India’s wealth boom sparks M&A frenzy as banks chase affluent clients
MINT·2026-01-22 11:31

MUMBAI: India’s wealth management industry is scrambling to scale as a growing pool of household financial wealth remains underserved. Of the at least 1.1trillionheldbythecountrystophouseholds,definedasthosewithannualincomesof1.1 trillion held by the country’s top households, defined as those with annual incomes of 25,000 or more, at the end of FY24, only about 0.7trillionwasaddressedbyregisteredwealthmanagers,accordingtoa2025Deloittereport.Thisleavesanestimated0.7 trillion was addressed by registered wealth managers, according to a 2025 Deloitte report. This leaves an estimated 0.4 trillion in unmet demand. This pool of household wealth is being serviced by a limited univers ...

India’s wealth boom sparks M&A frenzy as banks chase affluent clients - Reportify