Citibank likely to hive off consumer banking business in India

[Business-Standard]( Daily Newsletter 1 March 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 49099.99 (-1939.32) [NIFTY]( 14529.15 (-568.20) GOLD (MCX 10 GM) 45767.00 (-474.00) SILVER (MCX 1 KG) 67475.00 (-1801.00) USD ($) / INR(Rs) 72.56 (0.26) Front Page [Premium Content][Citibank likely to hive off consumer banking business in India]( Reorganising global consumer operations on the table of new CEO [CoWin registration from 9am today as India enters next phase of vaccination]( The private sector is poised for a bigger and more active role in administering the life-saving jab. [Premium Content][Markets on tenterhooks as inflation fears overtake recovery hopes]( Trajectory would hinge on Street's perceived inflation forecasts [Premium Content][Commodity price rise, bond yields could weigh on India Inc's earnings]( Higher margins more than compensated for flat revenues during the quarter [Premium Content][Paytm crosses 1.2 bn monthly transactions, maintains leadership position]( Financial services firm sees 15% month-on-month growth in offline merchant payments [Premium Content][Key states turn down FM Nirmala Sitharaman's proposal to cut fuel tax]( Cite constraints on revenue, already hit by Covid lockdowns; 'ball in Centre's court' [Isro flags off 2021 with 19 satellites, e-Gita & PM Modi's picture]( Isro's PSLV-C51 successfully places Brazilian satellite Amazonia-1 in orbit [Premium Content][Explained: What the new regulations mean for online news publishers]( Some say Intermediary Guidelines and Digital Media Ethics Code Rules, 2021, leaves too many things in the hands of the central government [Premium Content][Cash logistics business is on the cusp of change as digital payments soar]( Deregulation of the currency chest system will act as the game changer [Ikea to increase sourcing of toys from India for scale up ops: Official]( Swedish furniture major IKEA, which has a range of over 1,000 products as part of its children's range, is looking to scale up sourcing of toys ... Companies [Premium Content][PLI scheme likely to take center stage in India's economic revival]( 16 schemes from equal numbers of companies have been approved to boost local production, value addition and, consequently, export of mobile ... [Premium Content][Plainspeak in a post-truth world: Meet Twitter general counsel Vijaya Gadde]( What sets Twitter apart from other social media and big technology firms at present is that the platform has not shied away from taking ... [RIL buys majority stake in skyTran; invested in future tech, says Ambani]( Shareholding of Indian entity at 54.46%; skyTran has developed breakthrough passive magnetic levitation & propulsion tech for personal ... [JLR to take a write off of 1.5 bn pounds in Q4 as part of a restructuring]( This will be the second biggest hit for Tata Motors-owned firm since FY19 [» Read More Stories in Companies]( Economy & Policy [Premium Content][Statsguru: Bond market pressure is getting reflected in the stock market]( Bond markets are showing signs of nervousness, and yields on the 10-year government bonds are on the rise [Premium Content][Without red tape, plans to let private sector manage surplus land can work]( It took nearly 70 years for the Government of India to recognise the merits of allowing the private sector to manage surplus government land [Premium Content][Different strokes: New series leading to diverging trends in GDP, GVA]( The revised method of GDP did not only change the base year, but also the way it is computed. [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [ABB Power Produc]( 1439.45 -11.14 [ACC]( 1732.95 -3.81 BSE TOP GAINERS Company Price (Rs) Change (%) [R C F]( 75.90 12.11 [South Ind.Bank]( 9.84 10.56 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [ABB Power Produc]( 1439.45 -11.14 [Shriram Trans.]( 1282.25 -7.09 [Premium Content][Top listed developers sitting pretty after record bookings in Dec quarter]( Experts expect further market share gains; cash flows and collections likely to improve [Premium Content][Pharma stocks may hold ground as volatility grips global markets]( The Nifty Pharma index was down 1.76 per cent on Friday compared to a 568-point or nearly 3.8 per cent slide in the Nifty50 on weak global cues [Premium Content][Category 3 alternative investment funds beat Nifty returns in January]( Long-only funds gave average returns of -0.2 per cent for the month, while long-short funds returned 0.1 per cent, the data from PMS Bazaar ... [Premium Content][Market may need new catalysts to rise meaningfully, says Jigar Shah]( JIGAR SHAH, chief executive officer, Kimeng Securities India, tells Puneet Wadhwa in an interview that there is a good possibility of a ... [» Read More Stories in Markets]( Opinion [Premium Content][Road to recovery]( Hopeful signs in data, but medium-term outlook uncertain [Premium Content][Long-awaited roll-out begins]( Questions linger about implementation of vaccine programme [Premium Content][There's no such thing as self-reliance]( For sustained growth India needs to use foreign capital and foreign know-how to produce goods that it sells in foreign markets. What's ... [Premium Content][NSE continues to get favoured treatment]( In 1992, when the NSE was conceived, the idea was to offer strong competition to the unruly BSE. The situation has long reversed [Premium Content][How RBI should 'manage' the yield curve]( None can question the central bank's policy of leaning against the rising yield but the problem is with the way it is being done [» Read More Stories in Opinion]( Finance [Premium Content][With lower investments in Q3, industry clearly in wait-and-watch mode]( Data on new investment announcements in the past decade in the first three quarters of the financial year shows that there has been no fixed ... [Premium Content][Private equity interest can improve governance in banks: Rahul Bhasin]( PEs need to engineer change and bring efficiency to the fore to deliver the returns demanded by their investors; or, alternatively, find ... [Premium Content][After the moratorium: Booster dose for the IBC]( The Reserve Bank of India's (RBI's) Financial Stability Report indicates an escalation of gross non-performing assets to 14.8 per cent [» Read More Stories in Finance]( Technology [Premium Content][Privacy and security lessons in Clubhouse, NurseryCam data leaks]( The app has been banned in China, which doesn't like the concept of private conversations. But ironically, Clubhouse processes global data in ... [India has disappointing level of AI development, need to catch up: Book]( India currently has a disappointing level of artificial intelligence (AI) development and it needs to embark on a rapid program to catch up, ... [» Read More Stories in Technology]( PF [Premium Content][KYC norms hindering financial penetration]( CKYC is failing to have the desired impact due to lack of clear directions from the regulators, and lack of connectivity between the ... [Premium Content][Pay your family's insurance premiums and PPF contributions to save tax]( While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws don't apply [» Read More Stories in PF]( Beyond Business [Sustainability and the feeding frenzy]( Book review of ANIMAL, VEGETABLE, JUNK: A History of Food, From Sustainable to Suicidal [» Read More Stories in Beyond Business]( [About us]( | [Partner With Us]( | [Job@BS]( | [Advertise with us]( | [Connect BS]( | [Refer a friend]( Ensure that you always receive messages from business-standard.com Add bsemailservices@business-standard.net.in to your Address Book or Safe List. If you can not view this message, please click here | For unsubscribe click here If you do not wish to receive Business Standard e-mails in the future, please [click here](mailto:rm-===Xmxkb===E5===La===Q===F0a3k===Bam===B9a0===Q=@mailmx1.stakemail.com?subject=Unsubscribe&body=Unsubscribe me.) to unsubscribe