Acquisition of Citi India's consumer business to boost Axis Bank's retail franchise: S&P

"We expect significant profitability improvements to only accrue from fiscal 2025 onwards as it will take time to complete the acquisition and integrate the assets. The acquisition is likely to be completed over the next nine to 12 months, while full integration will take another 18 months," the agency said in a statement.

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