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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.

Citibank plans 'Cyber Monday' like e-shopping sale in India

Last Updated: Sunday, December 02, 2012, 13:28

India may soon have its own version of 'Cyber Monday', when billion-dollar worth products are sold online at heavy discounts within a day, with Citibank planning a similar mega e-shopping sale this week in India.

ED attaches assets worth Rs 20 crore in Citibank case

Last Updated: Monday, October 29, 2012, 23:39

The Enforcement Directorate has issued orders attaching assets worth about Rs 20 crore in connection with its money laundering probe in the Citibank Gurgaon fraud scam.

Citi launches securities lending service in India

Last Updated: Monday, October 08, 2012, 18:33

"In a global securities lending environment dominated by over-the-counter trading, this service will allow both Citi's domestic and offshore clients, for the first time, seamless market access to the anonymous exchange-traded central counter-party model prevalent in India," the bank said in a release.