Citi Bank

India's relatively small securitization market has been heating up, led by a surge in originations by non-bank lenders and growing appetite for bundled debt from banks and mutual funds

SitusAMC said in a statement on its website on Saturday that it had been the subject of a cyberattack on November 12, compromising certain information

The crypto custody offering-under development for the past two to three years-will cater primarily to asset managers and institutional clients

Prior to that, he helped build JPMorgan's mid-corporate business in South India, making it the largest market within the country

Earlier this year, Citi announced that it would cut around 3,500 jobs at its technology centres in China as part of a global effort to simplify and shrink global tech operations

Citi confirms the departure of Bhanu Vohra, its India head of commercial banking, after 25 years with the bank. The firm is set to announce a successor soon

Global travel-tech unicorn OYO has arranged for five investment banks to meet its key shareholder SoftBank in June, in a crucial presentation that could determine the company's path to public listing, sources said. The banks include Citi, Goldman Sachs and Jefferies from the global banking consortium, alongside ICICI Securities and Axis Capital representing Indian financial institutions. SoftBank, which remains one of OYO's largest shareholders, is interested in understanding the key positioning strategies, expected valuation metrics and anticipated investor appetite for the offering. The high-stake meeting is scheduled to take place at SoftBank's London office on Grosvenor Street, where the banks will present their IPO strategies to SoftBank's Sumer Juneja. OYO founder Ritesh Agarwal and his senior leadership team will also participate in the discussions, sources close to the development told PTI. The Japanese conglomerate's view is considered important for the IPO's timing, given

India's economy is forecast to grow by 6.7 per cent in the current financial year, according to the central bank's estimate released in February

During their discussion, Jane Fraser highlighted Citi's expansion in India and expressed interest in strengthening the company's presence in the country

The near-miss in Citigroup's wealth-management business magnified the intended amount by more than a thousand times and was detected on the next business day

The transfer was missed by two employees and detected by a third employee 90 minutes after it was posted

Private banks have historically been rare in the market, but have begun tapping it or exploring deals amid regulatory pressure

The compensation includes $1.5 million of base salary, $4.95 million in cash incentive and the rest in deferred incentives, the bank said

Global banking major Citi on Wednesday announced the appointment of K Balasubramanian as the head of India. Balasubramanian's appointment as the India subcontinent sub-cluster and banking head is subject to regulatory approval from the Reserve Bank of India, an official statement said, adding that he will be reporting to head of Asia South Amol Gupte. "India is one of Citi's largest markets globally where we have strong business momentum and we are confident Bala will build further on our leadership position in this key market," Gupte said. The appointment has been necessitated because incumbent Ashu Khullar has been appointed as the co-head of Global Asset Managers (GAM). Khullar will be part of the investment banking global operating committee, as per a memo from Citi's head of banking Vis Raghavan and head of international Ernesto Torres Cantu. "During Ashu's tenure from 2019-2025, Citi has recorded impressive all-round growth becoming the top investment bank across equity capi

Shares of the third-largest U.S. lender were last up 5 per cent in premarket trading on Wednesday after Citigroup said its board has authorized a new share repurchase program

The US-headquartered brokerage has raised the target price for the scrip to Rs 1,530, implying an upside of over 18 per cent from the current market price

OfBusiness aims to seek approval for the IPO from India's market regulator between March and June

New York's lawsuit comes as consumers are losing billions to financial fraud to scammers using more advanced tools

Firm's subsequent reaction to breaches resulted in liquidity reporting inaccuracies, according to the document, which provides a 2023 year-end snapshot of some of Citi's work on regulatory issues

Apart from climate transition, India's forays into electronics and infrastructure-related manufacturing are gaining prominence with investors abroad, an expert said