India’s foreign private banks fight for local talent

Acuity Knowledge Partners’ Associate Director, Investment Research, Priya Vaidyanathan speaks with Citywire Asia on how international private banks are expanding their presence in India, especially in tier 2 and smaller cities, challenging the local banks with fierce competition.

‘Most large domestic banks and financial services firm have established their reach in Tier 1 and Tier 2 cities so setting up or expanding their wealth management branches to smaller cities has been highly cost-efficient’, she explains.