5 lenders including HDFC Bank and Kotak in race for Citi India’s retail business


5 lenders including HDFC Bank and Kotak in race for Citi India’s retail business

Four top local lenders, including HDFC Bank and Kotak Mahindra Bank, and the Singapore-based DBS Bank have emerged as the top five contenders to take over Citi India’s estimated $2-billion retail business, highlighting the competitive intensity for a portfolio built around credit

Days after SBICAP Ventures Ltd, which is managing the government's Rs 25,000-crore special window fund to revive stalled housing projects signed an MoU with Court Receiver for infusing Rs 650 crore in six projects, the monitoring Committee appointed by the Supreme Court held a meeting with nationalised and private banks to discuss the financing for Amrapali Projects on Monday.


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