How is citibank doing in 2017

ET Secure IT. Citibank to focus on institutional banking in India, to offer lease rental discounting LRD is a globally popular credit instrument offered against rental receipts.

Citi consumer business sale: Kotak Mahindra, Axis and IndusInd submit bids Citi is expected to start bilateral negotiations and announce a formal winner in the next one-two months. All News Videos Photos. Post pandemic, customers find EMIs affordable: Ezetap Buying ability of consumers across the country has been significantly reduced due to the pandemic.

India's ban on Mastercard to hit banks' card operations, income: Sources Though existing customers will not be hit, business impact will be significant as banks need to sign new commercial deals with rival networks such as Visa, a process that can take months and involve weeks of back-end technology integration, five payment and banking executives said.

DBS looks to Lakshmi Vilas Bank customers to widen deposit, lending base CEO Surojit Shome said the bank plans to expand retail assets led by loan against gold and loans to small businesses that are currently serviced by LVB's branches.

Telcos double corporate SMS rates for overseas entities Foreign enterprises may resort to alternatives such as in-app notifications, emails and WhatsApp Business Messaging, but telcos will still earn higher revenue as mission-critical messages like one-time passwords require sending an SMS, said the executives. Citibank announces additional Rs cr aid for COVID relief efforts in India, Wells Fargo to donate USD 3 million Citi said the immediate support of Rs 75 crore will focus on procurement of oxygen supplies, adding beds to hospitals, diagnostic testing systems, personal protection kits and other supplies for India's frontline healthcare workers.

Local lenders lead race to buy parts of Citi's India business Citibank's consumer banking business houses three relevant businesses namely, credit cards, wealth management and mortgages the bank may sell all these businesses separately as a portfolio sale, Macquarie analyst Suresh Ganapathy said in a report.

Citibank to exit retail banking in India under global plan The consumer banking business comprises credit cards, retail banking, home loans and wealth management.

Former Citibanker, top executive from Bharti Enterprise are among banking license applicants Former Citibanker Pankaj Vaish and Bharti Enterprises vice-chairman Akhil Kumar Gupta are believed to be among the applicants for universal bank and small finance bank licenses more.

Citigroup to focus on corporate and institutional banking business in India Citi started retail operations in India in and was among the pioneers of credit cards in the country. Citibank to exit 13 global consumer banking markets, including India and China Citigroup announced Thursday it will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in places where it is small.

To capitalise on India, you must be entrenched, says Piyush Gupta of DBS Bank "When we raised our hands to subsidiarise in India, a lot of people asked how come you want to subsidiarise when nobody has done.

Reshape Tomorrow Tomorrow is different. Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. Citibank to focus on institutional banking in India, to offer lease rental discounting LRD is a globally popular credit instrument offered against rental receipts.

Citibank to exit retail banking in India under global plan The consumer banking business comprises credit cards, retail banking, home loans and wealth management. All News Videos Photos. Local lenders lead race to buy parts of Citi's India business Citibank's consumer banking business houses three relevant businesses namely, credit cards, wealth management and mortgages the bank may sell all these businesses separately as a portfolio sale, Macquarie analyst Suresh Ganapathy said in a report.

Bad bank is a great initiative but can turn into an accounting gimmick unless foreign investors are brought in: K Balasubramanian, Citibank India Bad bank is a great initiative and much needed for the country, with most public sector banks carrying a high level of non-performing loans.

Coronavirus impact: Banks take emergency steps to reduce disruption Axis Bank has invoked its emergency business continuity plan BCP and asked two-thirds of employees in its headquarters to work from home. Monetary policy can't solve structural problems, it can only address cyclical shocks: Viral Acharya Financial stability is a pre-requisite for money policy to get transmitted to real economy, he said. RBI slaps Rs 3 crore penalty on Citibank India The penalty was based on shortcomings in regulatory compliance and does not question the validity of any transaction the bank entered with its customers, RBI said.

Welspun India MD Mandawewala buys penthouse in Prabhadevi for Rs crore Apartment, spread over 18k sq ft in Wadhwa project, has been sold as a bare-shell luxury pad more. Citi's Markets and Securities Services business provides world-class financial products and services as diverse as the needs of the thousands of corporations, institutions, governments and investors that Citi serves.

Citi works to enrich the relationships, products and technology that define its market-making presence. The global breadth, product depth and strength of Citi's sales and trading, distribution and research capabilities span a broad range of asset classes, currencies, sectors and products, including equities, commodities, credit, foreign exchange, emerging markets, G10 rates, municipals, prime, futures and securities services businesses, providing customized solutions that support the diverse investment and transaction strategies of investors and intermediaries worldwide.

Citi ranked first in Fixed Income Market Share globally for the third consecutive year according to Greenwich Associates' annual benchmarking study.

With a global fixed income market share topping 10 percent, Citi has grown its share more than any other sell-side firm over the last 10 years. Citi's leading market position is driven by its strength in Global Credit and Global Rates, ranked 1, respectively, along with the top spot in Municipal Bonds.

Awarded Best Global Digital Bank by Euromoney in , Citi's digital mindset has never broken from the path of progress. Throughout , we invested in the digital ecosystem to further enhance the client experience, sales trading and analytics capabilities and productivity. Citi is one of the leading dealers engaged in actively identifying, evaluating and investing in FinTech firms and deploying innovations across all capital markets asset classes.

In Business Intelligence and Big Data Analytics, several leading data capabilities — including Velocity Clarity — went live using natural language processing, and investments were made in blockchain technology. Citi secured the top spot as the nation's 1 Affordable Housing Lender for the seventh consecutive year, according to Affordable Housing Finance magazine, for its commitment to projects such as Draper Hall, a former nurses' dormitory in East Harlem that was made over to include access to services and open space, providing units of affordable housing for seniors.

A, illustrating Citi's deep, long-standing commitment to diversity and inclusion and to the growth and success of women, minority and veteran-owned businesses.

The funds raised will be shared equally among seven educationfocused non-profits and will contribute to several key initiatives supporting youth education and improving literacy globally. Citi Private Bank is dedicated to serving the world's wealthiest individuals and families. Private Bank clients enjoy an entirely customized experience with access to a comprehensive range of products and services. Its exclusive Global Client Service facilitates clients' growing appetite for global financial assets by leveraging Citi's offices and capabilities worldwide, allowing our clients to open accounts across the globe with dedicated local bankers who, together, will work as one united team to provide a seamless cross-border service.

This translates into tailored advice, competitive pricing and timely execution for their capital markets needs, financing and refinancing in both commercial and residential real estate globally, and access to Citi's Corporate and Investment Bank locally for business activities in their respective region.

With more than a thousand Family Office clients around the world, Citi Private Bank's teams understand the challenges that families and family office executives regularly face: serving family offices of varying size and complexity, executing multi-disciplinary strategies based upon each client's requirements, working with each family to create a strategy to help meet the family's unique objectives, and combining the personalized service of a private bank with sophisticated cross-border strategies that are typically reserved for major institutions.

Citi frequently serves clients with family members, businesses and foundations that span multiple geographies around the world, and regional client teams work with a small number of Family Office clients in order to ensure high levels of service. This extensive offering includes brokerage, investment management, lending, banking, trust, custody, and a wide range of corporate advisory and financing services.

Citi was granted a license by the Capital Market Authority in Saudi Arabia that will enable the bank to provide a full range of investment banking, debt and equity capital markets, and securities research services to local and international institutional clients.

Citi Private Bank has deep experience with the transition of personal wealth following significant liquidity events, and our partnership with other businesses in ICG enables its shared clients to seamlessly manage both their business and private financial interests. Citi is committed to objective advice and a truly open architecture investment platform, and with access to global capital markets, cash management, lending solutions, wealth planning and trust services, we can meet the needs of the world's most sophisticated clients.

In , Citi hosted Private Bank client events in Cambridge, Florence, New York, San Francisco and Shanghai, among others, on topics ranging from disruptive technology to family office management and planning to renaissance art. Citi's Treasury and Trade Solutions TTS business provides integrated cash management and trade finance services to multinational corporations, financial institutions and public sector organizations around the globe.

With the industry's most comprehensive suite of digital-enabled platforms, tools and analytics, TTS leads the way in delivering innovative and tailored solutions to clients. Offerings include payments, receivables, liquidity management and investment services, working capital solutions, commercial card programs and trade finance.

Based on the belief that client experience is the driver of sustainable differentiation, TTS has focused its efforts on transforming its business to deliver a seamless, endto-end client experience through the development of its capabilities, client advocacy, network management and service delivery across the entire organization.

In , TTS improved the efficiency of its global network by launching APIdriven connectivity services and global solutions for payments and receivables. Partnering with Nasdaq, Citi participated in a pioneering blockchain and global banking integration that enabled straight-through payment processing and automated reconciliation by using a distributed ledger to manage payment instructions.

This collaboration created a solution that integrates blockchain technology with Citi's global networkleveraging API technology. TTS continues building integrated global solutions to optimize its global payments network in an efficient and consistent manner. These solutions offer clients the ability to participate in commerce in new markets, through low-cost payment options delivered through digital channels.

Citi expanded the global reach of its services to support the growing needs of corporations to receive and initiate payments. Citi Payer ID was launched in 17 new markets across North America and Western Europe, making it now available in 44 countries to allow institutional clients to manage their working capital with greater efficiency. Our Trade business continues to help our clients with various strategies to optimize their working capital around the globe.

In addition, we continue to drive innovation in our back office using optical character recognition to drive efficiencies and enhance our client experience. Citi is committed to driving positive economic and social impacts by deploying the resources and strengths of our core business and operations. The Citi Foundation supports programs in its target focus areas that help promote economic progress and improve the lives of people in low-income communities around the world.

We continually look for ways to more effectively achieve our mission of enabling growth and progress by serving as collaborative problem solvers in addressing social and environmental challenges that impact our work today and for future generations. We believe this approach to corporate citizenship is fundamental to the long-term success of the communities where we operate, our clients and our own company.

Our impact and reach would not be possible without the commitment, expertise and resources of partner organizations — from our clients and suppliers to non-governmental organizations, the public sector and other stakeholders.

These partnerships enable us to understand and stay on top of the changing social and economic landscape globally and, together, identify and implement solutions that help address the world's toughest challenges. Many of these challenges — including achieving financial security for low-income communities, tackling youth unemployment and combating climate change — are aligned with the Sustainable Development Goals SDGs , the Agenda for Sustainable Development adopted by the Member States of the United Nations in As a global bank, Citi believes it is important to take a leading role in contributing to the SDGs.

The world of work continues to evolve at a rapid pace. The changing job landscape, coupled with a persistently high youth unemployment rate, requires young people to have the power skills necessary — like communications, networking and problem-solving experiences — to compete within high-growth fields, including technology and healthcare.

Through Pathways to Progress, Citi and the Citi Foundation are connecting young people to jobs, financial education and leadership opportunities that prepare them for a 21st century job market. Additionally, we are leveraging the time and talents of 10, Citi volunteers to act as mentors and coaches who can provide guidance to help young people move toward their career goals.

Together with our nonprofit partners across the globe, we have reached more than , young people in and helped them gain employability skills and connect to new or first job opportunities. Over 3, Citi employees have volunteered to support the economic aspirations of young people globally. The Citi Foundation is committed to supporting the operationalization of the International Labour Organization's Global Initiative and to report the outcomes of its work and how it contributes to the provision of decent jobs for youth.

Mery had a degree in computer and information sciences but was unable to secure a job in the tech industry. She was then recruited by Laboratoria, a nonprofit organization that trains young women in Lima, Peru to become web developers. After excelling in her pre-admission classes and using the knowledge she acquired during the program, Mery secured a full-time job as a front-end developer. She is currently building a web platform that will allow companies to post job opportunities exclusively for Laboratoria graduates.

Local governments and community organizations are often on the front line of complex challenges like strained infrastructure, affordable housing shortages and unemployment, particularly in low-income areas. But local leaders, in both the public and nonprofit sectors, are continually facing budget and resource shortages. Increased collaboration and investment in innovative, efficient solutions can help address old problems in new ways. Some of these efforts include supporting integral parts of a thriving community, including small businesses and affordable housing.

To further test new ways to drive sustainable growth while increasing economic opportunity for lower-income residents, the Citi Foundation's City Accelerator program, in partnership with Living Cities, has worked directly with 17 municipalities in the U. For example, the city of San Francisco used its City Accelerator support to develop a financing plan to reinforce the city's coastal seawall, which protects vital public transportation assets and land designated for affordable housing on a parcel adjacent to the Port of San Francisco.

Participation in the City Accelerator program resulted in a crossdepartmental partnership that worked to successfully include the seawall project in the city's year capital plan and secure millions of capital funding dollars. Department of the Treasury, and actions that Citigroup may take.

Citigroup's tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see Appendix E. For a reconciliation of these measures to reported results, see Appendix B.

The fixed premium costs of these hedges are netted against the corporate lending revenues to reflect the cost of credit protection. Please be advised that this site is not optimized for use with Microsoft Internet Explorer 6.

For Immediate Release. Fourth Quarter Results and Key Metrics. More ways to get Citi news Get the app for Android.