Axis Bank to acquire Citi’s India consumer business for $1.6 billion - The Indian Express

Axis Bank Citibank deal: Axis Bank will acquire the consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans.

Axis Bank will acquire Citi’s consumer businesses in India for a cash consideration of approximately $1.6 billion, Citi announced in a press release.The transaction comprises the sale of the consumer… [+3608 chars]

full article...