICE: PRIVATE BANKING COMES OF AGE IN INDIA (private banking to offer wealth management services along with all the banking products).

(From India Business Insight)

In India high net worth individuals (HNWIs) invest in traditional financial instruments, property and gold and believe in taking advice or consulting their chartered accountants and friends on investing their wealth.

International markets offer structured products, portfolio management services and hedge fund options, and these opportunities are unavailable for the present in India. Private banking is relatively new in the country but has made a head start. A majority of the private bank's customers belong to the self-employed category like doctors and other professionals. These are wealth creators as different from wealth …