Mumbai, Nov 3 (PTI) To cash in on its huge branch network and client base, State Bank of India is all set to start wealth management business and financial planning services.

"We are currently running this service on a pilot basis and roll out through select branches across important cities and town would be done soon," a senior official told PTI.

The business would mean additional fee income for the bank, the official said, adding that SBI has started talent hunt for the specialised service.

The bank has about 12,000 branches across the country and has over 14 crore account holders spread across length and breadth of the country.

It would be targeting middle income group as many large players are already present to provide services to high networth individual, the official added.