InvestorQ : Is it true that Axis Bank is taking over Citibank’s India business?
Aditi Sharma made post

Is it true that Axis Bank is taking over Citibank’s India business?

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Mahima Roy answered.
5 months ago
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As of now it is only reported, not confirmed that Axis Bank is the top bidder for Citi's consumer banking business. Citibank decided to exit consumer banking in India in Apr-21 as part of its global strategy. It includes credit cards, retail banking, home loans and wealth management and is valued at $2 billion approximately.

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