In today’s briefing:
- Citi’s Well-Off Retail Clients May Not Travel Meekly to Axis Bank
Citi’s Well-Off Retail Clients May Not Travel Meekly to Axis Bank
- Post announcement of the acquisition of Citibank India’s consumer finance unit, Axis Bank has outperformed the market
- However, Axis Bank shareholders need to be more cautious about whether the acquisition will deliver the returns that the market is expecting.
- Competitors who either did not bid or lost out in the acquisition are focusing on poaching Citibank’s premier customers.
Before it’s here, it’s on Smartkarma
