 "Citibank, citigroup, foreign banks")
Citibank may take time till December to finalise a buyer for its retail arms, sources familiar with the discussions said.
There has been no decision on a buyer, or no shortlist has been made, said a source.
“The bank is in the process of answering all the queries raised by potential buyers. That process will end by the end of this month, and then bids will be invited in sealed envelopes. It will take at least two to six weeks to start seriously considering a buyer,” said the source, requesting anonymity.
Therefore, the question of a few banks being frontrunners do not arise
