Citi Bank

Axis Bank Acquires Citi Bank India's Retail Banking For Rs 12,000 Crore: What Will Happen To Existing Customers? Citibank India’s consumer business will now be acquired by Axis Bank for $1.6 billion and this will be done in an all cash…

Axis Bank Will Acquire Citi Bank India For Rs 11,000 Crore? Here's The Reason Why Reportedly, the country's private lender, Axis Bank may have emerged as the highest bidder for the retail business of Citibank India, on December 20. …

None of the bidders have offered stocks, and have submitted all-cash bids. Kotak Mahindra Bank, Axis Bank and IndusInd Bank are bidding to buy Citi’s consumer business in India. Quitting The Retail Business Citi bank is planning…

In the next step, 3 out of the 5 suitors will be shortlisted. Citi India has 5 banks vying to buy its $2-billion retail business. What's At Stake? The retail business revolves around its portfolio of credit cards, mortgages,…

The central bank will compensate banks for the increased interchange fee and the general increase in ATM operational costs. The Reserve Bank of India recently authorised banks to raise ATM fees levied on customers after their free…

Citi Bank India Shuts Down Banking Operations; What About 20,000 Employees In India? Update: We have received some insider details that no employee will be fired. Rather, Citi Bank can sell off entire retail banking operations to some…

There have been over 50,000 bank fraud cases hitting the Indian banks in the last 11 fiscal years. Right from big PSBs to small ones, private banks even international banks with their branches in India, these financial institutions…

Fraudsters have now resorted to fake banking apps, to steal data from gullible users. And they are doing this with some fair amount of success as well. As per a recent report by IT Security firm, as many as 160,000 users may have been…

Right now, rumours are going around that Apple can acquire Netflix any moment now; and financial analysts from reputed firms have predicted 40% chance that it may happen in 2018. Apple acquiring Netflix would be the biggest M&A of 2018;…