Axis Bank buys Citibank India's consumer businesses for $1.6 billion

The transaction comprises the sale of the consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans. The transaction is expected to close in the first half of calendar year 2023 subject to requisite regulatory approvals.

from Banking/Finance-Industry-Economic Times https://ift.tt/qIr3zJv