Citi exit offers up an attractive portfolio for Indian lenders to grab2 min read . Updated: 19 Apr 2021, 12:15 AM IST
- Smaller private banks that are keen to expand footprints may find Citibank’s portfolio a good buy
- Spends per card in Citibank’s credit card portfolio have remained 15-20% higher than its peers
Citibank’s India consumer retail business is up for grabs as the global lender has announced it will exit its consumer business in 13 countries. The Indian retail basket includes credit cards, deposit accounts, wealth management and its mortgage portfolio.
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