Citi

Citi launches its branch in GIFT IFSC; to offer financing solutions

The branch will offer external commercial borrowings and trade loans, addressing foreign currency funding requirements of multinationals, large local corporates and financial institutions

In a first, 13 Citi-Axis branches to co-locate till merger transition

Clear signage to represent each banks' space; Citi to retain 14 branches

Citi appoints Bhanu Vohra as head for commercial banking in India

Unit addresses financial services requirements of emerging large corporates and mid-market enterprises

Broking houses cut target price for RIL after disappointing Q1 show

Steepest cuts from Citi and Morgan Stanley; stock sheds 3.33% to end at Rs 2,420

Windfall tax: Relief for product exports, not for upstream crude, says Citi

Petrol and diesel prices are down by $40-50 per barrel from month-ago levels

Citigroup shares surge over 10% on profit beat, core business strength

The bank's profit fell to $4.5 billion, or $2.19 a share, in the quarter ended June 30, from $6.2 billion, or $2.85 a share, a year earlier

Citi credit card business losing steam in India, shows data

In a span of almost four years, Citibank has lost 600-basis points (bps) in spends market share.

Citi deal can perk up Axis Bank's prospects, but there are challenges too

Cheaper-than-expected valuation for the above-average customer franchise is positive; extracting synergies, smooth integration among key challenges

Axis Bank acquires Citi's India consumer business in a Rs 12,325-cr deal

Acquisition of 3 million unique customers of Citibank India to enhance Axis Bank's presence in the key identified growth segments, the Mumbai-headquartered lender said

Citigroup Inc plans 900 hires for commercial banking unit over three years

Citigroup Inc's commercial banking unit will hire 900 staff over the next three years, a large part of which will be for the U.S. bank's Asia Pacific business

DBS to buy Citi's Taiwan retail business, take over 3,500 staff

DBS, Southeast Asia's biggest lender, said it will take over 3,500 staff in Citi's Taiwanese business

Emerging markets face a 'double whammy' in 2022, Citi says

Emerging markets will face a "double whammy" in 2022, caught between limited growth and reduced risk appetite as a result of monetary tightening, Citi said

Rajeev Mantri named chief financial officer of Citi India

He will report to Ashu Khullar, CEO, Citi India and Tim Monger, Asia Pacific CFO, Citi.

Hope to get buyer for consumer biz by Q4: Citi India CEO Ashu Khullar

Despite being a foreign bank, we move 7-10 per cent of the Indian payment systems, says CEO Khullar

See limited upside for global markets, including India: Abhinav Khanna

Our Nifty target for December is 14,800, implying a marginal upside from current levels, says Khanna

IndiGo's runaway rally worries analysts; Citi downgrades stock to 'sell'

In the past six months, IndiGo has outperformed the Sensex index and has rallied 78.4 per cent on the BSE till Wednesday. In comparison, the S&P BSE Sensex is up 42.8 per cent, BSE data show

Citi Group receives domestic fund custody licence from Chinese regulator

A Citigroup China unit has received a domestic fund custody licence from China Securities Regulatory Commission, the bank said, latest foreign financial firm to expand its presence in mainland China

LIC IPO: Govt screens 11 companies for role of transaction advisor

Presentations made on video conference to government; IPO pegged at Rs 1 trillion by some

Citi lists Netflix, Tesla as potential takeover targets for Apple

Apple recently boosted its capital return program by $50 billion

Citi profit beats estimates as fixed-income trading jumps

US banks have been benefiting from a jump in markets-related revenue following the rate hikes