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Read more about Statsguru: Bank lending in the slow lane amid Covid-19 pandemic on Business Standard. In a period of slowing credit growth, only PSUs have sequentially borrowed more, and that too, only from private banks
Citi India has elevated Arjun Chowdhry as the head of its consumer banking business wherein he will manage the domestic retail banking, wealth management, credit cards, loans and mortgages. The appointment is effective January 8, the local unit of the American banking major said in a statement on Monday. Chowdhry will join the Asia consumer leadership team, ensuring alignment with global and regional priorities. He will report to Citi India Chief Executive Officer Ashu Khullar and the banking major s head (APAC and EMEA retail ranking) Fabio Fontainha, the statement added. APAC stands for Asia-Pacific, while EMEA expands into Europe, Middle East, and Africa.
Read more about India Inc s big boys: Share of large borrowers on banks books decline on Business Standard. However, large advances in the SMA-0 (special mention accounts) category registered a quantum jump (155.6 per cent) over the previous quarter and 245.6 per cent over March 2020 levels