Axis Bank completes acquisition of Citibank India's consumer businesses for Rs 11,603 crore, credit cards transition by July 15, 2024.
Axis Bank has completed its acquisition of Citibank India's consumer businesses and NBFC arm for Rs 11,603 crore. Citibank credit cards will transition to Axis by July 15, 2024, with no changes to card details, billing cycles, or statement generation. Nine Citi-branded cards will be rebranded under Axis Bank with new benefits, offering combined credit limits post-migration.
June 20, 2024
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