WebMay 9, 2024 · Axis Bank will gain 28.5 million Savings Accounts, 2.3 lakh Burgundy clients, and 10.6 million cards following the merger. In addition, roughly 3,600 Citi personnel who support the consumer operations in India will be transferred to Axis upon execution of the proposed merger. ... Citibank – Axis Bank Retail Business Take Over – FAQs: 1:When ... WebFeb 28, 2024 · The consumer banking business of Citibank India is all set to be merged with Axis Bank from Wednesday —11 months after the deal was signed. The process …
Why Axis Bank Acquired Citi India’s Consumer Business
WebJul 27, 2024 · Last Updated: July 27, 2024, 11:54 IST. New Delhi, India. Citi India will sell its consumer business to private lender Axis Bank. As the Axis Bank-Citi deal has got … Web22 hours ago · The merger plan between Reliance Storage Ltd. and Viacom 18 has become effective as a result of NCLT Mumbai's approval, and Viacom18 has awarded shares to Bodhi Tree Systems and RIL Group ... shannon eckenrode pottstown pa
Axis Citi merger: All you need to know - The Economic …
WebAug 4, 2024 · The acquisition comprises Citi’s credit cards, unsecured and secured lending portfolios, wealth management, private banking and retail deposit businesses. The deal … WebMar 1, 2024 · By Reuters: Indian private lender Axis Bank Ltd said on Wednesday it completed a deal to buy Citigroup Inc's local consumer and non-banking finance … WebApr 12, 2024 · Citigroup also closed the sale of its India consumer business to Axis Bank Limited. The deal was announced in March 2024. The sale includes retail banking, credit cards, wealth management and consumer loans, as well as the transfer of around 3,200 Citi employees. The transaction is anticipated to result in a regulatory capital release of $1.4 ... shannon ebner photography