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Citi expects majority of business from emerging markets, says Vikram Pandit

Gautam Chhaochharia, ED & Head-India Mid Cap Research, UBS Securities advises Indian investors to be defensive. He is underweight on the financial sector. He likes Federal Bank, ICICI Bank at the current levels but not SBI. “4700-4800 is a good support le

Citi expects majority of business from emerging markets, says Vikram Pandit
Global banking major Citigroup expects majority of its businesses to come from emerging markets including Asia, its Chief Executive Vikram Pandit has said.Speaking to British daily 'Financial Times', India-born Pandit said Citi is set to glean majority of its business from emerging markets with Asian and Latin American consumers as well as trade between those regions and Africa driving growth.Citi has good presence in India.According...
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