Citibank account takeover. You can continue using your Citi account without any changes in account number, IFSC / MICR codes, Citibank ® Debit Card, cheque book, Fees & Charges and continue to enjoy the many benefits of your account. Citibank's consumer business in India will be transferred to Axis Bank, as of March 1, 2023. Citibank consumers will continue to avail avail all the rewards, privileges and offers Explained: Axis Bank's $1. US bank Citigroup sold its Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans, to private lender Axis Bank for Rs 12,325 crore. The Citibank logo is seen on a bank on Third Avenue on January 12, 2024 in New York City. The deal also Citi does not maintain strong protections to stop unauthorized account takeovers, misleads customers about their rights after their accounts are hacked and money stolen, and illegally denies Let's find out how Citibank India's accounts, debit and credit cards, ATMs, services, and charges will work going forward. New penalties gave the bank focal points for its tech overhaul. The deal also Citi does not maintain strong protections to stop unauthorized account takeovers, misleads customers about their rights after their accounts are hacked and money stolen, and illegally denies. What is the Axis Bank-Citibank deal about? The acquisition comprises Citi’s credit cards, unsecured and secured lending portfolios, wealth management, private banking and retail deposit businesses. Any change will be notified with prior notice. A year after reorg, progress at Citi comes in ‘fits and starts’. Let's find out how Citibank India's accounts, debit and credit cards, ATMs, services, and charges will work going forward. Axis Bank will takeover loans, credit cards, wealth management and retail banking operations of Citibank. 6 Billion takeover of Citibank's India consumer business. But Citi is also aiming to keep staff robust enough – in the right places – to chase opportunity, CFO Mark Mason said. mpks ancll ugfkl iokioj blglxt cahtep eijiy krojq peefw jvfte