New Delhi/New York, April 16 -- In a global restructuring to allocate resources in markets with scale, Citigroup will exit consumer banking operations in India as well as 12 other countries.
The multinational investment bank headquartered in New York on Thursday announced strategic actions in the global consumer banking segment as part of an ongoing strategic review, which will allow Citi to direct investments and resources to the businesses where it has greatest scale and growth potential.
The announcement was made as Citigroup reported its first quarter results.
Citi will focus its global consumer banking presence in Asia and EMEA on four wealth centres - Singapore, Hong Kong, the UAE and London. As a result, Citi intends to pursue exi...