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Citigroup CEO Jane Fraser declares ‘this is not a credit crisis’ after US bank failures

“The banking system is pretty sound,” and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington…

Updated: March 23, 2023 10:03 IST

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

Citigroup sets India as high priority market amid China risks

The New York-based lender expects initial public offerings in India to pick up next year as well as inbound deals…

Updated: September 23, 2022 14:47 IST

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Paytm share price tanks 45% so far in 2022, but Citi remains bullish on fintech stock, sees this much upside

Paytm share price has tanked 45% so far in 2022, underperforming benchmark Nifty 50 which has advanced 1% YTD. Despite…

September 14, 2022 12:14 IST

economy, GDP, growth rate, forecast, RBI, monetary policy, Citigroup, Moody's, Goldman Sachs, domestic demand, inflation

Goldman Sachs, Citigroup, Moody’s slash India growth outlook as Q1 GDP data showed slow growth

India’s economy grew 13.5 per cent in the April-June period from a year ago, the fastest pace in a year,…

September 1, 2022 17:17 IST

Other bankers, who will make presentations via videoconferencing to the department of investment and public asset management (Dipam) before the opening of their financial bids on Friday, are --HDFC Bank, IIFL Securities and Axis Capital, according to official notification.

SBI Caps, Citi Group among six bankers in race to manage HZL stake sale

Bankers to make presentations to Dipam on Friday

August 12, 2022 02:30 IST

Growth of 10% would be "200 basis points" higher than annual growth seen in the last few years and faster than several other countries in which the bank has a presence, he said.

Citi expects revenue from India corporate business to grow 10% a year

If business momentum keeps pace, the lender may look at increasing headcount further in another 12-18 months’ time, he added.

July 21, 2022 17:26 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

Axis Bank, Citigroup, credit cards business

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

US large-cap stocks expensive; opportunities galore in mid, small-cap shares playing catch-up

Expensive valuation of large-cap stocks on Wall Street does not mean opportunities have run dry. Analysts at global investment bank…

Updated: January 5, 2021 14:17 IST

Time to buy large-cap US bank stocks? Vaccination, loan growth, other factors to aid growth

As the path of economic recovery increasingly looks clearer, analysts are finding buying opportunity in banking shares across the globe.

December 31, 2020 10:13 IST

Citi Group, Commodities Futures Trading Commission, Banking sector, companies

Citigroup to pay $425 mn over attempted forex, rate manipulation

Citigroup Inc has agreed to pay $425 million to resolve civil charges that it tried to manipulate foreign exchange and…

May 26, 2016 02:23 IST

China’s economic planning body invites Citigroup to discuss foreign debt risks

The National Development and Reform Commission (NDRC), China’s top economic planning agency, recently invited Citigroup Inc for an exchange of…

May 25, 2016 17:10 IST

Investor sentiment improving, catalysts needed for fresh flows, says Citigroup

Investor sentiment towards the Indian economy is improving but markets are now looking at the passage of key reform bills…

May 23, 2016 14:04 IST

India’s GDP growth likely to be 7.7% this fiscal: Citigroup

Gradual fiscal recovery is likely to push the GDP growth numbers of the country to 7.7 per cent in this…

April 18, 2016 15:58 IST

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RBI monetary policy review on Tuesday: Raghuram Rajan to go for interest rate hike, or not, top 5 key takeaways

With the Reserve Bank of India’s (RBI) last monetary policy review of this fiscal coming up on Tuesday, analysts have…

January 31, 2016 20:13 IST

‘Bihar loss a political pothole, reforms to be calibrated’

Global financial services majors Citigroup, Nomura and Bank of America Merrill Lynch believe the loss would likely hurt the market…

November 9, 2015 15:04 IST

Bihar election results won’t alter course of reforms: Citi

Irrespective of Bihar election results, reforms in India will continue as reviving economic growth will remain a political imperative for…

Updated: October 12, 2015 17:20 IST

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