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Axis pips Kotak, Indusind for Citi’s India consumer biz

Axis and Citi has signed an exclusivity agreement to hold bilateral negotiations as the Wall Street bank has already informed the others about their decision. Citi has been expecting around $2 billion from the sale as the US bank under CEO Jane Fraser has been looking to exit consumer banking in 13 countries, including India.

from Economic Times https://ift.tt/3GYVlXT

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