Citigroup's Asia retail units may draw bids from DBS, StanChart
Business Standard|October 21, 2021
DBS Group Holdings Ltd. and Standard Chartered Plc are among the lenders planning to bid for Citigroup Inc. consumer banking assets in Asia as the US lender divests units across five markets in the region, according to people familiar with the matter.
MANUEL BAIGORRI, CHANYAPORN CHANJAROEN & NABILA AHMED
Citigroup's Asia retail units may draw bids from DBS, StanChart

Binding bids for Citigroup's retail assets in Indonesia, the Philippines, Taiwan and Thailand are due on Friday, while offers for the India unit while offers for the India unit are due next week, said the people, who asked not to be identified because the information is confidential.

This story is from the October 21, 2021 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the October 21, 2021 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Cargo captain
Business Standard

Cargo captain

Shetty, the logistics leader who lives where Rajesh Khanna once did, takes DEV CHATTERJEE through his life that started at the docks, with some cinematic stopovers

time-read
6 mins  |
April 20, 2024
Infosys slumps to 5-mth low on modest guidance
Business Standard

Infosys slumps to 5-mth low on modest guidance

Firm expects BFSI to recover, which could be a key catalyst for revenue growth

time-read
2 mins  |
April 20, 2024
Business Standard

Sebi proposes special call auction for price discovery of holdcos

The Securities and Exchange Board of India (Sebi) on Friday proposed a new framework for price discovery of listed investment holding companies (holdcos) to address the gap between their traded price and book value.

time-read
1 min  |
April 20, 2024
Business Standard

Motilal Oswal shares soar on bonus proposal

Shares of Motilal Oswal Financial Services (MOFSL) surged more than 7 per cent on Friday after the brokerage firm said its board was considering a bonus issue.

time-read
1 min  |
April 20, 2024
Business Standard

enchmark indices snap four-day losing streak

Equity benchmark indices snapped their four-day losing streak to end Friday's session higher amid some short covering and a surge in index heavyweight HDFC Bank.

time-read
1 min  |
April 20, 2024
Business Standard

₹ hits new intraday low, bond yields surge

The rupee hit a new intraday low of 83.57 against the US dollar on Friday as geopolitical tensions escalated in West Asia but pared losses after Iran downplayed the impact of an Israeli missile attack.

time-read
1 min  |
April 20, 2024
Business Standard

HDFC AMC profit jumps 37% in FY24

HDFC Asset Management Company (AMC) on Friday reported a 37 per cent jump in net profit at 1,943 crore for the financial year 20232024 (FY24).

time-read
1 min  |
April 20, 2024
Business Standard

Vi FPO subscribed 49% on Day 2

The follow-on public offering (FPO) of Vodafone Idea (VIL) saw 49 per cent subscription on Friday, a day before its close.

time-read
2 mins  |
April 20, 2024
HDFC Bank shares gain ahead of results
Business Standard

HDFC Bank shares gain ahead of results

Increase in FPI legroom seen as key trigger

time-read
2 mins  |
April 20, 2024
Business Standard

MFs pare exposure to banks, NBFCs in fourth quarter

This comes amid persistent margin pressure, regulatory issues

time-read
2 mins  |
April 20, 2024