Citigroup Inc

NYSE:C   3:59:59 PM EDT
-0.07 (-0.13%)
4:40:54 PM EDT: $52.99 +0.29 (+0.55%)
Earnings Announcements, Mergers / Acquisitions

Axis Bank Ltd - To Buy Citigroup’S Consumer Business In India

Published: 03/30/2022 11:55 GMT
Citigroup Inc (C) - Axis Bank Ltd - to Buy Citigroup’s Consumer Business in India.
Axis Bank - Will Pay Consideration Upto 123.25 Billion Rupees to Citibank for the Acquisition.
Axis Bank - Acquisition of 3 Million Unique Customers of Citibank India.
Axis Bank - Valuable Addition of 1.11 Trln Rupees Aum From Citi Wealth & Private Banking Products.
Axis Bank Ltd - Axis Bank’s Cards Balance Sheet to Grow by 57% With an Additional About 2.5 Million Citibank Cards.
Axis Bank Ltd - Addition of Aggregate Deposits of 502 Bn Rupees, of Which 81% is Casa.
Axis Bank Ltd - Approximately 3600 In-scope Consumer Employees of Citibank Will Be Absorbed in Axis Bank.
Axis Bank - Post Acquisition, Bank Will Have 28.5 Mn Savings Accounts, and 10.6 Mn Cards.
Revenue is expected to be $18.22 Billion
Adjusted EPS is expected to be $1.63

Next Quarter Revenue Guidance is expected to be $18.06 Billion
Next Quarter EPS Guidance is expected to be $1.61

More details on our Analysts Page.