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The Times of India
The Times of India
Business
PTI

Axis Bank completes acquisition of Citi's India consumer business in Rs 11,603-crore deal

Axis Bank Citi Axis India Citibank Citigroup New Delhi

NEW DELHI: Private sector lender Axis Bank on Wednesday announced that it has completed acquisition of Citibank's consumer business and non-banking financial company (NBFC) consumer business.

The bank paid Rs 11,603 crore for the acquisition announced last year in March. The sale excludes Citi's institutional client businesses in India.

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