South Africa's FirstRand Bank to exit India after 12 years

The plan was to expand further, add more branches and also eventually become the third bank in India to start a wholly owned subsidiary after Singapore's DBS Bank and State Bank of Mauritius, but......

Why Citi is exiting India

The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!Manojit Saha reports. IMAGE: In India Citibank started the consumer banking business in 1985.......

S Africa's FirstRand eyes Indian banking sector

South African banking group FirstRand is firming up plans to make a foray into India once a framework for opening up the banking sector to new entrants is put in place, according to a media......

Citibank likely to hive off consumer banking business in India

In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer......