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AXIS CITIBANK DEAL
Federal Bank eyes long-term value creation from SCB Card portfolio acquisitionFederal Bank is acquiring Standard Chartered's credit card portfolio, gaining a high-quality, younger customer base with strong credit scor...- Axis Bank Q4 Results: Lender posts loss of Rs 5,728 crore on Citibank deal; NII jumps 33% YoYAxis Bank Q4 Results: Excluding exceptional items related to the Citibank India deal, Axis Bank made a net profit of Rs 6,625 crore in Q4, ...
- Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan?Citibank's consumer business in India will be transferred to Axis Bank, as of March 1, 2023. Citibank India has announced on its website th...
- Citi deal synergies, attractive valuations put Axis Bank on analysts’ “buy” listHowever, some have refrained from tweaking their earnings estimates for FY24 and FY25 as they want to see the initial synergy in business a...
- 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...
- 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...
- 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...
- Citibank customers to continue availing rewards, privileges and offers: Axis Bank MDAnnouncing the Rs 12,325-crore deal to acquire Citigroup's India consumer banking business, Axis Bank managing director Amitabh Chaudhry sa...
- Axis Bank acquires Citi India’s retail assets for $1.6 billionAxis will pay to Citi cash consideration of approximately $1.6 billion for the acquisition of the consumer business, subject to customary c...
- 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 to acquire Citi India’s retail assets for $2 billionAxis Bank is the fourth-largest issuer of credit cards with a total base of 8.6 million cards. Its retail book is nearly Rs 4 lakh crore. O...
- Axis gains as reports say bank highest bidder for Citi’s consumer bizCitibank’s consumer banking business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in ...
- Axis Bank pips Kotak, Indusind for Citi’s India consumer businessAxis has been looking at inorganic opportunities in insurance, micro finance. It was in discussions with Kedaara Capital to acquire Spandan...
- Citi's India retail business: Kotak, Axis Bank lead raceThe two banks are conducting further due diligence, since all details of the book weren't revealed in the initial rounds, said the people c...
- Citi’s India retail unit can add heft to Kotak, be a good buy for HDFC Bank: CLSAReports suggest five banks including HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank and DBS Bank have been shortlisted.
- Local lenders lead race to buy parts of Citi's India businessCitibank's consumer banking business houses three relevant businesses namely, credit cards, wealth management and mortgages the bank may se...
- Citibank tops debt arranger list in Q1Citibank topped the debt arrangers’ list for the quarter to June 2007, followed by Axis Bank (formerly UTI Bank) and ICICI Securities (I-Se...
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