Global banks eye Iraq but questions remain

Last Updated: Sunday, July 21, 2013, 22:15

Interest by Citibank and Standard Chartered to expand into Iraq highlights the vast potential of the country's banking sector, but the experience of a global rival points to the many pitfalls they must navigate.

17 merchant bankers in race for IOC disinvestment

Last Updated: Sunday, July 7, 2013, 15:35

Citibank, Goldman Sachs and ICICI Securities are among 17 merchant bankers in the race to manage the sale of 10 percent of the government's stake in Indian Oil Corporation (IOC), which is valued at over Rs 4,300 crore.

Citibank India profit grows 41.4% to Rs 2,718 crore

Last Updated: Wednesday, July 3, 2013, 13:13

Citibank India on Wednesday reported a 41.4 percent rise in profit after tax for 2012-13 at Rs 2,718 crore.

Novartis appoints Citigroup as broker for Indian co share sale

Last Updated: Thursday, May 9, 2013, 15:09

Drug major Novartis India Thursday said its Swiss promoter Novartis AG has appointed Citigroup Capital Markets as the broker for the proposed share sale to reduce stake in the Indian entity.

Indian Bank, OBC, Citi cut lending rates by up to 0.3%

Last Updated: Monday, February 4, 2013, 22:06

"This is to inform that the bank has reduced base rate from 10.40 percent to 10.25 percent effective from February 25, 2013," OBC said in a statement.

Citibank brings in paperless payment system for cardholders

Last Updated: Monday, January 21, 2013, 13:59

Citibank India Monday announced a new paperless mobile payment system for all credit and debit card customers in India that would do away with the charge slips.

Citigroup to slash 11,000 jobs worldwide

Last Updated: Wednesday, December 5, 2012, 21:18

In a major restructuring exercise, global banking giant Citigroup on Wednesday announced that it will cut 11,000 jobs worldwide to save nearly USD 1.1 billion in expenses annually from 2014.

Citibank plans 'Cyber Monday' like e-shopping sale in India

Last Updated: Sunday, December 2, 2012, 13:28

India may soon have its own version of 'Cyber Monday', when billion-dollar worth products are sold online at heavy discounts within a day, with Citibank planning a similar mega e-shopping sale this week in India.

ED attaches assets worth Rs 20 crore in Citibank case

Last Updated: Monday, October 29, 2012, 23:39

The Enforcement Directorate has issued orders attaching assets worth about Rs 20 crore in connection with its money laundering probe in the Citibank Gurgaon fraud scam.

Citi launches securities lending service in India

Last Updated: Monday, October 8, 2012, 18:33

"In a global securities lending environment dominated by over-the-counter trading, this service will allow both Citi's domestic and offshore clients, for the first time, seamless market access to the anonymous exchange-traded central counter-party model prevalent in India," the bank said in a release.

Citi Bank official to pay Rs 15L for leak of account details

Last Updated: Monday, October 8, 2012, 16:03

A Citi Bank branch manager here has been ordered by the Delhi State Consumer Commission to pay Rs 15 lakh as compensation to a credit card holder for leaking his account details to a third party.

Seven banks among top-ten MF commission earners

Last Updated: Sunday, October 7, 2012, 16:48

As per the latest disclosure of commission and expenses paid by various fund houses to their distributors, HSBC, HDFC Bank and Citibank top the chart for the last fiscal ended March 31, 2012.