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The last two years have witnessed a leap in investor interest in India. How did India capture the world’s attention as an investment destination. What’s driving the investor interest. An insight into what India got right.
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The banks have paid between Rs 8.25 lakh and Rs 11.05 lakh, without admitting or denying the findings and conclusions
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The cuts are necessary for the bank to reduce its cost base because of adverse market conditions, according to a person within the bank, who isn’t authorized to speak publicly. Financial News reported the layoffs earlier.
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Axis Bank had earlier said that it would welcome all the 3,600 employees of Citibank's consumer banking
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On February 25, 2023, Moneycontrol.com reported that Citibank has removed its signboard from its iconic Kanak building office on Kolkata's Chowringhee Road, as part of the rebranding exercise post the acquisition of its consumer business by Axis Bank in 2021.
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Assets of overseas banks like Citibank, JPMorgan Chase and Deutsche Bank increased after falling in the previous year, data with the Indian Banks Association show.
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At current valuations, the overhang risks from further selling by existing pre-IPO shareholders of Paytm are overdone, Citi says.
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Citi's scaling down of operations in India is part of its strategy to exit retail businesses in 13 markets to conserve capital and focus on higher-yielding revenue streams. It had entered India in 1902 and started the consumer banking business in 1985.
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As part of the deal, Citibank will continue to service the customers during the integration period so that the transition is seamless and no one is inconvenienced.
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Citigroup said in October it would require U.S. employees to be vaccinated against COVID-19 as a condition of their employment.
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Citi stated that its revenues from client services and flows from China to Singapore had more than doubled last year as compared to previous year.
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It’s important you migrate to a credit card that has equal or better rewards and offers. Also, your credit limit should remain the same or improve
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Balaji Nuthalapadi has more than 24 years of experience with Citi. He had joined India’s retail lending business in Chennai in 1997 and went on to lead several roles in the retail wealth management business across India, Asia, and the United Kingdom for over 13 years.
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In India, the US based financial powerhouse had about 30 lakh customers in retail, 22 lakh credit cards and 12 lakh bank accounts, as of March 2020.
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The bank informed that Chowdhry will manage all of Citi’s consumer businesses including retail banking, wealth management, cards, and mortgages in India.
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Bad credit scores can often be the reason why a bank will reject your loan application. CreditSeva is among the startups trying to remedy this problem.
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While recovery in the banking sector will be attainable in less than 5 years, real challenge is to create more employment in today's time, SBI chief Arundhati Bhattacharya told banking conference moderator Latha Venkatesh.
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NIIT reported a stellar numbers in the September quarter aided by strong growth in all international geographies. Its net profit jumped 102 percent year-on-year to Rs 20.8 crore
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A team of 24 senior executives from top Indian banks is on a two-week orientation/study tour of the US, during which they will have first-hand exposure to the American banking system, international financial institutions and best practices from here which could be implemented in India.
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Delivering the key mote address at the Citi's Investor Summit, Jaitley hoped that as a professional organisation the Reserve Bank will take "the best decision".
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Bajaj Hindusthan climbed over 5 percent after the company reduced its net loss significantly to Rs 131 crore in July-September quarter from Rs 509.5 crore in same quarter previous fiscal.
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SP Tulsian of sptulsian.com is bullish on United Breweries. “One may keep the long position for December-January series or remain as an investor,†he adds.
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The Reserve Bank of India (RBI) on Monday slapped penalty of nearly Rs 50 crore among 22 banks for violation of Know Your Customer (KYC) or anti money laundering (ALM) norms. Moreover, it warned seven more banks by issuing cautionary letters.
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Aided by lower operating expenses and higher other income, Citi India – the domestic arm of global giant - Citi Bank, reported more than 41 percent year-on-year spike in its net profit to around Rs 2,720 crore for year ended March 31, 2013.
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Certified Financial Planner, Gaurav Mashruwala discussed at length about identity theft and how to prevent that.
