We advise people on how to invest for future needs, such as their children's education and their own retirement, and help them buy securities such as stocks and bonds. We protect people's savings and help them make the purchases - from everyday transactions to buying a home - that improve the quality of their lives. We are Citi, the global bank - an institution connecting millions of people across hundreds of countries and cities. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. What You Can Expect From Us and What We Expect From OurselvesĬiti's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. It will continue to focus on wholesale business in India.Ĭiti India’s products and services are organized under two segments: Institutional Clients Group (ICG) and Global Consumer Banking (GCB).A Mission of Enabling Growth and Progress We believe our capital, investment dollars and other resources are better deployed against higher returning opportunities in wealth management and our institutional businesses in Asia”.įor the fiscal year ended March 31, 2020, Citibank India reported a Profit After Tax of Rs 4,918 crores.Īccording to reports, the bank is looking for a buyer for its India consumer business and there will be no impact on existing customers, staff or operations till the sale occurs. She added, “while the other 13 markets have excellent businesses, we don’t have the scale we need to compete. “Citigroup’s Institutional Clients Group will continue to serve clients in these markets, which remain important to Citi’s global network,” a statement from the company said.ĬEO Jane Fraser: “Let me be clear on one very important point: Citi will continue to invest behind and serve our institutional clients in these thirteen markets.” Citi intends to exit from its retail banking operations in thirteen markets across the two regions which include Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.
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