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Yes Bank eyes Citi India's retail assets- Business News


Yes Bank eyes Citi India s retail assets
The India business of Citi includes retail banking, wealth management, credit cards and mortgages. It also has a presence in the distribution of financial services products, investment banking operations and treasury and trade solutions
BusinessToday.In | May 3, 2021 | Updated 13:34 IST
Yes Bank explores bid for Citi India s retail business
Private lender Yes Bank is looking to bid for the Indian retail assets of Citibank. This move comes as the foreign bank is slated to partially exit 13 countries, including India. Yes Bank also joins a list of parties interested in the local operations of Citi. ....

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Citigroup to shut consumer banking operations in 13 countries including India


Citigroup to shut consumer banking operations in 13 countries including India
Citigroup to shut consumer banking operations in 13 countries including India
While it has not yet announced a timeframe for the exit, the third-largest bank in the US will exit the consumer banking market in India, China, Australia, Malaysia, Bahrain, Korea, Indonesia, Russia, Vietnam, Philippines, Thailand, Poland and Taiwan.
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Citigroup will exit consumer banking operations in India and 12 other countries. (Photo: Reuters)
Citigroup has announced that it will shut consumer banking operations in 13 countries including India. The US banking group said the move is aimed at shifting focus to wealth management and exiting retail banking in places where it is small. ....

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