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Sunday, June 13, 2021



Explained: Why is CitiBank selling its India business, and what next for bank account holders?

April 22, 2021 9:14 am

Even as it has decided to sell off the retail accounts and credit cards business, the bank has indicated that there won’t be any layoffs or closure of offices in India.

Citibank gets in-principle nod to set up IFSC unit at GIFT City

September 14, 2020 5:49 pm

Fourteen banks have set up their IBUs in GIFT IFSC, making the cumulative business in banking vertical cross USD 28 billion.

Citigroup cites $900 million human error; lenders are puzzled

August 26, 2020 11:56 am

Citigroup has sued roughly a dozen firms seeking to recover the funds and secured court orders last week freezing an amount totaling more than half of what was accidentally sent pending the results of its lawsuits.

Citi’s $900 million ‘clerical error’ is worst Wall Street bungle in a long time

August 16, 2020 10:19 pm

The wayward transfer of nearly a billion dollars appears to be one of the biggest screw-ups on Wall Street in ages, and it’s set tongues wagging in financial markets. The question everyone is asking: how could this happen?

Citibank hikes interest rate on credit card outstandings

December 13, 2019 4:31 am

“As you know only if customers choose to pay less than the full amount of the monthly bill or does cash withdrawal transactions, interest rate for using the revolving facility applies,” it said.

Nomura exits, Citibank enters and domestic MFs stay put

July 09, 2018 3:00 am

On May 27, 2018 through a filing with the stock exchanges, Manpasand Beverages Ltd informed that the company’s statutory auditors have resigned with effect from May 26 and that the company has appointed a new auditor.

Citibank bans use of cards to buy cryptocurrencies

February 14, 2018 2:09 am

Bitcoin may lose 50 per cent of its value from its current level as fears over regulatory clamp-downs have spurred a rout among cryptocurrencies this week, Citi analysts said in a report.

Inflation hits 5-month high on rising prices of rice, vegetables

June 17, 2014 12:56 am

Threat of a weak monsoon may push prices up further; Interest rate cut hopes dim

Briefly Business: PepsiCo appoints ex-Nokia India CEO D Shivakumar as India head

December 10, 2013 2:25 am

Cabinet has fixed the start price for spectrum sale in 1800 MHz band at a pan-India rate of Rs 1,765 crore/MHz.

RBI fines 22 banks Rs 49 cr,including SBI,PNB,Yes Bank,warning for Citibank

July 15, 2013 2:42 pm

Other penalised banks include Deutsche Bank,ING Vysya Bank,Kotak Mahindra Bank.