Citibanks

Mumbai-headquartered Axis Bank has completed the acquisition of the India consumer business of the Citigroup-owned foreign bank Citibank for Rs 12,325 crore. The deal, announced in March 2022, will see India’s third largest private sector…

Mumbai-headquartered Axis Bank announced on Wednesday it has completed the acquisition of Citigroup's India consumer business from Citibank NA, at an overall consideration of ₹11,603 crore. This means Axis Bank will now handle all of…

Axis Bank Ltd on Wednesday agreed to buy Citibank’s consumer business in India for ₹12,325 crore ($1.6 billion) in cash, a move that will boost the Indian lender’s presence in the retail segment.Axis would pay Citi an additional ₹1,500…