Why Citibank is losing sleep over the deal with Axis Bank
Clawback clauses may see the foreign bank get much less than the $1.6 billion agreed upon, given the steady erosion in its customer base and revenues.
June 13, 2022•13 min
0
June 13, 2022•13 min
0

More in Business
Business
B.R. Shetty gets called out in Dubai for lying under oath
A Dubai court’s verdict against the disgraced NMC founder, XPANCEO’s new, expanded laboratory and other headlines from the week.
You may also like
Economy
What does the RBI’s new rule mean for corporate acquisitions?
Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.
Business
The rot at HDFC Bank’s Dubai branch goes deep
The AT1 bond misselling allegations shine a light on the lack of oversight and may end up costing India’s largest private bank dearly.
Internet
Keeta lands in the Emirates with a bang
An impending shake-up of food delivery, HDFC Bank’s foreign troubles and Saudi Arabia’s rent freeze.