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Axis Bank completes acquisition of Citibank39s operations in India

Admin - 2 years ago
Inshorts
India
Axis Bank completed the acquisition of Citibank's consumer business on March 1 at an overall consideration of ₹11,603 crore. This means Axis Bank will now handle all of Citibank's nearly 30 lakh unique customers and future consumer business in the country. This is part of Citigroup's plan to exit retail operations in 13 markets, including India.
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