Citigroup to shut retail banking operations in India. Will it affect customers?
Citigroup to shut retail banking operations in India. Will it affect customers?
Citigroup has announced that it will shut retail banking operations in India. The company has already initiated the process to look for a buyer for Citibank India. Will the move impact the bank s customers in India? Here is all you need to know:
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UPDATED: April 16, 2021 14:21 IST
Citigroup has announced that it will exit retail banking market in 13 countries including India. (Photo: Reuters)
Citigroup has announced that it will exit the retail banking business in India and 12 other countries. It marks the end of an era as it was the first foreign bank that started operations in India in 1985. The US banking group said it has already started the process to look for buyers, following which it will exit retail banking operations in India.