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Axis Bank Completes Acquisition Of Citibank Businesses: What It Means For Customers
01 Mar 2023, 11:33 AM IST i

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in a regulatory filing, Axis Bank said it took consent of all the customers.
Axis Bank said on Wednesday that it has completed its acquisition of Citibank's India consumer and non-banking finance businesses. The deal, announced in March 2022, has been closed for a cash consideration of $1.41 billion (Rs 11,630 crore) in one of the largest deals in the Indian financial services space. The acquisition will help Axis close the gap with larger peers like ICICI Bank and HDFC Bank.
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