Citi India’s $2bn retail biz worth tops in Asia: Report

Macquarie Research has valued Citibank’s India retail business at around $2bn, based on their Basel III disclosures in the country. This makes India the most valuable business among the 10 markets in the Asia-Pacific where Citi plans to exit consumer business. These 10 markets are collectively valued between $6.3 billion and $8 billion by Macquarie.

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