Axis Bank Ltd.

BSE: 532215 | NSE: AXISBANK
Large Cap | Bank - Private
1342.50
-21.25 (-1.56%)
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Axis Bank to acquire Citibank’s India consumer business, NBFC consumer business

Date: 24-02-2023

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.