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Why are foreign banks exiting India or scaling down operations?
Manage episode 433820098 series 2910805
Recently, the transition of Citibank’s retail business to Axis Bank was completed. Like Citi, several other foreign banks have shrunk operations in India or exited altogether. They have set the standard in customer service but increasing competition, rising bad loans, and complicated and costly compliance requirements have all been a deterrent. What does this mean for you, the customer?
Please listen to the latest episode of All Indians Matter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
274 odcinków
Manage episode 433820098 series 2910805
Recently, the transition of Citibank’s retail business to Axis Bank was completed. Like Citi, several other foreign banks have shrunk operations in India or exited altogether. They have set the standard in customer service but increasing competition, rising bad loans, and complicated and costly compliance requirements have all been a deterrent. What does this mean for you, the customer?
Please listen to the latest episode of All Indians Matter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
274 odcinków
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