Axis Bank buys Citi's India retail business for Rs 12,325 cr

Axis Bank on Wednesday said it will acquire US-based Citi's consumer business in India for Rs 12,325 crore in one of the largest deals in the Indian financial services space which will help it......

Who will buy Citi's consumer business?

The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay. Photograph: Mike......

Citibank to exit Indian banking after 119 years

American banking major Citibank on Thursday announced that it will exit from the consumer banking business in India as part of a global strategy. Photograph: Arko Datta/Reuters. The business......

Bankers cross swords with RBI guv over 'risk averse' remark

Heads of various public and private sector banks on Thursday sought to present a counter-narrative on RBI Governor Shaktikanta Das warning lenders about the perils of extreme risk aversion in the......