Citibank and axis bank deal
WebMar 31, 2024 · Macquarie said Axis Bank trades at 1.8 times FY23 price to book value and that it is neutral on the stock with a target of Rs 790. NEW DELHI: Brokerages are largely positive on Axis Bank 's acquisition of Citibank's consumer business for $1.6 billion, as the deal is sealed at less than $2 billion value that some reports suggested earlier and ... 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.
Citibank and axis bank deal
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WebMar 1, 2024 · Express News Service. MUMBAI: With Axis Bank expected to complete the deal to acquire Citibank India’s consumer business on Wednesday, thousands of Citi’s … WebApr 1, 2024 · The bank's shares outlook is also positive post the Citibank deal. (MINT_PRINT) The proposed acquisition positions Axis Bank strongly for accelerated premium market share growth in India. This ...
WebMar 1, 2024 · The deal includes Citi's lucrative credit cards business, with around 2.5 million cardholders, which will enhance Axis Bank’s credit card customer base by around 31%. The bank's cards balance sheet will grow by 57% after the acquisition, making it one of the top three card businesses in the country. WebMar 30, 2024 · Mumbai – Citi today announced that it has reached an agreement with Axis Bank Limited (Axis) for the sale of Citi's consumer businesses in India. Axis was …
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 … WebJul 27, 2024 · As the Axis Bank-Citi deal has got approval from the Competition Commission of India (CCI), the amalgamation has moved an inch towards merger reality. …
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 30, 2024 · Acquisition of ~3 million unique customers of Citibank India to enhance Axis Bank’s presence in the key identified growth segments. Axis Bank’s Cards balance sheet to grow by 57% with an … react useref on elementWebMar 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 … react useref scrollintoviewhow to stop a puppy from gulping foodWebMar 28, 2024 · SBI Cards and Axis Bank, the latter fresh with its acquisition of Citi's credit card portfolio, showed improvement in the card market share that stood at 19.8% and 11.7%, respectively, at the end of February. Cards in force market share for HDFC Bank and ICICI Bank marginally declined to 20.8% and 16.5%, respectively, in February. react useref set valueWebMar 1, 2024 · Axis Bank said on Wednesday that it has completed its acquisition of Citibank's India consumer and non-banking finance businesses. The deal, announced in … react useref scrollleftWebMar 30, 2024 · Post the acquisition of approximately 30 lakh unique customers of Citibank India, Axis Bank will have approximately 2.85 crore savings accounts, over 2.3 lakh … react useref queryselectorWebApr 12, 2024 · Citibank FD rates are currently in the range of 3.50% to 7.26% for normal investors, and up to 8.01% for senior citizen depositors. On March 1, 2024, Citi India transferred ownership of its consumer banking business to Axis Bank, and its fixed deposits are now being managed by the latter. how to stop a puppy from chasing cars