After 120 years, Citigroup logs out of India consumer banking for $1.6 bn

 After 120 years, Citigroup logs out of India consumer banking for $1.6 bn
Citigroup, which began banking operations in India 120 years ago, has agreed to sell its consumer banking business in the country to Axis Bank for Rs 12,325 crore ($1.62 billion), both lenders said Wednesday. The all-cash deal, which is under regulatory and competition review, comprises Citigroup’s consumer banking businesses including […]
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Ankit Doshi

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The Capital Quest