High net worth investors (HNIs) caught in the Rs 405-crore fraud at Citibank's DLF Phase-II branch in Gurgaon, have recovered their money, with the bank refunding the principal amount, pending investigations.
US giants -- Citibank, Merrill Lynch, Smith Barney and Chase -- might be revered as big daddies of the banking and financial service space here in India, but consumers in their own homeland consider them 'below average'.\n
When Anand Mahindra becomes non-executive chairman in November, Shah will become the first professional MD and CEO in the history of the Mahindra group to have a complete oversight of and responsibility for the Mahindra group businesses.
The local police on Tuesday registered an FIR naming Indian-born global CEO of the bank Vikram Pandit and 10 other officials in the Rs 300-crore (Rs 3 billion) Citibank fraud case.
A Chartered Accountant firm hired to help crack the Rs 460 crore (Rs 4.6 billion) fraud at a Citibank branch will submit its report soon, says Gurgaon police.
'The concern that the bad bank may create a moral hazard for the system is extremely valid.'
Citibank is looking for Assistant Sales Managers to market Citibank products.
Shivraj Puri, the main accused in the estimated Rs 400 crore (Rs 4 billion) fraud at Citibank's Gurgaon branch, was remanded in 14 days' judicial custody by a local court on Friday.
While the lender has Rs 17,000 crore of retail assets and land parcels in Juhu, Borivali, Worli, and Chembur in Mumbai, there may be a disconnect between the quality of DHFL's books and the value bidders ascribe to it.
If you are a Citibank credit card holder in Bangalore, and use a Vodafone mobile phone service on a Nokia 6212, you need not carry that Citi credit card anymore.
Citibank has regained its top position after slipping to the second slot behind Bank of America in the previous rankings released in December 2007, compiled by global mobile and internet performance solutions provider Keynote Systems. Bank of America has slipped to the second position in the latest rankings released late last night and is followed by Wells Fargo and Chase at third and fourth ranks, respectively.
'Spends are likely to increase from the current levels because recovery is yet to fully be over.'
How buying an insurance policy on your credit card can lead to a lot of harassment and sleepless nights.
The company is in talks with a few private banks and has signed on Citibank as one of the bankers to raise these funds, said sources. HCL Technologies and Citibank declined to comment saying that 'they do not comment on market speculation'.
An astute advertising professional, he took Ogilvy & Mather India to the number one position after coming on board as managing director in 1994
Live it up in style with these credit cards.
Indian Airlines has launched an EMI scheme in association with Citibank to target the vacation travellers and the growing segment of credit card holders who prefer to use the deferred payment schemes to purchase goods and services.
ICICI Bank edged past foreign banking majors Citibank and Standard Chartered Bank to emerge as the best retail bank in India, according to the latest issue of 'Asian Banker Journal'.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
Do you often miss payments? Do you exceed your credit limit? You are just the kind of customer credit card companies are looking out for!
147 domestic and international recruiters -- including Ola, Amazon, Flipkart and Xiaomi -- hired all 460 graduates.
The marketing spiel is right: you spend, we pay. But how effective, really, is the Citibank Cash Back card?
The veteran banker has been instrumental in building the bank from scratch and turning it into the largest private sector lender of the country.
The current account deficit, which is the difference between inflow and outflow of foreign exchange, rose to a record high of 4.8 per cent of GDP in 2012-13, from 2.8 per cent in 2010-11.
It has also issued cautionary letters to seven other banks.
