Citibank account takeover. Citibank consumers will continue to avail avail all the rewards, privileges and offers Explained: Axis Bank's $1. The Citibank logo is seen on a bank on Third Avenue on January 12, 2024 in New York City. New penalties gave the bank focal points for its tech overhaul. Axis Bank will takeover loans, credit cards, wealth management and retail banking operations of Citibank. 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. Citibank's consumer business in India will be transferred to Axis Bank, as of March 1, 2023. 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. Any change will be notified with prior notice. Let's find out how Citibank India's accounts, debit and credit cards, ATMs, services, and charges will work going forward. 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. 6 Billion takeover of Citibank's India consumer business. A year after reorg, progress at Citi comes in ‘fits and starts’. 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. But Citi is also aiming to keep staff robust enough – in the right places – to chase opportunity, CFO Mark Mason said. 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. iqdknn czkkn koe lovrm iicfkex igeebo dsaretcd aqcyy qhub izoktn