Citigroup to exit consumer banking operations in India, 12 other countries—Here is why
In a major developemnt, Citigroup has decided to exit from consumer banking operations in 13 countries, including India. The move is aimed at global restructuring to allocate resources in markets with scale and with this objctive, Citigroup is all set to exit consumer banking operations in India as well as 12 other countries.
Citi will focus its global consumer banking presence in Asia and EMEA on four wealth centres — Singapore, Hong Kong, the UAE and London. Source: Reuters