RBL, IDFC also in queue …
According to payment industry sources, HDFC Bank will not be able to participate in the race to buy Citibank’s card. Explain that HDFC has the largest share in the credit card business. In such a situation, due to the restrictions of adding new customers created by the Reserve Bank of India, they will not be able to join it. According to the information, many banks are very keen to buy Citibank’s credit card. RBL, IDFC can do more exercise to buy its credit card.
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The customer of Citibank will not make much difference, because the customers who buy this business will be connected to it. Now the bank has said that it will continue to provide services to the customers until a new bank acquires its retail banking business. Later the acquiring bank will provide services to the customers.
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Citibank has 2.5 million customers across the country
Please tell that Citibank has about 35 branches across the country. These include branches of cities like Lucknow, Ahmedabad, Aurangabad, Bengaluru, Chandigarh, Faridabad, Gurugram, Jaipur, Kochi, Kolkata, Mumbai, Nagpur, Nashik, New Delhi, Pune, Hyderabad and Surat. About 4 thousand people work in consumer business banking. The bank has around 25 lakh customers in the country.