Axis Bank Acquires Citibank’s India Consumer Business for $1.6 Billion

Axis Bank Acquires Citibank’s India Consumer Business for $1.6 Billion

For the acquisition of the consumer business, Axis will pay Citi a cash consideration of approximately US$1.6 billion. The transaction involves the sale of Citibank India’s consumer banking operations, which include credit cards, retail banking, wealth management, and consumer loans. Axis Bank, India’s third-largest private bank, will acquire Citibank’s India …

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Citigroup plans 900 hires for commercial banking unit in the Asia Pacific

Citigroup plans 900 hires for commercial banking unit in the Asia Pacific

Citigroup’s business banking unit, which is widely known to serve moderate-sized organizations in more than 60 nations primarily, is intending to recruit around 900 individuals, remembering north of 400 business financiers for the following three years as it tries to accomplish rapid track development. Yes, It’s true!  The U.S. moneylender …

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Bank CEO V Vaidyanathan gifts $530,000 of shares to his chauffeur and other home staff

Bank CEO V Vaidyanathan gifts $530,000 of shares to his chauffeur and other home staff

Bank CEO V Vaidyanathan gifts $530,000 of shares to his chauffeur and other home staff In a generous act of kindness, V Vaidyanathan, CEO of IDFC First Bank Ltd, has given $530,000 in shares to his support team, which includes his house and office assistance, chauffeur, and trainer. Vaidyanathan contributed …

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