Jun 21, 2005, 11.01 AM IST | Source: Moneycontrol.com

Thumbs up for India: Citigroup

Sallie Krawcheck, Chief Financial Officer of Citigroup says that the financial services giant has identified India as one of the top five attractive destinations for investment.

Sallie Krawcheck, Chief Financial Officer of the financial services giant, Citigroup is on her maiden visit to India.

She says Citigroup has identified India as one of the top five attractive destinations for investment and Citibank has been in India for the past 103
years, is excited about the Indian market and is here to stay for a long time. 

Krawcheck said, "We are in India for the long haul while one might hope that some reforms go faster. We are glad that we have a road map. We do hope that a few reforms were tweaked, but on the whole we are commited to grow with the market."

Krawcheck also says scandals are a thing of the past at Wall Street and it has chalked out a five point plan to be one of the most respected financial services group in the world.

Krawcheck says Citigroup is now ready to focus on its core banking business as credit flow around the world is spectacular. She said, "If you look at what is happening to credit, not just in the US but around the world, but for a few exceptions, on the whole credit is good to spectacular."

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