CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much amount has been committed by Citibank to support COVID-19 relief measures in India?
A
Rs.250 cr
B
Rs.130 cr
C
Rs.200 cr
D
Rs.150 cr
Explanation: 

Detailed explanation-1: -There is no impact to your account, Credit Cards, Personal Loans or any other Citi products. You can continue to use Citibank Online and mobile banking, CitiPhones and all other channels - we are keen to serve you.

Detailed explanation-2: -All the Citi Bank’s 21 branches in prime locations will be retained. All the 3, 600 employees working for the consumer banking business of Citi will be absorbed.

Detailed explanation-3: -Expect to close Citi deal by end of March 2023, says Axis Bank CEO | Mint.

Detailed explanation-4: -Some experts have blamed Indian banking’s bad-loan crisis. “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, ” Citigroup’s global CEO Jane Fraser had said last year.

There is 1 question to complete.