2017-08-16 :Citibank net profit rises by 12 per cent at Rs. 3,626 crore
Citibank has reported a 12 per cent increase in its net profit at Rs. 3,626 crore. Strong growth in net profit is due to improvements in net interest margins and rise in loan disbursements in India and abroad.
2017-07-19 :Citibank introduces a new offer on its semi fixed home loans
Citibank has announced a new offer on its semi fixed home loans. Under the scheme, the bank will offer a rate of 8.50 per cent on home loans to its salaried customers and a rate of 8.75 per cent to the self –employed. The offer is available for a limited time period till 31st July, 2018.
2017-07-19 :Citibank announces new offer on its mortgage loans
Citibank has announced a new offer on its mortgage loans. For the loan amount of up to Rs. 2 crore, the bank will offer the interest rate of 8.75 per cent while the rate of 8.50 per cent will be offered to the individuals for loans less than Rs. 2 crore. The offer is available for a limited time period till 31st July, 2018.
2017-07-08 :Citibank announces reduction in MCLR rates
Citibank has slashed its marginal cost of funds based lending rate (MCLR). For overnight and one month maturities, the rates have been revised to 8.10 per cent and for three month maturity the rates have been reduced to 8.15 per cent. While for six month and one year maturity period, the new MCLR rates have been finalized at 8.20 per cent and 8.15 per cent respectively. The new MCLR rates are effective from 7th July, 2017.
2017-07-05 :Citibank reports net profit at Rs. 3,626 crore in FY17
Citibank India has reported a growth of 12 per cent in its net profit at Rs. 3,626 crore during the fourth quarter of FY17. The profitability of the bank is due to increase in its loan disbursements and effective management of non-performing assets (NPAs) during the current financial year.
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