Web2 hours ago · Currently, the bank offers interest rates on deposits with maturities ranging from 7 days to 10 years. After the hike, the bank currently provides interest rates between 4% to 8.50% for the ... WebApr 11, 2024 · Amitabh Chaudhry, MD and CEO of Axis Bank, on Tuesday said that the Citibank acquisition was one of the most challenging tasks he carried out in his current tenure. In a candid interview with Nikunj Dalmia, Managing Editor, ET NOW, Chaudhry also spoke about his favourite banking stock.

Axis Bank Completes Acquisition Of Citibank Businesses: What It Means

WebFeb 23, 2024 · This means by March 1, all the customers, employees and assets of the Citi will be transferred to Axis. Private sector lender Axis Bank has informed the stock exchanges that the deal to acquire … WebMar 31, 2024 · Axis Bank acquires Citi's consumer business in India for $1.6 bn. On 30th March, Axis Bank, India’s third-largest private sector lender, snapped up Citibank's … christmas scented candles diy

FAQs on Citibank Axis Bank Transition

WebJul 25, 2024 · In March, Axis Bank acquired Citibank's India consumer business for $1.6 billion in an all-cash deal. The transaction comprised the sale of consumer banking businesses of Citibank India, which ... WebMar 1, 2024 · The deal was closed at a slightly lower sum of 116.03 billion rupees ($1.41 billion) due to Citi's customer attrition and a fall in deposit base, Subrat Mohanty, Axis … WebAug 4, 2024 · Axis Bank would acquire around 1.2 million retail customers of Citibank India, including 40,000 wealth and private banking clients, which would help it enhance … get involved with someone meaning