Axis Bank expands wealth management services to 15 new cities

Art Timez, September 2024 : Burgundy Private, the private banking business unit of Axis Bank, plans to expand wealth management services across the country. The company said in a statement that the services which are currently running in 27 locations are expanding to 15 more cities. ‘Burgundy’ has made these services available with the aim of providing financial services in accordance with the needs of tier-2 city markets. The newly launched cities include Bhubaneswar, Patna, Raipur, Agra, Ghaziabad, Jodhpur, Udaipur, Jalandhar, Meerut, Belgaum, Kozhikode, Thiruvananthapuram, Aurangabad, Nagpur, and Gandhidham. Commenting on the expansion, Arjun Chowdhry, Group Executive- Affluent Banking, NRI, Cards/ Payments & Retail Lending, Axis Bank, said, “At Axis Bank, we are committed to delivering world-class wealth management solutions to a growing and discerning set of clients. We recognise the tremendous growth potential in Tier 2 cities and are eager to be a pivotal player in these evolving markets. Our deep understanding of these markets and their financial, cultural, and social nuances allows us to devise bespoke wealth creation and preservation strategies that empower our clients to achieve their goals and financial aspirations.”