Axis Bank to acquire Citi India’s retail assets for $2 billion

Axis Bank is the fourth-largest issuer of credit cards with a total base of 8.6 million cards. Its retail book is nearly Rs 4 lakh crore. On the other hand, Kotak has a card base of 3 million. Citi’s retail book is nearly Rs 68,000 crore, of which retail loans account for Rs 28,000 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/Sr02dhP