Axis Bank set to buy Citigroup’s $2.5 billion India retail unit

An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the Reserve Bank of India, the people said, asking not to be identified as the information is private. The deal would include a cash component of less than $2 billion, accounting for the consumer business’s liabilities, the people said.

from Banking/Finance-Industry-Economic Times https://ift.tt/oItJj5A