Citibank India

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Citibank India
Subsidiary of Citigroup
IndustryBanking
Financial services
Founded1902; 117 years ago (1902)
Headquarters,
Key people
  • Pramit Jhaveri
    (Vice-Chairman)[1]
  • Ashu Khullar
    (Chief Executive Officer)[2]
ProductsCredit Cards
Debit Cards
Loans
Investments
Assurance/Insurance
NRI Banking
Private Banking
OwnerCitigroup
Websitewww.online.citibank.co.in

Citibank India is the foreign bank in India with a full service onshore platform in the country. Its India headquarters is at Bandra Kurla Complex, Mumbai, Maharashtra. It is a subsidiary of Citigroup,[3] a multinational financial services corporation headquartered in New York City, United States. Citi India comprises investment banking, advisory and transaction services, capital markets, risk management solutions[buzzword], retail banking, and cards.

History[edit]

Established in 1902 in Calcutta (Kolkata), Citi India has a long history. Currently, Citigroup, the owner of Citi India, is one of the largest foreign direct investors in financial services in the country. Citi introduced early innovations to India such as the ATM, credit card, 24-hour phone banking, internet banking, and instant SMS alerts.

Citi India is backed by a network spanning 98 markets across the world. The bank serves close to 2.5 million customers ranging from corporate houses, multinationals operating in India, SMEs, self-employed entrepreneurs, households, and individuals.[citation needed]

Products and services[edit]

Citi India offers consumers and institutions a broad range of financial products and services, including consumer banking and credit; corporate and investment banking; institutional equity research and sales; foreign exchange; credit cards, commercial banking; and treasury and trade solutions. Citi India's balance sheet is considered among the best performing in the Indian banking industry, with a net NPA level of 0.55% as of March 31, 2018.

Digital Wallet Support[edit]

Citibank India only supports Samsung Pay, for their credit cards, not debit cards.[4]. Apple Pay, Google Pay or their own proprietary apps are not supported.

References[edit]

  1. ^ "Jhaveri is set to become the vice-chairman of Citi group's banking". thehindu. Retrieved 13 March 2019.
  2. ^ "Ashu Khullar named Citi India CEO". thehindu. Retrieved 13 March 2019.
  3. ^ "Citi | Asia Pacific | India". www.citigroup.com. Retrieved 21 January 2019.
  4. ^ "Samsung Pay - Citi India". www.online.citibank.co.in. Retrieved 21 April 2019.