Axis Bank may soon become the third largest credit card player after HDFC Bank and SBI post the Citibank deal

Axis Bank is all set to acquire US-based Citibank’s consumer business in India for ₹12,325 crore. Axis Bank would benefit from Citibank’s mostly ultra high net worth customers in the credit card space, which would eventually make it the third largest player after HDFC Bank and SBI. Analysts say the deal would add 31% to …

Axis Bank may soon become the third largest credit card player after HDFC Bank and SBI post the Citibank deal Read More »