2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank acquired the Indian consumer banking businesses of Citibank?
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Axis Bank
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Yes Bank
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HDFC Bank
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ICICI Bank
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Explanation:
Detailed explanation-1: -Axis Bank-Citibank deal explained: Axis Bank is acquiring Citibank’s consumer businesses for Rs 12,325 crore.
Detailed explanation-2: -Axis Bank expects to complete the acquisition of Citibank’s consumer business in India by the first or second quarter of the next calendar year. The bank in March had announced that it was acquiring the consumer business of Citi India, including its credit card portfolio, for Rs 12,325 crore.
Detailed explanation-3: -As part of the deal, Axis Bank will acquire Citibank’s credit cards, retail banking, wealth management and other consumer-facing businesses.
There is 1 question to complete.