AU Small Finance Bank addresses the discerning needs of premium customers with an unparalleled banking & lifestyle benefit program
Entrepreneurs, innovators and start-ups are driving India’s growth story across urban and rural geographies, and what is more pronounced than ever is that today’s affluent Indian is willing to indulge in luxury. Be it a high-priced holiday, gastronomical extravaganzas, or sprawling residences and farmhouses, they are ready to splurge like never before. A Bain & Company report shows how the luxury segment in India is slated to expand by 3.5x its current size, to touch $200 Bn by 2030, fueled by a growing demographic of UHNWIs with net assets of $30 Mn or more. As per Credit Suisse, the number of India’s millionaires is slated to grow by 105%, just about doubling from 7.9 lakh to 16.3 lakh by 2026.