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Axis Bank - Citibank Deal
April 3 , 2022
969 days
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- Citigroup has announced that Axis Bank will be acquiring Citibank’s India consumer business for an amount of USD 1.6 billion in an all-cash deal.
- This transaction will be including Citibank India’s consumer banking businesses, which include retail banking, credit cards, consumer loans, and wealth management.
- Citibank India’s consumer business employees, around 3,600, will be transferred to Axis after the completion of this deal.
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