Mumbai: HDFC Bank has been adjudged Best Private Bank in India at the Global Private Banking Awards 2021, organised by Professional Wealth Management (PWM).
In its editorial, PWM says: “With clients demanding expertise in areas such as ESG, alternatives and technology, PWM’s awards celebrate success for those banks which stay one step ahead.”
HDFC Bank Private Banking provides customers with a product suite across all asset classes for “optimal asset allocation” depending on clients’ risk profiles and goals. The bank has been on a drive to increase market share through geographic expansion by employing more relationship managers and adding new products and services, says Rakesh Singh, group head, investment and private banking, marketing and retail liability products, at HDFC Bank.
“Open architecture, optimal asset allocation and regular portfolio rebalancing with markets will drive our future growth,” he says. “We are on a journey to digitalise as many processes as possible. The account opening process is now digital. Client reports are completely digitalised now and will be available to clients at the click of a button by Q4 of the financial year 2022. Our endeavour is to have a completely digital journey for all our wealth customers, from Q4 onwards,” adds Mr Singh.
For the Global Private Banking Awards 2021, PWM received over 120 submissions which were reviewed by a panel of 16 judged from four continents.
