Citibank exit retail banking - Citi's exit from retail banking an opportunity for Indian banks: Analysts
What does CitiBank's exit from retail business mean for its rivals in India?
After exit announcement, Citi Malaysia seeks to assure customers, employees, stakeholders
Citi to exit retail banking in 13 markets, including Malaysia
Citi's exit from retail banking an opportunity for Indian banks: Analysts
Citibank to exit retail banking in 13 markets including Korea
A CitiBank India official said the employees had no clue of the decision till the global announcement happened.
Citi had entered India in 1902 and started the consumer banking business in 1985.
At present, Citibank is one of the largest foreign lenders in India.
Citibank to exit retail banking in 13 markets across Asia, Europe but Singapore unaffected
Transactions could be executed outside of the country without any participation from any Citigroup or Citibank subsidiary, branch, or affiliate unless applicable to local laws and regulations of the jurisdiction where they are booked and offered.
Retail loans may take over as the largest segment in overall bank credit during 2020-21.
Business continues as usual for the customers and when the sale happens the new entity will take over the clientele as has happened in other cases.
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