Citibank India

Citibank India FY23 results: Profit after tax jumps 26% to Rs 4700 crore

The lender’s net interest margin (NIM) for FY23 was 5.15 percent compared to 4.65 percent last year.

More foreign banks may shut shop in India after Citi consumer biz exit

Rising competition and stringent regulations are making India operations difficult for even those foreign banks which started India operations long back, say analysts.

Interview: Citi deal on track, will grow cards portfolio aggressively in FY23, says Axis Bank executive Moghe

Some new partnerships between Axis Bank and fintechs may take shape due to RBI’s recent clarification on loading credit lines on wallets, Moghe said.

'Deal of a lifetime': Axis Bank’s Amitabh Chaudhry cheers Citibank India's portfolio buyout

Apart from improvement in the CASA ratio, net interest margin, and credit card market share, the deal would also give Axis Bank access to the premium set of high spending customers.

Axis Bank to acquire Citibank's India consumer business for $1.6 billion

The deal comprises the sale of the consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans, Citigroup said.

Axis Bank inching close to takeover of Citi's India consumer business, deal likely this month: Report

Citi's consumer business is being valued at $1.5 billion in the deal that is likely to be finalised this month, the report said citing persons with direct knowledge of the matter.

As Citi India seeks a buyer for its retail assets, employees look for safer pastures

A number of employees in the mid- and senior-management levels are on the lookout for job opportunities; many senior executives have already left, people with knowledge of the matter said.

Race for Citibank India assets: DBS may drop out; all eyes on domestic banking heavyweights

On April 16, Citibank said it will exit consumer/retail operations in 13 countries across Asia and Europe, including India, to focus on the institutional and wealth management business in these markets. Moneycontrol had earlier reported that the likes of HDFC Bank, Kotak Mahindra Bank, ICICI Bank and HSBC are evaluating the high-profile transaction.

Can resumption of credit card business be a spark for HDFC Bank?

RBI’s order adversely impacted bank’s earnings in Q1 FY22

As Citibank retreats, new MNCs extend their reach

Citibank represents an old business model that is facing intense competition from new, more nimble, technologically advanced players

With Pramit Jhaveri's Citibank exit, an era ends at India's largest foreign bank

Jhaveri will demit office on March 31, ending his nine-year stint as Citibank's face in India. He is serving as an interim head of India operations currently, after the Reserve Bank of India (RBI) denied him a new three-year term late last year.

Citibank brings in paperless payment system for cardholders

Citibank India today announced a new paperless mobile payment system for its credit and debit card customers that would do away with the charge slips and would be implemented for the entire global network of its US-based parent Citigroup.

IMs get 50, here's all about the golden era in management

CNBC-TV18’s show, Lessons in Marketing Excellence comes with all the dope on the first ever IIM that this country saw – IIM Calcutta.