Citibank removed its signboard from its office on Chowringhee Road, Kolkata. The company's office in the iconic Kanak building is where Citibank started its India operations from in 1902. The move comes as part of Citigroup's plan to exit consumer operations in 13 countries, including India. As a result, Axis Bank is acquiring Citibank's India consumer business for ₹12,325 crore.