Citibank to exit from consumer banking businesses in 13 countries including India as part of global strategy


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American banking major Citibank on Thursday announced that it will exit from the consumer banking business in India as part of a global strategy. The business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in the country and employs approximately 4,000 people in the consumer banking business. Citi had entered India in 1902 and started the consumer banking business in 1985.