Question

    Citigroup Inc has planned to sell their Indian consumer businesses to the private lender ____ for  $1.6 billion.

    A Yes Bank Correct Answer Incorrect Answer
    B Axis Bank Correct Answer Incorrect Answer
    C HDFC Bank Correct Answer Incorrect Answer
    D IDBI Bank Correct Answer Incorrect Answer
    E Morgan Stanley Correct Answer Incorrect Answer

    Solution

    Citigroup and Axis Bank entered into a deal in which the citigroup will sell its Indian consumer businesses to the bank and will transfer about 3,600 Citi employees to Axis.

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