WebMar 1, 2024 · The transaction is expected to result in a regulatory capital benefit of $1.4 billion, said Citi. Axis Bank's shares rose 2.5% on Wednesday. They have risen about 15% since the deal was announced ... WebNavigating and managing risk in an increasingly complex world. AXIS is an international specialty insurer and reinsurer. We have a global platform, expertise across diverse lines …
Citibank customers to become part of Axis Bank from March 1
WebMar 1, 2024 · Mumbai-headquartered Axis Bank has completed the acquisition of the India consumer business of the Citigroup-owned foreign bank Citibank for Rs 12,325 crore. The deal, announced in March 2024, will see India’s third largest private sector bank absorbing Citibank’s consumer businesses covering loans, credit cards, wealth management and … WebCover arranged by Axis Bank for its customers under Digit Illness Group Insurance Policy (UIN GODHLGP20142V011920). Participation to group insurance is voluntary. × . … dynamite september 2022 solicitations
Consent for transfer of Citi relationships to Axis Bank - Citibank
WebMar 30, 2024 · Axis Bank and Citibank today announced that their respective Boards of Directors have approved the acquisition of Citibank’s consumer businesses in India by Axis Bank. The acquisition is subject … WebApr 12, 2024 · Axis Bank CEO Amitabh Chaudhry, in an interview, said that acquiring Citibank was one of the most challenging times of his tenure at the bank and "called it a deal of a lifetime". "It is...not a difficult but [a very] complex deal," he added. Axis Bank completed the acquisition of Citibank India’s consumer business on March 1 for ₹11,603 ... WebOct 28, 2024 · Axis Bank expects to complete the acquisition of Citibank’s consumer business in India by the first or second quarter of the next calendar year. The bank in March had announced that it was acquiring … dynamite shaving foam