Citibank India finally shutters consumer banking window in India, hands over keys to Axis; here’s why it quit CEO Jane Fraser said that the group lacks the scale to compete with the domestic lenders in India, even though… March 1, 2023 12:43 IST
Adani touts deep global bank ties; Here are the banks Adani has backing from Some of the biggest names in banking are listed as backers of the Indian billionaire Gautam Adani, who’s also Asia’s… January 30, 2023 11:41 IST
SC dismisses finmin plea against Citi, Standard Chartered Bank  The banks had accepted huge foreign currency deposits in the absence of NRE account holder in 1993, which, as per… August 25, 2022 07:56 IST
Stocks to buy: Bharti Airtel, Axis Bank among shares to invest in August, analysts see 28% upside Analysts at Yes Securities have picked 4 stocks that they believe are well placed for helping investors pocket strong returns. Updated: August 9, 2022 11:52 IST
Customer, employee retention key to success of Axis-Citi deal, say analysts Axis Bank’s management has said that the transaction with Citi incorporates appropriate clawback arrangements. The bank has factored in a… April 1, 2022 01:00 IST
Data Drive: Axis Bank-Citibank deal — An ace in the card game? Citi India has the highest spend per credit card, which will help Axis Bank garner a higher fee income. April 1, 2022 00:13 IST
Axis Bank shares jump nearly 2 per cent after Citi deal At the NSE, it gained 1.67 per cent to Rs 763.Axis Bank on Wednesday said it will acquire US-based Citi’s… March 31, 2022 11:45 IST
Axis Bank shares up 2% as it taps HNI customers with Citi’s retail biz deal; brokerages see upto 40% upside Analysts are bullish on Axis’s stock and said the deal provides the lender an instant access to affluent customer segments.… March 31, 2022 11:45 IST
Deal to strengthen lender’s position in credit cards business After growing organically, Axis Bank has acquired the consumer business of Citibank. The senior management of Axis Bank broke the… March 31, 2022 09:02 IST
Axis Bank snaps up Citi’s consumer biz for $1.6 billion; deal may be closer in 9-12 months The deal, which will give Axis Bank access to three million new customers, is likely to be closed over the… March 31, 2022 03:40 IST
Citibank to sell retail business to Axis Bank in $1.6 bln cash deal; no immediate impact on Citi’s customers Citi said the deal includes its NBFC’s consumer business, comprising commercial vehicle and construction equipment loans, as well as the… Updated: March 30, 2022 16:38 IST
Axis Bank set to announce Citi cards biz acquisition today The deal was earlier understood to be worth around $2 billion, but the final value could be lower, sources close… Updated: March 30, 2022 10:59 IST
Axis Bank says no decision yet on buying Citi’s India retail business Axis Bank is understood to be the frontrunner to take over the US lender’s retail business in India. March 8, 2022 01:45 IST
Axis Bank-Citi deal for cards business may come this week Citi has been consistently losing credit card customers since the global bank expressed its intention to exit the retail business. March 1, 2022 04:00 IST
Global finance majors rush with Covid aid; Citi to donate Rs 200 crore, Wells Fargo Rs 22 crore Other financiers which offered support included Citi’s peer from the US Wells Fargo (USD 3 million), Swiss bank UBS (USD… May 5, 2021 19:25 IST
Citibank to exit consumer banking biz in India, to focus on institutional segment On Thursday, the bank announced exiting from the consumer banking businesses in 13 countries, with its global CEO Jane Fraser… Updated: April 15, 2021 21:18 IST
Citibank platform for ‘financially progressive’ The banking platform called ‘Citi Priority’ is designed for customers that have a relationship value of Rs 15 lakh with… Updated: September 24, 2015 00:45 IST
SC dismisses plea to levy service tax on Citibank for IPL sponsorship The Supreme Court on Tuesday dismissed a petition filed by the service tax department seeking to levy tax to the… January 28, 2015 03:55 IST
Robbers loot cash van of over Rs 1 cr in broad daylight, kill security guard at Citibank ATM in Delhi In a daring daylight heist, two unidentified armed assailants looted a cash van of around Rs 1.5 crore… Updated: November 29, 2014 19:12 IST
Amex, PayPal funded Ezetap targets small towns, villages with mobile PoS solutions Global banking giant Citibank has approved Ezetap’s service as the first mobile Point of Sale (mPoS) service globally. November 17, 2014 15:39 IST
Burj Khalifa developer makes entry in Kashmir infra space: All you need to know about Mall of Srinagar project
6 Photos Strong quake of 6.8 magnitude shakes Ecuador, northern Peru – See Photos 1 day agoMarch 19, 2023
7 Photos President Murmu visits Indigenous Aircraft Carrier INS Vikrant, interacts with sailors; See Photos 3 days agoMarch 17, 2023
