The deal was announced in March this year. Despite Citi losing market share on credit cards in India, Axis Bank says attrition of employees and customers in the business it was acquiring was within manageable limits.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/axis-bank-likely-to-pay-rs-12325-crore-to-citibank-in-jan-mar/articleshow/93863521.cms
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