Why are foreign banks marching out of retail banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space. Raghu Mohan reports. Illustration: Dominic Xavier/Rediff.com On March 8, Axis Bank......

RIL raises $4 bn in India's largest-ever foreign currency bonds issue

Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an......

Why Citi is exiting India

The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!Manojit Saha reports. IMAGE: In India Citibank started the consumer banking business in 1985.......

Citibank likely to hive off consumer banking business in India

In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer......