The conservative State Bank of India is bullish on the port city and invested in an exclusive branch for the high-net-worth individuals (HNIs) endorsing the city’s rapid growth and its increasing status as a major industrial and business centre.

The PSU bank opened its Kohinoor branch, an exclusive premium banking centre for the HNIs equipped with the state-of-the-art technologies and providing all banking facilities to cater to the elite customers.

“There are a number of high net-worth individuals and NRIs in this place and this made us open the Kohinoor branch here,” said Chief General Manager of SBI (Hyderabad) Rakesh Sharma after inaugurating the Kohinoor Visakha branch at the Ocean View layout on the Beach Road here on Wednesday.

The bank has already accounts of 14 customers for the exclusive branch and is confident of building up a large list of clients. This is the second Kohinoor branch of the SBI in Andhra Pradesh, the first being Kohinoor Banjara in Hyderabad.

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