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At a Glance - Citi in India
At a Glance - Citi in India

COMMITMENT TO INDIA

  • Established 107 years ago in Kolkata
  • Is the largest foreign direct investor in financial services in India with a total capital commitment of over USD 4 Billion in its onshore banking and financial services business, its principal and alternate investment program
  • As promoter-shareholder, Citi has played a leading role in establishing important market intermediaries with depositories, credit bureaus, clearing and payment institutions
  • Operates 42 full-service Citibank branches in 30 cities and over 450 ATMs across the country
  • Employer of choice to over 8,000 people and indirect employer to more than 20,000 others
  • Is the largest taxpayer in India among international financial institutions
  • Financial Strength: For the local accounting year ended March 31, 2009, Citibank N.A. India branch reported profit after tax of Rs. 2,173 crores as per the financials submitted to the Reserve Bank of India (20% increase versus previous year). Citi's India franchise also includes other non-bank and broking/capital market vehicles and principal investments

HELPING INDIA'S ECONOMY DEVELOP

  • Introducing new products/services to consumers:

    First Credit Card issuer in the country (1990)

    First to introduce biometric ATMs for microfinance customers (2006)

    First to introduce Transit Credit Card with Delhi Metro Citibank Card (2008)

    First to bring to India, the next-generation contactless Credit Card payments based on Near Field Communications technology with Citi Tap and Pay (2009)

  • Preferred banker to more than 40,000 small/mid-sized companies across India
  • Supporting the needs of Indian global companies:

    Advisor in the USD 810 Million sale of Axon Group to India's HCL, the largest outbound transaction in the technology sector by an Indian company to date

    Arranged ONGC Videsh's USD 1.1 Billion commercial paper issue, the largest local currency commercial paper transaction to date

  • Citi has been a pioneer in the Indian outsourcing industry

    Citigroup Global Services Limited (CGSL), which became one of the largest providers of BPO services in the Banking and Financial Services sector. In October 2008, Tata Consultancy Services acquired CGSL

    Citicorp Overseas Software Limited and Iflex Solutions Limited catering to Citi's system development needs. These laid the foundation of the Indian software industry catering to financial services. Since disinvested to Polaris Software Laboratories Limited and to Oracle Solutions Limited respectively