Business Live: – The Hindu

The benchmark inventory indices opened the day on a Be part of us as we observe the highest enterprise information via the day.9:30 AMCiti to exit retail banking in India, ChinaCitigroup introduced it’s going to exit 13 worldwide shopper banking markets, shifting its focus to wealth administration and away from retail banking in locations the place it’s small.Citigroup will focus its international shopper banking enterprise on 4 markets: Singapore, Hong Kong, London and the UAE.However Citigroup will depart China, India and 11 different retail markets, the place “we don’t have the size we have to compete,” mentioned Citi chief govt Jane Fraser.

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