2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC Bank
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Axis Bank
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ICICI Bank
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Yes Bank
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Detailed explanation-1: -Notes: Axis Bank completed acquisition of Citigroup’s India consumer business for an overall consideration of ₹11, 603 crore. The Private sector lender completed acquisition of Citibank’s consumer business and non-banking financial company (NBFC) consumer business.
Detailed explanation-2: -Axis Bank has completed the acquisition of Citibank India’s consumer banking business effective March 01, 2023. As the bank undertakes the integration over the next 18 months, this period could mean a series of changes and transition for Citibank India’s customers as they become customers of Axis Bank.
Detailed explanation-3: -Private sector lender Axis Bank on Wednesday announced that it has completed the acquisition of Citigroup’s India consumer business from Citibank N.A. and NBFC consumer business from Citicorp Finance (India) Ltd.
Detailed explanation-4: -Axis Bank, India’s fourth-biggest private-sector lender by market value, Wednesday said it has completed the acquisition of Citibank India’s consumer businesses in India for a total consideration of ₹11, 603 crore.