Business Standard

Monday, December 23, 2024 | 07:12 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Board of Axis Bank approves purchase of Citibank's consumer biz in India

Image

Capital Market

At meeting held on 30 March 2022

The Board of Axis Bank at its meeting held on 30 March 2022 has approved the purchase of the Citibank's India Consumer Business from Citibank N.A. (acting through its branch in India) (CBNA) and the NBFC Consumer Business from Citicorp Finance (India) (CFIL), as going concerns, without values being assigned to individual assets and liabilities to either business, subject to fulfilment of specific conditions and obtaining requisite approvals. Axis Bank has executed, inter alia, business transfer agreements with CBNA (CBNA BTA) and CFIL (CFIL BTA) on 30 March 2022.

Powered by Capital Market - Live News

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 30 2022 | 7:36 PM IST

Explore News