Asia Insurance Post
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
Select Page

Axis Bank set to buy Citigroup’s India retail unit for $2.5 bn: Report

by AIP Online Bureau | Feb 14, 2022 | Banking & Bancassurance, Indian News, Intermediaries, Wealth Management/ Philanthropy

For Citigroup Chief Executive Officer Jane Fraser, the planned India retail sale is part of a restructuring to simplify the U.S. lender, do away with its retail banking operations in 13 countries across Asia and Europe, and focus on high-growth businesses such as...

Axis Bank emerges as highest bidder for Citi consumer biz

by AIP Online Bureau | Dec 21, 2021 | Banking & Bancassurance, Indian News, Wealth Management/ Philanthropy

The business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in the country and employs about 4,000 people in the consumer banking business.According to the sources, the valuation could be around USD 2 billion (about...
Next Entries »

Recent Posts

  • Chinese hackers ramping up attacks after integrating DeepSeek
  • Japan’s Tokio Marine eyes insurer Suncorp as preferred takeover target, FT reports
  • 62% of Indian businesses report rise in fraud attacks: Report
  • ‘Conflicts choking global trade arteries…’: UN Secretary General calls for protection of global shipping, restoration of navigational freedoms
  • SC asks Centre to consider devising safeguards to ensure no misuse of EPFO, ITR data

Categories

  • Articles
  • Banking & Bancassurance
  • Blog
  • Breaking News!
  • Briefs
  • Climate, Environment, Renewable Energy
  • Data
  • Disaster & Management
  • Eco/Invest/Demography
  • Editorial
  • Events
  • Facts
  • Features
  • Health
  • Indian News
  • Intermediaries
  • International News
  • Interviews
  • Life
  • Main Menu
  • Non-Life
  • Pandemic
  • Pension & Social Security
  • Policy
  • Regulation
  • Reinsurance
  • Risk Management
  • Simple
  • Technology
  • Trends, Facts
  • Uncategorized
  • Wealth Management/ Philanthropy
  • Workplace/Employee Benefits
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
  • Eco/Invest/Demography
  • Indian News
  • International News
  • Health
  • Non-Life
  • Pandemic
  • Technology
  • Risk Management
  • Reinsurance
  • Banking & Bancassurance
  • Wealth Management/ Philanthropy