Citi India’s $2 billion retail business worth tops in Asia: Report

According to a report by the Australian bank, going by SBI Card’s valuation, Citi’s 2.7 million cards would imply a figure of $2.7 billion. “This is above the top end of our valuation… To the the extent that a single buyer is able to purchase multiple businesses at once, we would expect some sort of valuation discount in order to expedite Citi’s exit,” the report said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PmIERM