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Apr 16, 2021 · US banking major Citigroup, a leading foreign bank in India, on Thursday announced its exit from the consumer banking business in the country (along with 12 other countries) as part of a global strategy to focus on institutional business.
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Apr 20, 2021 · Although Citi's exit from consumer business is part of a global decision, it had its own – and good - reasons to review retail operations in India as well. Over the years, Citibank has been facing...
Apr 19, 2021 · Citi has decided to shut its India retail banking business, which includes credit cards, savings bank accounts and personal loans, as part of a global decision to exit 13 markets as the US-based lender focuses on a few wealthy regions around the world.
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Apr 16, 2021 · Citigroup will shut down consumer banking operations in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.
Apr 16, 2021 · Explained: Why Citigroup is shutting consumer banking operations in India. Citigroup's announcement marks the end of Citibank in India. The US banking group is likely to finalise a buyer before exiting the Indian market. Here is all you need to know: Listen to Story.
- India Today Web Desk
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Apr 15, 2021 · The lender said it would exit its consumer businesses in 13 markets across the Asia and EMEA regions, as part of a broader strategic review under new chief executive officer Jane Fraser. As part of the move, Citi will divest those businesses in countries like Australia, China and India.
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Why did Citigroup leave India?
Why did Citigroup exit India & China?
Is Citigroup going out of business in India?
Why did Citigroup shut down its retail banking operations in India?
May 10, 2021 · Apart from a handful, such as DBS headed by an Indian-origin CEO Piyush Gupta, none of the bigger foreign banks, including Citibank, converted their branches into wholly-owned subsidiaries (WoS).
