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Today General Knowledge(GK)
Which bank announced to exit operations from India and 12 other countries?
A)
Nainital Bank
B)
Federal Bank
C)
DBS Bank
D)
Citi Bank

Correct Answer : Option (D) - Citi Bank



In a major developemnt, Citi group has decided to exit from consumer banking operations in 13 countries, including India. The move is aimed at global restructuring to allocate resources in markets with scale and with this objctive, Citi group is all set to exit consumer banking operations in India as well as 12 other countries.  
 
The affected businesses include the consumer franchises in India, Australia, Bahrain, China, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.

Published On : June 27, 2021
Category : Banking
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