India’s foreign private banks fight for local talent

Citywire Asia | May 18, 2023

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.

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