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News
Citi
Citi News
Citi
18 Apr 2021
CitiBank exit: SBI, private banks eye Citi’s credit card business
Citi was once a market leader in India’s credit card business. Citi’s clientele mostly includes high net worth individuals (HNIs). SBI Card is seen as a major contender for Citi’s credit card business.
Flipkart
10 Aug 2017
SoftBank Vision Fund invest at least $2.5 billion in Flipkart, becomes largest shareholder in the firm
The investment is part of the previously announced financing round, where Flipkart had raised capital from China`s internet company Tencent, eBay and global technology giant Microsoft.
Paris
18 Apr 2017
Paris fast replacing Mauritius as tax haven: Report
Till March 31, Mauritius was the preferred location to carry out such business.
Citi
21 Nov 2016
Citi and JPMorgan top list of globally systemic banks, replaces HSBC
Citi has joined JPMorgan at the top of global regulators` list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.
Citigroup Inc
22 Jul 2015
Citi ordered to pay $770 million over credit card practices
Citigroup Inc`s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.
Citi
30 Jun 2015
Citi cuts base rate to 9.35%
Citi on Tuesday became the first overseas bank in India to lower base rate, which it slashed by 15 basis points to 9.35 percent, citing falling interest rates.
Citi
17 Apr 2015
Citi posts highest quarterly profit in 8 years as costs plunge
Citi has been slowly getting its house in order by cutting costs and shedding assets that are not critical to its main businesses. It has sold retail operations in many countries and shrunk its U.S. branch network.
Fiscal deficit
01 Feb 2015
Fiscal deficit target of 4.1% GDP likely to be met: Citi
The fiscal deficit target of 4.1 percent of GDP for 2014-15 is likely to be met though the fiscal trends are "weak", it said.
EY deals
06 Oct 2014
'EY tops in deal volume, Citi in value so far this year'
With closing 16 deals, EY has emerged as the busiest arranger in the merger and acquisitions space this year in the country, while Citi tops by value, according to data compiled by Mergermarket.
IRB Infrastructure
01 Sep 2014
IRB Infrastructure falls after Citi downgrade
Shares of IRB Infrastructure Developers Ltd fall after Citigroup downgraded the stock to "sell" from "buy".
Citi
26 Aug 2014
Citi, HSBC, UBS among 5 bankers to manage ONGC share sale
The government had last sold 5 percent stake in ONGC in 2012 for Rs 14,000 crore.
Citigroup
14 Jul 2014
Citigroup to pay $7 bn to settle US mortgage suits
The bank will take a USD 3.8 billion pre-tax charge to cover the settlement.
Citi
07 Jul 2014
Citi India Net up 6% at Rs 2,893 crore
The New York-headquartered Citi's domestic unit recorded a pre-tax profit growth of 11.4 percent to Rs 5,113 crore in FY14, it said in a statement.
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