Citibank India

Axis Bank completes acquisition of Citibank India's consumer business

This deal will have a 177 basis points bearing on Axis Bank's CET1 capital ratio

Citi names Aditya Bagree markets head for India, South Asia cluster

Bagree will report to Citi India's CEO Ashu Khullar and Citi's Asia Pacific head of markets, Julia Raiskin

Citi deal may be complete in May: Axis Bank MD & CEO Amitabh Chaudhry

In March 2022, Axis Bank said it would purchase Citi's retail business in a transaction worth Rs 12,235 crore

Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe

India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore

We're doubling down investment in institutional biz: Citi Asia-Pacific CEO

In this exclusive interview with Tamal Bandyopadhyay, Citi Asia Pacific CEO Peter Babej explains why his bank has chosen to sell its retail business in India and what it plans for the future

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.

Citibank customers to continue availing privileges and offers: Axis Bank MD

If the customers agree to Axis managing their business, their accounts, credit cards and other business will change over, else the relationship will terminate and they can exit with their deposits

Axis Bank set to buy Citigroup's India retail unit for $2.5 bn: Report

The Indian lender emerged as the buyer after beating out rivals, with factors such as job security for current Citigroup employees and competition.

Looking back: 10 developments that shaped the financial sector in 2021

From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021

Why Citibank is selling its consumer business in India

It's a strategic decision by Citigroup's new CEO, not a reflection on its India operations. Regulators' displeasure and investors' ire are behind it

Citigroup's retreat highlights global banks' struggle in China, India

Increased rivalry from domestic lenders, especially in consumer financing, and competition for top talent contribute to challenges.

Citi's exit from retail banking an opportunity for Indian banks: Analysts

Among its various business verticals, analysts say Citi's credit card business will be most sought after by suitors

US banking major Citibank to exit consumer banking business in India

This is part of the bank's global strategy

Citi India elevates Arjun Chowdhry as head of its consumer banking biz

Chowdhry will manage the domestic retail banking, wealth management, credit cards, loans and mortgages

Theft-proof ideas? Citi takes plagiarism test in spat with Matheno Films

A filmmaker has accused Citi India of 'picking up' his idea for their advertisement. But the production house has denied this vehemently and threatened legal action

From Blackstone to GIC, a dozen firms line up for Citibank's BKC property

The final bidder is expected to be announced by next week, the source added. Two international property consultancies, CBRE and JLL, are handling the process

Ashu Khullar to succeed Pramit Jhaveri as Citibank India head from April 1

Khullar, a graduate from the Indian Institute of Management, Ahmedabad, is a career Citibanker, having worked with the organisation since 1988

RBI imposes Rs 3-crore penalty on Citibank India

The US-based Citibank has been operating in India for over 115 years

India benefitting from weakness in emerging markets, says Citibank

Most investors remain worried over absolute returns, owing to rising interest rates, crude oil prices and upcoming elections, Says Citibank

Citibank India reports a 6% drop in net profit to Rs 34 billion

Among the key metrics, the bank's net NPAs remained unchanged at 0.5 per cent of the net advances as on March 31, 2018