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Centurion Bank launches service for HNIs in Mumbai

Plans to launch the service in 16 Tier-I cities by the next financial year

FOR THE ELITE: Shailendra Bhandari (right), Managing Director and CEO, Centurion Bank of Punjab, with Anil Jaggia, COO, addressing a press conference in Mumbai on Saturday. — PHOTO: PAUL NORONHA

MUMBAI: Centurion Bank of Punjab (CBOP) on Saturday launched a priority banking service in Mumbai, which is fast catching up with an increase in the number of high net worth individuals (HNIs).

Called as `Centurion Elite', the launch follows positive response for the bank's similar service in Bangalore, Chandigarh, Delhi, Jaipur, Kolkata and Chennai in the last six months.

"The HNIs joining Centurion Elite service got to have a minimum deposit of Rs. 10 lakh but they can start by opening a savings account with a minimum of Rs. 1 lakh," Centurion Bank of Punjab's Managing Director and CEO, Shailendra Bhandari, said after the launch.

The service will include one point access to investment and broking services, home banking and expert advice on all financial needs.

"We plan to take the service to HNIs in 16 Tier-I cities, probably by the next financial year," CBOP's Marketing Director, Yateesh Srivastava, said. — PTI

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