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Axis Bank Concludes Citi Retail Business Acquisition At Rs 11,603 Crore

Axis Bank acquires Citi's retail business for Rs 722 crore lower than what was previously announced

Vishwanath Nair

Axis Bank management announcing the acquisition of Citi's India retail business

Private lender Axis Bank Ltd. closed the acquisition of Citibank India's retail business, including the consumer business under Citicorp Finance India Ltd., for Rs 11,603 crore on March 1. The value is subject to adjustment and changes in the retail businesses over the last month.

Also Read: Citibankers Take With Them Work Ethic And Culture As Blue Neon Goes Dark

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Vishwanath Nair
Vishwanath is Editor- Banking at NDTV Profit. He started working as a busin... more
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