Axis Bank, one of India’s largest private sector banks, has completed the acquisition of Citibank’s consumer business in an accelerated time frame of within 7 months post receipt of CCI approval. The deal has been closed with Axis Bank paying a total purchase consideration (after customary & contractual adjustments) of INR 11,603 Cr* to Citibank…
Citi India has elevated Arjun Chowdhry as its consumer banking business head managing the domestic retail banking, wealth management, credit cards, loans and mortgages. The appointment is effective January 8, Citi India said in a statement. Arjun will join the Asia Consumer Leadership team to ensure alignment with global and regional priorities attracting the right…