Citi deal may be complete in May: Axis Bank MD & CEO Amitabh Chaudhry

In March 2022, Axis Bank said it would purchase Citi's retail business in a transaction worth Rs 12,235 crore

Axis Bank is trying to ensure the completion of its purchase of Citibank’s retail business by March 1 next year, but there is a possibility that the process could spill over to May, the domestic private lender’s MD, CEO Amitabh Chaudhry said.

“We’re still trying (for) March 1 very, very hard. There are some IT issues we need to sort out, we are keeping the RBI updated; all the work is going on. Citibank people are being talked to in terms of what jobs they will do in Axis, so that work has also started,” Chaudhry told reporters on the