News > Citibank May Announce Sale Of Its India Consumer Business Today

Citibank May Announce Sale Of Its India Consumer Business Today

CNBC TV18 | 30/03/2022 03:07 PM | Click to read full article

Axis Bank is all set to acquire Citibank's India retail business, including banking, credit cards, home loans, and wealth management, and the deal announcement may happen today itself.

With the acquisition of Citibank’s India retail business, Axis Bank would get a greater footprint across India as well as a boost to its total credit card customers. As per data from Reserve Bank, in February, Axis Bank had an outstanding credit card base of 8.6 million.