Page 4 - Citi Bank
Citi expects revenue from Indian corporate business to grow 10% a year
MUMBAI (Reuters) - Citigroup expects annual growth in its corporate banking business in India to accelerate to 10% in the next few years as it focuses on its institutional business after recently selling its consumer banking business, a top executive said.
 "Citi expects revenue from Indian corporate business to grow 10% a year")
We are looking at being distinctive as a bank: Axis Bank MD & CEO
In a Q&A, Axis Bank MD & CEO Amitabh Chaudhry says bank's core leadership is focused on 19 transformative initiatives, at both business and functional levels in order to become better execution engine
 "We are looking at being distinctive as a bank: Axis Bank MD & CEO")
Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe
India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore
 "Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe")
Axis satisfied with Citi India's credit card portfolio performance: Exec
Axis Bank is satisfied with the performance of Citi India's credit card portfolio when gauged by spends and Non-Performing Assets (NPAs), executive from the third largest private sector lender said
 "Axis satisfied with Citi India's credit card portfolio performance: Exec")
US-based Citigroup adds more capacity in its Chennai, Pune workspaces
US-based bank Citigroup Inc on Thursday said it has inaugurated two state-of-the-art workspaces in Chennai and Pune under its Citi Solution Centres network that would augment the capacity to serve
 "US-based Citigroup adds more capacity in its Chennai, Pune workspaces")
Axis Bank to make significant gains from Citi deal only from FY2025
The rating agency S&P said the acquisition of Citi consumer business will strengthen Axis bank's retail market position and diversify its revenue profile
 "Axis Bank to make significant gains from Citi deal only from FY2025")
Axis Bank-Citi deal: Brokerages list key positives & negatives for the bank
The affluent credit card segment was seen as a gap in Axis Bank's customer positioning and will fit in the lender's retail portfolio.
 "Axis Bank-Citi deal: Brokerages list key positives & negatives for the bank")
What does the Axis-Citi deal mean for Citi's India customers?
Citigroup has sealed the deal with Axis Bank to sell its consumer businesses for nearly $2 bn. What does Citi's exit from India mean for its customers here? And what Axis is going to gain from it?
 "What does the Axis-Citi deal mean for Citi's India customers?")
TMS Ep140: Axis-Citi deal, BS Awards 2021, small caps, carbon credits
What does Axis-Citi deal mean for Citi's India customers? What does the BS Awards 2021 winners reflect about India Inc? Will small cap continue its dominance? What are carbon credits? All answers here
 "TMS Ep140: Axis-Citi deal, BS Awards 2021, small caps, carbon credits")
Top headlines: Govt to review PLI progress; Axis buys Citi's India's biz
The central government will do a two-stage review of the PLI scheme to determine its progress and implementation across sectors. More on this in our top headlines.
 "Top headlines: Govt to review PLI progress; Axis buys Citi's India's biz")
With Citi deal, life has come full circle for Axis Bank's Amitabh Chaudhry
In all likelihood, he would have worn a broad grin; and asked them to get behind their desks. A confirmed workaholic, Axis Bank's boss is not known to suffer fools gladly
 "With Citi deal, life has come full circle for Axis Bank's Amitabh Chaudhry")
Citi joins foreign banks scaling down India ops under global strategy
Likewise, Merril Lynch, Barclays and Standard Chartered scaled down their operations in 2015
 "Citi joins foreign banks scaling down India ops under global strategy")
Citibank customers to continue availing privileges and offers: Axis Bank MD
If the customers agree to Axis managing their business, their accounts, credit cards and other business will change over, else the relationship will terminate and they can exit with their deposits
 "Citibank customers to continue availing privileges and offers: Axis Bank MD")
Axis Bank set to buy Citi's India consumer business: Report
In April 2021, Citigroup announced its plan to exit from the consumer banking business in India as part of its global strategy
March out of retail: Why are foreign banks clinging to corporate banking?
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space
 "March out of retail: Why are foreign banks clinging to corporate banking?")
American lender Citi to hire 80 commercial bankers in India in 3 years
The move is part of a plan to hire 350 bankers in Citi Commercial Bank Asia Pacific over the next three years, as per a statement
Citi to sell retail arms in 4 Southeast Asian markets to Singapore's UOB
UOB buying Indonesia, Malaysia, Thailand and Vietnam operations
Citi to exit Mexican consumer business as part of strategy revamp
Citigroup Inc will exit its Citibanamex consumer banking business in Mexico, the bank said on Tuesday ending its 20-year retail presence in the country
Covid-19: Citigroup confronts vax holdouts in no jab, no job mandate
With its deadline fast approaching, the company is preparing for action
 "Covid-19: Citigroup confronts vax holdouts in no jab, no job mandate")
Indian investment bankers tighten grip over the league table
ICICI Securities, Axis, Kotak among top 5 managers of equity issuances
 "Indian investment bankers tighten grip over the league table")