Why Citibank joined a line of foreign banks leaving India - Scroll.in

A pioneer in the country’s credit cards space, Citi saw its outstanding credit cards decline from 26 lakh a year ago to 25 lakh by the end of February.

Mumbai-based Axis Bank is set to acquire Citigroups consumer business. The move follows the American banking giants exit from the country as part of a global strategy. On March 30, Axis Bank announc… [+2369 chars]

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