Citi joins list of foreign banks scaling down India ops with Rs 12,325 cr arm sale to Axis Bank

American banking major Citi has joined a long list of foreign banks that have either exited or cut down on their business presence in India with the sale of its consumer banking business to Axis Bank for Rs 12,325 crore.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Fukl1Oz
via IFTTT