CITIGROUP - INDIAN CONSUMER BANKING
Citigroup - Indian Consumer Banking provides credit cards, retail banking, wealth management, and consumer loans services.
CITIGROUP - INDIAN CONSUMER BANKING
Industry:
Banking Consumer Lending Financial Services Wealth Management
Address:
Mumbai, Maharashtra, India
Country:
India
Status:
Active
Contact:
+91 7551011540
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Apr 16, 2021 While Citigroup did expand in India in the early 2,000s, the banking entity’s India business suffered in the aftermath of the 2008 global financial …See details»
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Citibank India - Wikipedia
In 2022, Axis Bank announced the acquisition of Citibank India's consumer banking business for ₹12,325 crore ($1.6 billion). [16] [17] [18] The acquisition was completed in March 2023 at a lower price of ₹11,603 crore ($1.41 billion) …See details»
Citigroup's Retail Exit: Explained | marketfeed
On April 15, 2021, US-based Citigroup announced plans to shut its retail banking business— including credit cards, savings bank accounts, and personal loans— in India. The company has also decided to exit consumer banking operations …See details»
Citibank: Why One Of The World's Largest And Most …
Apr 16, 2021 Many of their initiatives changed the Indian banking ecosystem.” While Citi began operations in India in 1902, the company forayed into consumer banking in 1985 and built up a portfolio of ...See details»
Citigroup's Exit of Consumer Business in India - ICMR India
Citi’s Entry into India. Citi started retail operations in India in 1985 and was among the pioneers of credit cards. It launched cash management services in 1986, the first to do so in the corporate …See details»
Citibank India finally shutters consumer banking …
Mar 1, 2023 Despite setting roots in India in 1902, Citigroup sold its Indian consumer business arm to domestic lender Axis Bank.In the country’s rapidly transforming economic and banking landscape ...See details»
Axis Bank Completes Acquisition Of Citi India's …
Mar 1, 2023 P rivate sector lender Axis Bank on Wednesday said it has completed the deal to acquire Citibank India’s consumer banking business for Rs 11,603 crore (approximately $1.4 billion), marginally ...See details»
Citigroup's Exit from India: Restructuring or Failure to Scale Up?
The case, set in 2021, discusses the exit of leading global bank Citigroup from its consumer business in India. Citi’s plan to exit the consumer banking business, which it started way back …See details»
Citi Sells its Consumer Banking Business in India - GlobalData
On March 20, 2022, Axis Bank entered into an agreement with Citibank to acquire Citibank’s consumer businesses, which cover credit cards, loans, retail banking, and wealth …See details»
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Citibank branches in 28 cities, it is the preferred banker to 45,000 small and mid-sized companies. Citi helped lay the foundation of the Indian software industry by establishing Citicorp Overseas …See details»
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Jul 26, 2022 In India, Citi is a licensed scheduled commercial bank and offers a full range of consumer and institutional banking products and services. Citicorp is a public company whose …See details»
Citi appoints Prashant Thakker head of corporate bank for South …
7 hours ago Citigroup has appointed Prashant Thakker head of the corporate bank for South- and Southeast Asia, according to an internal memo. The appointment as head of Asia South …See details»
Axis Bank completes acquisition of Citi's India consumer business …
Mar 1, 2023 Private sector lender Axis Bank on Wednesday announced that it has completed acquisition of Citibank's consumer business and non-banking financial company (NBFC) …See details»
Citi appoints Thakker head of corporate bank for South and …
7 hours ago Thakker, who joined Citi in 2007 as a banker in India and moved to Hong Kong in 2013, currently heads Citi's Capital Management for Japan, Asia North and Australia and Asia …See details»
Citi Announces Agreement to Sell Its Consumer Businesses in India …
Mumbai – Citi today announced that it has reached an agreement with Axis Bank Limited (Axis) for the sale of Citi's consumer businesses in India. Axis was selected by Citi following an …See details»
‘Every global company has a board-level attention on India’
Jul 26, 2024 Even after the sale of its consumer banking business to Axis Bank, Citi is still the largest foreign bank by revenue in India. In an interview, Citi CEO Ashu Khullar tells Sachin …See details»
Citi Appoints Thakker Head of Corporate Bank for South and …
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An Introduction to Citigroup. The genesis of Citigroup Inc. (Citi), a globally diversified financial services holding company, dated back to the early 19th century. In 1811, the US Congress …See details»