A pedestrian walks past a Citibank bank branch in San Francisco. (Photographer: David Paul Morris/Bloomberg)
In jest, it was called the Univer‘citi’ of Indian retail banking, says a former Citibanker reminiscing on the global lender’s long run in the Indian retail banking market as they prepare to exit it. Such was the dominance of Citi in the 1990s and early 2000s, that Indian private banks looking to grow in India went scouting for talent at the foreign lender, this banker, who spoke on condition of anonymity, said.Indeed, if you cast an ...