Citi to sell India consumer business to Axis Bank for $1.6 billion
Citigroup Inc said on Wednesday it would sell its Indian consumer businesses to private lender Axis Bank for $1.6 billion, as the U.S. bank exits retail operations in 13 markets.
Source: www.reuters.com
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BENGALURU (Reuters) - Citigroup Inc said on Wednesday it would sell its Indian consumer businesses to private lender Axis Bank for $1.6 billion, as the U.S. bank exits retail operations in 13 markets.
Reporting by Chris Thomas in Bengaluru; Editing by Maju Samuel
