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    Citibank to exit consumer banking business in India

    Business | April 15, 2021 20:00 IST

    The bank has 35 branches in the country and employs approximately 4,000 people in the consumer banking business.

  • RBI slaps Rs 4 crore penalty on Citibank for non-compliance of regulations

    RBI slaps Rs 4 crore penalty on Citibank for non-compliance of regulations

    Business | May 30, 2020 7:44 IST

    The Reserve Bank of India (RBI) has imposed a fine of Rs 4 crore on Citibank for non-compliance of regulations. In a statement issued on Friday, the RBI said the penalty has been imposed on Citibank N.A. for violation of banking regulations related to customer credentials.

  • Attention! Credit cardholders of this bank to pay more

    Attention! Credit cardholders of this bank to pay more interest rate from January 2020

    Business | December 16, 2019 15:01 IST

    Credit Card alert! Are you credit cardholder and not making outstanding payments on time? Then this news is for you. Citibank India has increased its credit card interest rate on revolving credit. The bank in its statement said that the revised interest rates applicable on the Citibank Credit Card account will be effective January 2020 statement. Citibank India has hiked the interest rate on credit card outstandings by up to 480 basis points from 37.2 per cent to 42 per cent per annum. This

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