Editorial photo #9665194 Economy, Business and Finance

Axis Bank Acquires Citi Bank Indias Consumer Business.

An Axis bank office as seen in Kolkata , India , on 28 February 2023 . Private sector lender Axis Bank on Thursday said that the deal to acquire Citibank's India's consumer business and NBFC business will be completed by tomorrow, 1 March 2023 , and customer transition will begin soon after. In April 2021, Citibank announced that it would be exiting the retail businesses, including credit cards, retail banking, consumer loans and many other such lines of business in 15 geographies in Asia and Europe, including India. (Photo by Debarchan Chatterjee/NurPhoto)