Local lenders lead race to buy parts of Citi s India business
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Synopsis
Citibank s consumer banking business houses three relevant businesses namely, credit cards, wealth management and mortgages the bank may sell all these businesses separately as a portfolio sale, Macquarie analyst Suresh Ganapathy said in a report.
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Citibank has a 0.60% market share in terms of advances in India and a higher 4.30% share on credit cards.
India s large and medium size private sector banks like IDFC First, RBL Bank,
Kotak Mahindra Bank and IndusInd Bank could be among the suitors for the different businesses US based Citibank has put on the block, Macquarie Research said in a note.
Apr 16 2021, 6:17 PM
April 16 2021, 12:29 PM
April 16 2021, 6:17 PM
Citigroup Inc.âs plans to exit retail banking in 13 markets, including India, could put its lucrative Indian credit card portfolio up for grabs, brokerages said a day after the global bank announced its decision.Citi intends to operate its consumer banking franchise from four wealth centres in Singapore, Hong Kong, the UAE and London, it said in a statement on Thursday. In markets that it is exciting, Citi will continue to offer prod.
Citigroup Inc.âs plans to exit retail banking in 13 markets, including India, could put its lucrative Indian credit card portfolio up for grabs, brokerages said a day after the global bank announced its decision.
A clear winner in the country’s MyDIGITAL digitisation push, Telekom Malaysia Bhd’s share price hit a new all-time-high of RM6.62 on Feb 9, beating the previous record of RM6.45 in May 2015. While prices had since retreated, they are poised to reach new heights if the more bullish street predictions are to be believed. If the fact that Telekom’s share price had doubled in the past year and tripled from its decade-low of RM2.02 on Oct 26, 2018, is heaping additional pressure on the company to outperform, its managing director and group CEO Imri Mokhtar is taking it in his stride: “I guess we will be fairly rewarded by shareholders [as we focus on serving our customers better].”
AT&T: HBO Max kommt einfach nicht gut genug an boersennews.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boersennews.de Daily Mail and Mail on Sunday newspapers.
Author Bio
James Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense. It s also an approach that respects this John Keynes reality: The market isn t always rational. Follow @jbrumley
Giving credit where it s due,
AT&T (NYSE:T) is producing solid consumer awareness of its nascent streaming service HBO Max. While it got off to a relatively slow start immediately following last May s launch, the company reports 17.1 million people had activated HBO Max by the end of last year.