For the best experience use inshorts app on your smartphone
Axis Bank to buy Citibank's India consumer business for ₹12,100 crore
short by Kiran Khatri / on Wednesday, 30 March, 2022
Axis Bank will acquire Citibank's India consumer business, which includes credit cards, wealth management, retail banking and consumer loans, for $1.6 billion (over ₹12,100 crore) in an all-cash deal. The transaction also includes the sale of consumer business of Citi's NBFC, Citicorp Finance (India) Limited, Citigroup said. About 3,600 of Citi's employees will transfer to Axis Bank.
read more at Moneycontrol