State-run Union Bank of India is scouting for partners for its wealth management business, which it plans to launch in FY12, a senior official told Reuters on Thursday.
"We are proposing to enter into the area of wealth management. We are exploring the possibility of finding a partner who has the domain knowledge in the area of wealth management," SC Kalia, executive director, said over the telephone. The lender already has joint ventures each for asset management and insurance businesses.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
