Axis Bank acquires Citibank India

Axis Bank acquires Citibank India

Daily Current Affairs   /   Axis Bank acquires Citibank India

Change Language English Hindi

Category : Business and economics Published on: April 01 2022

Share on facebook
  • Private sector lender Axis Bank acquired Citigroup's retail banking business in India for Rs 12,325 crore. 
  • This acquisition will increase Axis Bank's card balance sheet by 57% with an additional ~2.5 million Citibank cards, making it one of the top 3 card businesses in the country.
  • Now Citibank customers will benefit from Axis Bank's enhanced scale, large geographic reach and breadth of products and offerings.
Recent Post's
  • Sanjay Mashruwala, a key executive with Reliance since the time of founder Dhirubhai Ambani, has resigned as Managing Director of Reliance Jio.

    Read More....
  • Jonatan Christie of Indonesia secured the Asian badminton title by defeating his opponent 21-15, 21-16 in the men's singles final held in Ningbo, China.

    Read More....
  • Yuzvendra Chahal made history by becoming the first bowler to claim 200 wickets in the IPL during Rajasthan Royals' match against Mumbai Indians.

    Read More....
  • Irdai has eliminated the age limit of 65 years for purchasing health insurance policies, effective from April 1.

    Read More....
  • Nalin Prabhat, a senior IPS officer, has been appointed as the Director-General of the National Security Guard (NSG), India's counter-terrorism force.

    Read More....
  • The Indian Navy conducted Exercise Poorvi Lehar on the East Coast to validate procedures for assessing its preparedness to meet Maritime Security challenges in the region.

    Read More....
  • IIT Delhi and the Armed Forces Medical Services (AFMS) have signed an MoU to enhance research and innovation in medical devices.

    Read More....
  • Cognizant and Microsoft have announced an expanded partnership to promote the adoption of generative AI among enterprises.

    Read More....
  • In a historic event, seven members of Andaman's vulnerable Shompen tribe cast their votes for the first time for the Lok Sabha seat in the union territory.

    Read More....
  • Pavuluri Subba Rao, Founder, CEO, and Chairman of Ananth Technologies, has been honored with the Aryabhatta Award for his contribution to astronautics by the Aeronautical Society of India (ASI).

    Read More....