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Private Banking: Consists of Personalized Financial Services and Products Offered To The (HNWI) Clients of A Retail Bank

Private banking offers personalized financial services and products to high-net-worth individuals. These services include banking, investment management, insurance, lending, and financial planning. Financial products available range from savings and checking accounts to personal loans and mortgages.

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Mohit Kumar
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11 views1 page

Private Banking: Consists of Personalized Financial Services and Products Offered To The (HNWI) Clients of A Retail Bank

Private banking offers personalized financial services and products to high-net-worth individuals. These services include banking, investment management, insurance, lending, and financial planning. Financial products available range from savings and checking accounts to personal loans and mortgages.

Uploaded by

Mohit Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Private banking consists of personalized nancial services

and products offered to the high-net-worth individual (HNWI)


clients of a retail bank.

Financial services refer to the various activities and products


provided by organizations to help individuals and businesses
manage their money. These services can include
banking (Accounts, loans.),
investment management (Professionals grow wealth through
stocks, bonds, and mutual funds.),
insurance (Protects against losses like medical expenses (health
insurance), death (life insurance), property damage (property
insurance).),
lending (Provides funds with interest through personal, business,
and mortgage loans.),
and nancial planning (This can involve budgeting (how you'll spend
and save your money), saving for retirement, planning for education
expenses, and managing debt (This includes making payments on
time, minimizing interest charges, and creating a plan to pay off
debt ef ciently.).).

Financial Products : Savings Account, Checking Account,


Certi cate of Deposit (CD), Personal Loans, Mortgages, Credit
Cards,
Home Equity Loans (A home equity loan is a type of loan where
you borrow money against the value of your home. It allows you to
use the equity you've built up in your home as collateral to get a
lump sum of cash.),
fi
fi
fi
fi

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