Axis to hire 50 pvt bankers to target India wealth boom

AXIS BANK IS adding 50 private bankers and plans to launch several funds in the GIFT City, as part of a strategy to tap into the explosive growth of the country's wealthy population.

- ADVAIT PALEPU

"We have now expanded to 52 cities from 30 last year to tap the growing wealth in tier 2 cities and beyond," said Arnika Dixit, who heads wealth management and the affluent banking unit at the third-largest private bank.