Citi India Institutional Asset Book Crosses ₹1 Trillion Mark
· Business · Business Standard
Citi India has surpassed ₹1 trillion in its institutional asset book following its strategic exit from the consumer banking business in the country. The bank transitioned its focus toward institutional clients, including multinational corporations, financial institutions, and large local corporate groups. This shift follows the 2023 completion of the sale of its consumer banking franchise to Axis Bank. The institutional business now serves as the primary growth engine for the bank's operations in India. The bank continues to provide services such as treasury, trade, and corporate banking to its institutional client base.
Why it matters
The milestone confirms the success of Citi's pivot to a purely institutional model in India, focusing on high-value corporate and financial clients rather than retail customers.
Read the original report — Business Standard
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