Indian private lender Axis Bank Ltd announced that it completed a deal to buy Citigroup Inc’s. local consumer and non-banking finance businesses, marking the U.S. lender’s exit from its credit card and retail businesses in the country. The deal was closed at $1.41 billion due to Citi’s customer attrition and...
Citi CEO, Fraser: India Is an “Important Destination for Investment”
After meeting face-to-face with India's Minister for Finance, Nirmala Sitharaman, in New York during the Minister's U.S. visit, Citi CEO Jane Fraser noted that India is forging economic reform "despite a very tough spring," and the Indian economy is once again poised to fire on all cylinders. Opportunities abounded given...