American banking major Citi has joined a long list of foreign banks that have either exited or cut down on their business presence in India with the sale of its consumer banking business to Axis Bank for Rs 12,325 crore.source https://economictimes.indiatimes.com/industry/banking/finance/banking/citi-joins-list-of-foreign-banks-scaling-down-india-ops-with-rs-12325-cr-arm-sale-to-axis-bank/articleshow/90558178.cms
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