What Is Private Banking. Private banking is a type of monetary service that provides highly personalized attention to a select list of clients. Private banking is a type of banking and financial service provided by banks to high net worth individuals who have enormous amounts of assets.
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It is not a product but a process, a program, a Concept. What is meant by Swiss private banking? Example: ICICI, Axis bank, The Lakshmi Vilas Bank Ltd. etc.
When you have enough money, banks open up their private services to you to help you protect your wealth.
Private banking involves providing banking, investment, tax management, Accounting For Income TaxesIncome taxes and its accounting is a key area of corporate finance.
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Switzerland is the global center of private banking and a country many investors go to in search of diversification. The sophisticated global advice services are tailored to the needs and requirements of High Net Worth Individuals (HNWI). The Private Banking Concept is a powerful way of thinking about and utilizing your money.