Private banks have historically been rare in the market, but have begun tapping it or exploring deals amid regulatory pressure.
The migration of Citi credit cards to Axis Bank will be completed by July 15. Here, we address common questions from Citi credit card users regarding the migration process, the benefits and features of the Axis Bank credit card replacing the Citi card, rewards programs, annual fees and charges, and more.
Citigroup CEO Jane Fraser's compensation increased by around 6% in 2023. She took home $26 million, even as the US bank reported a fourth-quarter loss of $1.9 billion
The central bank imposed a penalty of Rs 5 crore on Citibank, Rs 4.34 crore on Bank of Baroda, and Rs 1 crore on Indian Overseas Bank, it said in different press releases.
Manish Chokani, Director of Enam Holdings, posts a ROFL emoji in response, as Arora share a news report on Citi's overhaul plans
The employee, a financial crime expert working for Citibank in London, sued for wrongful and unfair dismissal.
The bank in its statement said that this initiative is expected to widely benefit women by ensuring continuity of their careers with Citi.