Citibank India’s $2 billion retail business worth tops in Asia, says new report | News – Times of India Videos

Citibank’s India retail business has been valued at around $2bn, based on their Basel III disclosures in the country. This makes India the most valuable business among the 10 markets in the Asia-Pacific for Citi. These 10 markets are collectively valued between $6.3 billion and $8 billion. Citi’s 2.7 million cards would imply a figure of $2.7 billion. A Citi official stated that the bank was looking to sell its entire operations in India in one go. Citi also announced its plans to exit consumer banking from the Philippines, Poland and Russia.