![]() However, the company will exit China, India, and 11 other retail markets, as per news agency AFP. Also Read: Got Vaccinated? Now, Avail Special Offer On Fixed Deposit From This Bank After COVID-19 Jab - Details HereĬitigroup will be focusing its global consumer banking business on four markets namely Singapore, Hong Kong, London, and the United Arab Emirates. According to global CEO Jane Fraser, the decision to close the business is influenced by the absence of scale to compete in these geographies. The bank will be exiting the consumer banking businesses in 13 countries. The company has been offering services in several areas including credit cards, retail banking, home loans, and wealth management. In a major development in the banking sector, American banking major Citibank Thursday announced exiting the consumer banking business in India as part of a global strategy.
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