2017-09-14 :Citibank likely to shut down some India branches owing to less footfall
Citibank is planning to reduce the number of bank branches across the country. The bank has taken this decision due to fewer visits by the customers into the bank branches as customers have shifted to internet and innovative techniques for their making day to day transactions. Meanwhile the bank has plans to strengthen its loan against property segment.
2017-09-14 :Citibank India extends support to IDIA for empowering underprivileged scholars
In a bid to provide support to underprivileged scholars, Citibank has partnered with a non-profit organisation, IDIA. Under the arrangement, the bank will provide personal loans to the organisation to create legal luminaries and community leaders from within underprivileged sections of society.
2017-09-11 :Citibank revises MCLR rates
Citibank has reduced its marginal cost based lending rate (MCLR) across all tenors. For overnight and one month maturities, the rate has been revised to 7.85 per cent and 8.10 per cent respectively, while for three month and six month maturities the rate has been reduced to 8.10 per cent. The new MCLR rates are effective from 7th September, 2017.
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.
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