Axis Bank MD and CEO Amitabh Chaudhry said there has been a 24% increase in the number of high net-worth individuals who report an income of more than Rs 5 crore.

Axis Bank had in 2014 started Burgundy, their wealth management arm for high net worth individuals.

Axis Bank on Monday launched Burgundy Private, a platform that would cater to high net worth and ultra-high net worth individuals. The platform would offer services like portfolio management, tax advisory, estate planning and real estate advisory.

Axis Bank MD and CEO Amitabh Chaudhry said there has been a 24% increase in the ...