Citi-Axis Bank deal gets CCI approval

New Delhi, July 26 The Competition Commission of India (CCI) has approved Axis Bank’s proposed buyout of Citi’s consumer business in India. Under the deal worth Rs 12,325 crore, announced on March 30, Axis Bank would take over Citi’s credit...

PTI

Updated At : 01:23 PM Jul 27, 2022 IST

New Delhi, July 26

The Competition Commission of India (CCI) has approved Axis Bank’s proposed buyout of Citi’s consumer business in India. Under the deal worth Rs 12,325 crore, announced on March 30, Axis Bank would take over Citi’s credit cards, personal loans and wealth management businesses that are focused on the affluent segment.

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