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• Citi Bank

Citi Bank

Citibank is one of the foreign bank present in India making huge waves in banking and started operations in Kolkata. Citi group that runs this bank has encouraged development of IT, ITES, and manufacturing segment and making a mark in financial world. We are good in offering the customers to save, invest, borrow and rotate the money. We are good in Capital markets, Global markets, Securities and funds, Account services, Loans, Mortgages, Risk Management, Investment Banking, Trade and Customer retention.

History of Citibank

The Citibank is one of the private bank making huge waves in the world banking segment and founded on June 16, 1812 as the City Bank of New York.  It is a 200 years old establishment and there are more than 2649 branches in more than 20 nations and around 12000 ATM across the globe. In USA the branches are located in Washington, Los Angeles, New York, Chicago and San Francisco as well.

Citibank is excellent in offering amazing support in the field of Digital Wallet Support, Private Wealth, and other products like the Loans, Commercial Banking, Asset Management, Investment Banking, Extending the line of Credits and the Mortgages as well.

 We are the only bank in the world using the advanced technology like the Online Banking, ATM facility since the early times, before the service reached the asian nations.  The headquarters of Citibank is New York in USA and Barbara Desoir is the Chairman and Jane Fraser is the Chief Executive Officer. 

Subsidiaries of Citibank

 Citi Retail Services good in issuing the store credit cards for various companies like the Shell Oils, Exxon Mobil, Sears, Staples, Conoco Phillips and others. 

Banking Services offered by Citibank

• Fixed Deposits.
• Savings Account.
• Current Account.
• Citibank Bill Pay.
• Internet Banking.
• Prepaid Recharge.
• Recurring Deposits.
• Customised Cheques.
• Online Tax Remittance.
• Mobile Banking Services.
• Online Credit Card Payment.
• Statement Printing Services.
• Online Domestic Funds Transfer.
• Online Home Loan EMI Payment.
• Online Personal Loan EMI Payment.
• Remit funds overseas via Online Banking.

Loans and credit facilities provided by Citibank

There are various loans and the credit services offered by the Citibank and they are given below:

• Home Loan.
• Vehicle Loan.
• Personal Loan.
• Property Loan.
• Commercial Loan.
• Loan against Fixed Deposit.
• Loan for Construction Equipment.

Legal issues

• Citibank was the leading lender of the Dakota Access Pipeline Project and it was the center of controversy in 2016. There were tremendous backlash from local residents of North Dakota as it was causing a serious threat to the environment and impacting water supply reservoirs. They put lot of pressure on Citibank Group to make sure that there is no relation with the project.
• Citibank has been penalised twice in 2004 and 2009 by the Japanese Financial Services Agency for doing land grabbing and money laundering on behalf of the Yakuza,a huge organised crime syndicate. Citibank Japan also lost their business license because they were allowing Yakuza to do illegal transactions and corrupt activities.        

Citi Bank has 36 IFSC connected branches in India. Bank has branches in following states:

ANDHRA PRADESH
CHANDIGARH
DELHI
GUJARAT
HARYANA
KARNATAKA
KERALA
MAHARASHTRA
RAJASTHAN
TAMIL NADU
UTTAR PRADESH
WEST BENGAL