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.......

South Africa's FirstRand Bank to exit India after 12 years

The plan was to expand further, add more branches and also eventually become the third bank in India to start a wholly owned subsidiary after Singapore's DBS Bank and State Bank of Mauritius, but......

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......

Centre to issue government securities without foreign limits soon

While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury. Illustration: Uttam Ghosh/Rediff.com......