145;Citi strong enough to survive financial crisis146;

The firm is 8216;strong enough to withstand the current challenging environment8230; we have very strong revenue generating capabilities,8221; Pandit told the news channel.

Pointing out that Citi was foresighted to raise enough

capital, he said the banking major8217;s capital ratio is very strong.

8220;Our capital ratio today or rather at the end of Q2 was 8.7 per cent and the sale of German business added 9.3 per cent8230; where we stood at the end of the second quarter on a proforma basis,8221; Pandit noted.

To tackle the financial upheaval, the Bush administration is pushing for a USD 700 billion worth bailout package for American financial institutions in the US Congress.

Further, the crisis has seen the battering of some big names on the Wall Street including Lehman Brothers, which filed for bankruptcy last week, and the country8217;s largest insurer American International Group.

In a move to rescue AIG, the US Federal Reserve has provided a mega two-year revolving credit facility worth USD 85 billion to the company.

Further, investment banking major Merrill Lynch was snapped up by Bank of America for about USD 50 billion. Two other leading investment banks 8212; Goldman Sachs and Morgan Stanley have become bank holding companies, coming under the direct purview of US Fed.