Citi Bank News

The deal will include the transfer of about 3,600 Citi employees to Axis. Citi expects the release of about $800 million of allocated tangible common equity after the deal.

These banks are IndusInd Bank, IDBI Bank and Citi Bank. IDBI offers free unlimited transactions at its own ATMs IndusInd Bank offers unlimited free ATM transactions at any bank in India.

Citigroup will exit consumer banking operations in India, 12 other nations as part of global rejig The announcement was made as Citigroup reported its first-quarter results.

Top bankers warned on Tuesday they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the EU.

American lender Citi Wednesday announced a new product offering in the country targeted at people below 40 years of age, seeking to address multiple banking needs of the growing segment through a single relationship.

Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank`s plans.

Global banking major Citi on Friday elevated Anand Selvakesari as the head of its consumer banking for Asia Pacific.

Citi has been slowly getting its house in order by cutting costs and shedding assets that are not critical to its main businesses. It has sold retail operations in many countries and shrunk its U.S. branch network.