Axis Bank completes acquisition of Citibank's retail biz for Rs 11,603 cr
Axis Bank has completed the acquisition of Citibank's retail business in India which was announced first in March last year, for a final cash consideration of Rs 11,603 crore. The third-largest private sector bank said a total of 2.4 million Citi customers in the country have consented to bank with Axis Bank after the deal, as against 3 million at the time of announcing the deal. 96 per cent or 3,200 of the Citi employees have joined the bank now.
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