Citibank housing portfolio up 40%
By Our Banking Bureau | 12 Jan 2002
Sarup says Citibank Indias retail liabilities amounted to Rs 12,000 crore, of which about 60 per cent was accounted for by NRIs. "The banks auto-loan business earned a profit of Rs 31 crore last year the highest in the industry."
Citibank is also in the vanguard of the Internet-banking movement, with a high adoption rate. About 16 per cent of the banks customers are active online. In the same period last year, it was 9 per cent. The bank started Internet-banking in 1999.