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Axis-Citibank deal: Acquisition will further consolidate credit card market, says GlobalData

On March 1, 2023, Axis Bank announced that it has closed the acquisition of the consumer businesses of Citibank India and its non-banking finance arm, Citicorp Finance (India) for a total amount of Rs 11,603 crore.

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Delhi court takes cognizance of complaint, issues summons to private company for cheating Delhi-based hotel

Taking cognisance of a complaint, the Patiala House Court of Delhi has summoned City Fincorp Services, Advance City Fincorp Consultancy along with several accused persons in an alleged case of cheating and criminal breach of trust.

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Delhi court takes cognizance of complaint, issues summons to private company for cheating Delhi-based hotel

Delhi court takes cognizance of complaint, issues summons to private company for cheating Delhi-based hotel
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Axis Bank completes acquisition of Citibank s consumer businesses in India

Axis Bank, one of Indias largest private sector banks, has completed the acquisition of Citibanks.

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Axis Bank completes acquisition of Citibank s consumer businesses in India

Axis Bank, one of India's largest private sector banks, has completed the acquisition of Citibank's consumer business in an accelerated time frame of within 7 months post receipt of the CCI approval.The deal has been closed with Axis Bank .

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