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Citibank India offers a wide range of Credit Cards, Banking, Wealth Management & Investment services. Our Loans, Insurance, Corporate & NRI Banking options will help you fulfill all your personal banking needs!
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NEW YORK - Citi announced today it has completed the sale of its India consumer business to Axis Bank Limited (Axis). The sale, which Citi and Axis first announced in March 2022, includes credit cards, retail banking, wealth management and consumer loans, as well as the transfer of approximately 3,200 Citi employees.
Citibank India was the division of Citigroup that operated in India. In March 2023, the division was sold to Axis Bank.
Explained: Why is CitiBank selling its India business, and what next for bank account holders? Even as it has decided to sell off the retail accounts and credit cards business, the bank has indicated that there won’t be any layoffs or closure of offices in India.
Mumbai - Citi today announced that it has reached an agreement with Axis Bank Limited (Axis) for the sale of Citi's consumer businesses in India. Axis was selected by Citi following an extensive and competitive auction process.
Citibank Mobile Banking App allows you to access your account/cards from anywhere, anytime. Download the app now and transfer funds, pay bills online easily.
Making card payment is as simple as 123! Pay it directly from your bank account or use Epay. Citibank's EPay lets you pay your Card bills online even if you don't have a Citibank banking account.
Axis Bank will acquire Citi’s consumer businesses in India for a cash consideration of approximately $1.6 billion, Citi announced in a press release. The transaction comprises the sale of the consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans, the statement said.