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AXIS CITI DEAL
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- Axis Bank reports Q4 loss on Citi dealThe total hit due to the deal is to the tune of ₹12,490 crore, which the bank absorbed in the March quarter. Stripping out the impact of th...
- Axis Bank says will consider capital raise post Citi deal“The capital position remains self-sufficient to fund the future growth prospects and has built sufficient balance sheet buffers,” Amitabh ...
- Axis bank likely to pay Rs 12,325 crore to Citibank in Jan-MarThe deal was announced in March this year. Despite Citi losing market share on credit cards in India, Axis Bank says attrition of employees...
- Did Axis overpay in Citi deal? Analysts think soIn March, Axis Bank said it had acquired Citi's India retail business, comprising largely its credit cards portfolio, mortgages and other r...
- Competition Commission clears Axis Bank-Citi dealUnder the deal worth Rs 12,325 crore, announced on March 30, Axis Bank would take over Citi's credit cards, personal loans and wealth manag...
- Will Citi bolster Axis Bank’s fight in the battle of banks?Axis Bank is not among investor favourites when it comes to top banks. It is not difficult to understand why. The bank is not a consistent ...
- Our aspirations are big and Citi deal gives us strategic thrust to close the gap with peers: Amitabh Chaudhry“Our four big subsidiaries have scaled up exceedingly well. Axis Finance is in my mind perhaps one of the best performing NBFCs with high R...
- Brokerages cheer Axis Bank-Citi dealAxis Bank's acquisition of Citi's India retail business will give the lender access to the affluent client base and strengthen its retail f...
- Axis Bank shares jump nearly 2% after Citi dealAxis Bank on Wednesday said it will acquire US-based Citi's consumer business in India for Rs 12,325 crore in one of the largest deals in t...
- For Axis Bank, it will be very important to integrate Citi culture to retain wealthy clients: Digant Haria“For Axis Bank, it will be very important to integrate the Citi culture because otherwise a lot of these meaty clients or these high yield ...
- Axis Bank CEO Amitabh Chaudhry on how the Citi deal will work“Once the consideration is paid and consent of customers taken, the technology platform has to be tackled and Axis will gradually start mig...
- Client and value-wise, Citi deal a good fit for Axis Bank: Sandip Sabharwal“The sentiments will be positive given the value of the deals and it should be taken positively because if the cash outgo was greater, then...
- Axis Bank closing in on Citi India's consumer business: SourcesWall Street giant Citi said last year that it would exit its consumer franchises in 13 markets, including India, as it refocuses on its mor...
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