The two lenders signed a definitive agreement for the sale, which will involve the third largest private lender taking over Citi's credit cards, personal loans and wealth management businesses that are focused on the affluent segment.
The bank has 35 branches in the country and employs approximately 4,000 people in the consumer banking business.
The Reserve Bank of India (RBI) has imposed a fine of Rs 4 crore on Citibank for non-compliance of regulations. In a statement issued on Friday, the RBI said the penalty has been imposed on Citibank N.A. for violation of banking regulations related to customer credentials.
Credit Card alert! Are you credit cardholder and not making outstanding payments on time? Then this news is for you. Citibank India has increased its credit card interest rate on revolving credit. The bank in its statement said that the revised interest rates applicable on the Citibank Credit Card account will be effective January 2020 statement. Citibank India has hiked the interest rate on credit card outstandings by up to 480 basis points from 37.2 per cent to 42 per cent per annum. This
While globally, the companies have started enduring their female staff more by proffering ‘female-friendly' policies; lately India Inc. has also joined the bandwagon. Understanding ladies' dual yet equivalent responsibilities towards their children and the extra
Surprised to know? But it's true! There's one Indian company which has not only won the hearts of its female staff but has strongly conveyed its employee-oriented attitude to others as well.This Indian Company is
New Delhi: National carrier Air India is likely to tie up with Citibank and public sector lender State Bank of India to raise USD 300 million from overseas market via External Commercial Borrowing (ECB) route,
Mumbai, Jan 21: Citibank India today announced a new paperless mobile payment system for all credit and debit card customers in India that would do away with the charge slips. The development makes Citibank India the
Mumbai, July 4: The Reserve Bank today imposed a penalty of Rs 25 lakh on US-based Citibank for not following account opening and anti-money laundering norms at its Gurgaon branch, which witnessed a fraud of
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