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Axis Bank to acquire Citibank’s India consumer business, NBFC consumer business

24 Feb 2023 Evaluate

Axis Bank has received approval to acquire Citibank’s India consumer business from Citibank N.A. and the NBFC consumer business from Citicorp Finance (India) (CFIL). The acquisition of both will be completed by March 1, 2023.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

Peers
Company Name CMP
HDFC Bank 759.95
ICICI Bank 1499.30
Axis Bank 1279.20
Kotak Mahindra Bank 467.45
Indusind Bank 911.00
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