Citibank India is an Indian private sector bank headquartered in Mumbai, Maharashtra. It is a subsidiary of Citigroup, a multinational financial services corporation headquartered in New York City, United States. The Indian Headquarters are at Bandra Kurla Complex, a hub for multinational corporations in Mumbai.
History
Established in 1902 in Calcutta (Kolkata), Citibank has a long history in India. Currently, Citigroup, the owner of Citibank India, is the largest foreign direct investor in financial services in India with a total capital commitment of approximately US$4 Billion in its onshore banking and financial services business and its principal and alternate investment programmes.
It operates 44 full-service Citibank branches in 31 cities and over 700 ATMs across the country.
Citibank is an employer of about 7,500 people.
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Products and services
Citi offers consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.
Citi's franchise in India includes businesses such as equity brokerage, equities distribution, private banking (Citi Private Bank) and alternate investments and private equity (CVCI).
Sponsorship and charity
Citi Foundation, the global philanthropic arm of Citigroup, began its grant giving in India in 1999 to support economically disadvantaged families by way of enterprise development, youth education and livelihoods, financial capability and asset building, and microfinance. Citibank also sponsors awards, community programmes, charitable causes, and arts programmes and festivals.
Awards & Recognition
As of 2012, Citibank India has been recognised as the 'Best Consumer Internet Bank in India' by Global Finance four years in a row, and has received the 'Best Corporate/Institutional Internet Bank' Award for two years in a row.
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