CITIBANK INDIA

More in CITIBANK INDIA

• Paytm appoints GS Sundararajan as independent director

  GS Sundararajan has been appointed to PayTM’s board for a tenure of 5 years as the fintech also announced the retirement of Mark Shwartz, independent director with the board.

  

• Standard Chartered India appoints Saurabh Jain as head of wealth management

  Jain will take over from Samrat Khosla, who is moving to a new role within the bank. He joined Standard Chartered Securities (India) as its CEO in October 2019 and later went on to be the head – deposit products and client acquisition with a position he held before this current appointment.

  

• Axis Bank emerges as highest bidder for Citi consumer business

  Private sector Axis Bank has emerged as the highest bidder to buy Citi's consumer banking business, according to sources. American banking major Citibank in April announced its plan to exit from the consumer banking business in India as part of a global strategy.

  

• IDFC First Bank leases Citibank’s erstwhile HQ tower in Mumbai’s BKC from Mindspace REIT

  The deal is another sign of the recovery in office leasing, not only in peripheral but also in prime business districts following the aggressive vaccinations and the gradual return of employees to offices.

  

• Citi’s India retail unit can add heft to Kotak, be a good buy for HDFC Bank: CLSA

  Reports suggest five banks including HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank and DBS Bank have been shortlisted.

  

• Bajaj Finance net rises 4%, bad loans jump

  Bajaj Finance on Tuesday reported a consolidated net profit of Rs 1,002 crore for the quarter ended June 2021, a 4.2% increase over Rs 962 crore in the year-ago period.

  

• Bad bank is a great initiative but can turn into an accounting gimmick unless foreign investors are brought in: K Balasubramanian, Citibank India

  Bad bank is a great initiative and much needed for the country, with most public sector banks carrying a high level of non-performing loans. This would free up capital for banks saddled with bad assets. It will be helpful for them to concentrate on regular good business.

  

• Citi elevates Arjun Chowdhry as Head of Global Consumer Banking, India

  Arjun Chowdhry has been elevated as Consumer Business Manager (CBM), Global Consumer Banking, India. Arjun will manage all of Citi’s consumer businesses including retail banking, wealth management, cards and mortgages, in India.