Five banks may bid for Citi's India consumer businesses
"While Citi's retail franchise remains excellent, the book has shrunk. It has lost significant market share and due to the exit plans, it has not been able to focus on enhancing the existing book and adding quality customers," said an official involved in the bidding process.
Motor insurance showing signs of recovery post-Covid: CARE RatingsThe agency expects motor insurance premiums to grow at around 6% to 8% driven by any increase in third party insurance rates and higher auto sales, the ratings agency said.
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