Business Studies · Financial Management
Assertion (A): The strategic importance of wealth management for a retail bank has shifted from being a niche service for the ultra wealthy to a core competency required to defend the bank's liability base and grow its non-interest fee income. Reasoning (R): With the increasing financialization of savings in India and the rise of fintech competitors, traditional banks must offer sophisticated wealth advisory to prevent their high-value depositors from migrating their capital to external brokerage firms and digital asset management platforms that offer better returns and personalized experiences.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Assertion (A) and Reasoning (R) are incorrect.
- 2Assertion (A) is correct but Reasoning (R) is incorrect.
- 3Both Assertion (A) and Reasoning (R) are correct but Reasoning (R) is not the correct explanation of Assertion (A).
- 4Both Assertion (A) and Reasoning (R) are correct and Reasoning (R) is the correct explanation of Assertion (A).✓
Correct answer
Both Assertion (A) and Reasoning (R) are correct and Reasoning (R) is the correct explanation of Assertion (A).
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