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

First Rand India is a licensed financial services provider in India and operates as a "branch" of FirstRand Bank South Africa.

Premium

Illustration by Binay Sinha

Mumbai

2 min read Last Updated : Apr 22 2021 | 1:33 AM IST

Close on the heels of Citigroup's decision to exit retail banking business in India, South Africa’s second largest bank - FirstRand Bank - with $118 billion in assets is the

Topics : Banking sector South African companies Citigroup

First Published: Apr 22 2021 | 1:31 AM IST

Explore News

Stock Market Updates VinFast Auto | Tesla Stock To Watch Today Latest News Live Asian Games LIVE updates Vedanta Ltd.SSC CHSL Tier-1 Result 2023 Declared Gold-Silver Price Asian Games Day 4 Highlights Asian Games 2023 September 28 Schedule

Companies News

Adani group appoints new auditor for its main UK subsidiaries: Report Google, Facebook, X, Edtech Cos likely to pay up to 18% IGST from October 1

Sports News

Asian Games 2023: Indian men's 10m air pistol team strikes Gold at Asiad Asian Games LIVE updates, Day 5: Shooters win Gold; India medal tally - 22

India News

IPS officer who cracked Pulwama attack called back to Manipur amid violence Fire at Mukherjee Nagar: Delhi police books paying guest facility owner

Economy News

India's diamond firms in the rough as global trade sanctions mount Angel tax norms: Govt extends safe harbour to convertible preference shares

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Continue

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

First Rand India is a licensed financial services provider in India and operates as a "branch" of FirstRand Bank South Africa.

Also Read

Citibank likely to hive off consumer banking business in India

How Madurai boy Anand Selvakesari is breaking the mould at Citigroup

BS Banking Annual: Total assets to interest income, here're the key numbers

BS CEO Round Table: Six bank chiefs discuss paradigm shift in banking space

BS Technology Round Table: Covid-19 pandemic sends digital payments soaring

A brief look at REPCO, the latest universal bank licence candidate

Troubled by outages, HDFC Bank to use cutting-edge tech across businesses

HDFC Bank embarks on 'Technology Transformation Agenda': MD tells employees

Cheque bouncing up in April during second wave of Covid-19: HDFC Bank

HDFC Bank Q4 net profit rises 18% YoY to Rs 8,186 crore

Explore News