Priority sector lending target for foreign banks raised to 40%

Last Updated: Friday, July 20, 2012, 21:01

Foreign lenders with large presence in India, like Citi Bank and StanChart, will have to follow the same priority sector lending norms as the Indian banks, RBI said on Friday.

Visa, MasterCard to pay $6 bn to settle ‘antitrust’ lawsuit

Last Updated: Saturday, July 14, 2012, 13:11

Major US banks as well as payment network giants Visa, Mastercard are set to shell out more than six billion dollars to settle a lawsuit brought by retailers who accused them of price fixing.

Citi India FY’12 net jumps 35% to Rs 1,922 cr

Last Updated: Tuesday, July 3, 2012, 22:55

US-based bank Citi India Tuesday reported nearly a 35 percent rise in its net profit at Rs 1,922 crore for the 2011-12 fiscal year, on the back of strong growth in commercial banking and mortgage businesses.

Global financial majors lower India growth prospects

Last Updated: Friday, June 1, 2012, 22:55

J P Morgan has also lowered the India's growth forecast for 2012-13 to 6.3 percent from 7.1 percent projected earlier.

Citibank India launches 'PremierMiles Credit Card'

Last Updated: Tuesday, May 22, 2012, 16:56

With this, Citibank has mutually agreed to exit its co-branded card partnership with Jet Airways, which was in existence from 1999, the foreign bank said.

Citi flexes some global might in first quarter

Last Updated: Tuesday, April 17, 2012, 09:29

Citigroup, which has 4,600 branches in 40 countries, boasts that it is the most global American bank. That reach paid off big time in the first three months of the year.

Sameer Kaul is private banking head at Citi

Last Updated: Monday, March 26, 2012, 16:09

Citi India on Monday appointed Sameer Kaul as the head of its private banking business.

Citibank to increase marketshare in 'emerging affluent' segment

Last Updated: Monday, March 5, 2012, 21:10

Global banking major Citibank Monday said it is targeting to increase its marketshare in the newly identified 'emerging affluent' segment from 10 to 15 percent.

Citi India appoints Anuranjita Kumar as Human Resources head

Last Updated: Thursday, February 23, 2012, 19:09

Citi India on Thursday said it has elevated Anuranjita Kumar as country Human Resources Officer.

Citigroup to exit HDFC, to sell stake for over $2 bn

Last Updated: Thursday, February 23, 2012, 17:52

Global banking major Citigroup is learned to have decided to offload its entire 9.8 percent stake in Indian mortgage major HDFC, valued at over USD 2 billion at current market prices.

Citigroup profit falls 11 percent, misses Street view

Last Updated: Wednesday, January 18, 2012, 00:03

This trend was also reflected last week in the results of JPMorgan Chase & Co.

Citi ups NRE deposit rates, DCB offers 10%

Last Updated: Friday, December 30, 2011, 18:06

Citibank on Friday became the first foreign lender to hike interest rates on NRE deposits in the wake of RBI deregulating interest rate offered on deposits by non-resident Indians early this month.