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Mutual fund distributors' commission rises by 9% in FY'14

Last Updated: Thursday, July 17, 2014, 15:03

According to latest data available with Association of Mutual Funds in India (AMFI), the total income earned by 329 distributors stood at Rs 2,572 crore.

Citi India Net up 6% at Rs 2,893 crore

Last Updated: Monday, July 07, 2014, 18:06

The New York-headquartered Citi's domestic unit recorded a pre-tax profit growth of 11.4 percent to Rs 5,113 crore in FY14, it said in a statement.

Want euros in London? Don’t ask your bank

Last Updated: Monday, July 07, 2014, 16:17

The exchange rates on the board are not even the best ones Sakthi and his colleagues give bigger or regular clients.

Citibank not keen on subsidiary route in India at this time

Last Updated: Thursday, April 10, 2014, 18:17

Citibank has said it is not keen on converting its branch operations in the country into wholly owned subsidiaries at this time even after incentives offered by the Reserve Bank of India.

Citibank to offer specialised health insurance services

Last Updated: Thursday, March 20, 2014, 18:49

Citibank India, a leading wealth management services provider, along with Apollo Munich will offer healthcare solutions to its affluent and high networth clients.

Citigroup earnings rise, miss expectations

Last Updated: Thursday, January 16, 2014, 21:36

Fourth-quarter profits came in at USD 2.7 billion on revenues of USD 17.8 billion, up from USD 1.2 billion on revenues of USD 17.9 billion.

Citibank scam: ED freezes Puri's assets worth Rs 5 cr

Last Updated: Monday, January 06, 2014, 23:06

The agency will also file a chargesheet in this case soon, sources said.

Global banks eye Iraq but questions remain

Last Updated: Sunday, July 21, 2013, 22:15

Interest by Citibank and Standard Chartered to expand into Iraq highlights the vast potential of the country's banking sector, but the experience of a global rival points to the many pitfalls they must navigate.

17 merchant bankers in race for IOC disinvestment

Last Updated: Sunday, July 07, 2013, 15:35

Citibank, Goldman Sachs and ICICI Securities are among 17 merchant bankers in the race to manage the sale of 10 percent of the government's stake in Indian Oil Corporation (IOC), which is valued at over Rs 4,300 crore.

Citibank India profit grows 41.4% to Rs 2,718 crore

Last Updated: Wednesday, July 03, 2013, 13:13

Citibank India on Wednesday reported a 41.4 percent rise in profit after tax for 2012-13 at Rs 2,718 crore.

Citibank brings in paperless payment system for cardholders

Last Updated: Monday, January 21, 2013, 13:59

Citibank India Monday announced a new paperless mobile payment system for all credit and debit card customers in India that would do away with the charge slips.

Citigroup to slash 11,000 jobs worldwide

Last Updated: Wednesday, December 05, 2012, 21:18

In a major restructuring exercise, global banking giant Citigroup on Wednesday announced that it will cut 11,000 jobs worldwide to save nearly USD 1.1 billion in expenses annually from 2014.