ADB, HSBC India sign a $100 million partial-guarantee program to promote micro loans
HSBC India will expand its lending to microfinance institutions and non-bank finance companies, with ADB will partially guarantee the loans. About 4 lakh borrowers can be supported through this initiative, HSBC said.
Citibank customers to continue availing rewards, privileges and offers: Axis Bank MDAnnouncing the Rs 12,325-crore deal to acquire Citigroup's India consumer banking business, Axis Bank managing director Amitabh Chaudhry said Citibank's customers will continue to avail all the rewards, privileges and offers to which they were previously entitled.
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