MUMBAI - With a limited pool of seasoned private bankers to tap India’s booming wealth, one upstart is bucking the trend by planning to hire dozens of new graduates.

Dezerv, a digital wealth venture, says it’s recruiting people straight out of college who it can train up with artificial intelligence (AI), showing how the technology’s boom is reaching into a business long dominated by personal relationships with the ultra-rich. Elsewhere, a wider talent war is also pushing relationship manager pay to record highs.