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Articles for Citibank

FM Sitharaman Meets Citibank CEO, Focuses on AI, MSMEs and Green Tech
2 months ago

FM Sitharaman Meets Citibank CEO, Focuses on AI, MSMEs and Green Tech

News 18  

FM Nirmala Sitharaman met Citibank CEO Jane Fraser to discuss the Indian banking sector. The two discussed the use of #AI in important sectors such as agriculture, urban development, and the pharmaceutical sector. Fraser also praised India's digital payment transformation and the importance of making MSMEs a part of the supply chains.

Government Law Technology Finance
New report accuses Citibank of funding fossil fuel projects amounting to environmental racism
3 months ago

New report accuses Citibank of funding fossil fuel projects amounting to environmental racism

Salon  

While many approach the subject of fossil fuels through the lens of finance, science and politics, Roishetta Ozane, a Black single mother with six children, spoke with restrained emotion when discussing the extraction of liquid natural gas. "From an ethical standpoint, banks and investment firms should no longer be financing new fossil fuel infrastructure," University of Pennsylvania climatologist Dr. Michael …

Community Climate Change Climate Environmental Fuel Report Lng
Lawmakers Call Out Major U.S. Banks For Discrimination
10 months ago

Lawmakers Call Out Major U.S. Banks For Discrimination

Huff Post  

Sen. Elizabeth Warren and Rep. Ilhan Omar released a letter Thursday demanding answers from the heads of several leading U.S. banks about policies that have disproportionately targeted Muslim Americans and communities of color. “The lack of information regarding the scope of de-risking practices and the impact on Muslim American consumers and other minority communities hinder policymakers’ ability to protect consumers,” …

Banking Muslims Report Muslim Banks Americans Letter
Citibank employees called them ‘Armenian bad guys’ and canceled their accounts. Now they’re suing
1 year ago

Citibank employees called them ‘Armenian bad guys’ and canceled their accounts. Now they’re suing

LA Times  

“While we prioritize protecting our bank and our customers from fraud, it is unacceptable to base credit decisions on national origin,” Citibank said in response to a lawsuit alleging discrimination against Armenian Americans. “I was so stressed out, I literally started crying.” Smbatian and others whose accounts were closed suspected discrimination was at play — and say they were proved …

Fraud Credit Money Lawsuit Bank Employees Accounts Cfpb
RBI penalises ₹10.34 crore on Citibank, BoB, IOB for non-compliance
1 year ago

RBI penalises ₹10.34 crore on Citibank, BoB, IOB for non-compliance

Hindustan Times  

The Reserve Bank on Friday imposed penalties totalling ₹10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms. The highest penalty of ₹5 crore has been imposed on Citibank NA for non-compliance of norms related to depositor education and awareness fund scheme, and code of conduct on outsourcing of financial services, the RBI …

Bank Citibank
Citibank Wins Lawsuit Against Employee Who Billed Meals for Two Claiming He Ate it All
1 year, 2 months ago

Citibank Wins Lawsuit Against Employee Who Billed Meals for Two Claiming He Ate it All

News 18  

A financial analyst who was fired by Citibank after claiming a two-sandwich lunch on expenses has lost a legal battle for wrongful dismissal. A British judge has ruled that the bank was entitled to sack Szabolcs Fekete for gross misconduct because he lied when he claimed to have consumed two sandwiches, two coffees and two pasta dishes during a work …

Bank Citibank Billed Meals Fekete
5 best gaming TWS earbuds under ₹5,000 this September 2023
1 year, 3 months ago

5 best gaming TWS earbuds under ₹5,000 this September 2023

Live Mint  

In today's tech-savvy world, we are presented with a plethora of remarkable gadgets, and among them, True Wireless earbuds stand out. In this article, we have compiled a selection of the top rated gaming TWS earbuds on Amazon that deliver exceptional performance and value for your money, all priced under ₹5,000. JBL Tune 235NC The JBL Tune 235NC in Ear …

Wireless Customers Earbuds Jbl Tws Earbuds Device Citibank Credit Card
Madras Day | Tamil writer Sivasankari talks about her memories of Mount Road
1 year, 4 months ago

Madras Day | Tamil writer Sivasankari talks about her memories of Mount Road

The Hindu  

Sivasankari has just returned from Canada after receiving a lifetime achievement award for her contribution to literature and speaks about the city’s ever-evolving thoroughfare over coffee and her famous masala dosai. Whenever I see this stature, I realize or remember that everything has a flaw.” An ardent movie buff, Sivasankari has never missed any Tamil, Hindi or English films and …

Family Tamil Madras Jayalalitha Those Days Citibank Mount Road
No Failure On Citibank To Disclose Income: Bombay High Court Quashes Reassessment
1 year, 5 months ago

No Failure On Citibank To Disclose Income: Bombay High Court Quashes Reassessment

Live Law  

The Bombay High Court has held that where the notice has been issued after the expiration of four years, the onus is on the Assessing Officer to show that income chargeable to tax has escaped assessment by reason of the failure on the part of the assessee to disclose fully and truly all material facts necessary for its assessment for …

Assessment Bombay High Petitioner Citibank Its Assessment Kvss
Axis Bank Completes Acquisition of Citibank's India Business; What It Means For Customers
1 year, 9 months ago

Axis Bank Completes Acquisition of Citibank's India Business; What It Means For Customers

News 18  

Mumbai-headquartered Axis Bank has completed the acquisition of the India consumer business of the Citigroup-owned foreign bank Citibank for Rs 12,325 crore. The deal, announced in March 2022, will see India’s third largest private sector bank absorbing Citibank’s consumer businesses covering loans, credit cards, wealth management and retail banking operations in India. In a stock exchange filing last week, Axis …

India Nri Customers Citi Axis Citibank Bank Completes
Bank Customers Have No Way Of Contacting Officials Who Send Emails, Accountability Required: Delhi High Court
1 year, 10 months ago

Bank Customers Have No Way Of Contacting Officials Who Send Emails, Accountability Required: Delhi High Court

Live Law  

The Delhi High Court has expressed concern over the computer generated e-mails sent by Citibank to its customers without the mention of contact details of officials under whose instructions they were generated and sent.Observing that there ought to be some accountability of bank officials, Justice Prathiba M Singh sought response of the bank as to whether names of its officials …

Court Delhi High Court Bank Officials Sent Customers Citibank
Tax Cases Monthly Round-Up: December 2022
1 year, 11 months ago

Tax Cases Monthly Round-Up: December 2022

Live Law  

Indirect Taxes Supreme Court Case Title: CIT Versus Swapnil Finance Pvt. ITAT Case Title: Sudhir Chadha Versus ACIT The Delhi Bench of the Income Tax Appellate Tribunal has held that the department is not allowed to travel beyond the issues involved in limited scrutiny cases. Case Title: ITO Versus Dr. Satish Natwarlal Shah The Ahmedabad Bench of the Income Tax …

India Justice Tax Court Customs Natural Justice Income Tax
Purchase Of ATM within India: CESTAT Deletes Penalty Under Customs Act Against CitiBank
2 years ago

Purchase Of ATM within India: CESTAT Deletes Penalty Under Customs Act Against CitiBank

Live Law  

The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal has deleted the penalty under the Customs Act against CitiBank on the purchase of an ATM within India.The two-member bench of Suvendu Kumar Pati and Sanjeev Shrivastava has observed that a transaction concerning the purchase of an item within India, which is unrelated to. The Mumbai Bench of …

India Customs Customs Act Act Atm Purchase Philips
This foreign bank is paying FD rates up to 7.25% for tenors of 181 to 400 days
2 years ago

This foreign bank is paying FD rates up to 7.25% for tenors of 181 to 400 days

Live Mint  

With operations starting in Kolkata more than a century ago in 1902, Citi is now a prominent international bank in the Indian financial industry. On deposits due in 181 days to 400 days, Citibank India is now giving a maximum interest rate of 7.25%. On FDs maturing in 36 days to 180 days, Citibank is giving an interest rate of …

Bank Interest Rates Interest Senior Citizens Rate Rates Deposits
Australians are losing billions in scams and there are calls for banks to pay them back
2 years, 3 months ago

Australians are losing billions in scams and there are calls for banks to pay them back

ABC  

Bill Hall lost $26,000 in an invoice scam after an email from his builder was intercepted and resent with new payment information. Key points: Consumer affairs ministers meet on Friday for the first time since the federal election Scam prevention will be high on the agenda Australians lost more than $2 billion in scams last year The fraudulent invoice looked …

Money Scams Bank Pay Scam Fraud Prevention Banks
Axis Bank's Acquisition of Citi's Consumer Business in India for Rs 12,325 Crore Gets CCI Nod
2 years, 4 months ago

Axis Bank's Acquisition of Citi's Consumer Business in India for Rs 12,325 Crore Gets CCI Nod

News 18  

The Competition Commission of India has approved the Rs 12,325 deal of Axis Bank’s acquisition of Citibank’s consumer businesses in India, the authority announced on Tuesday, July 26. “Commission approves acquisition of Citibank, N.A.’s and Citicorp Finance Limited’s undertakings comprising of their consumer banking activities by Axis Bank,” the CCI said on Twitter. Commission approves acquisition of Citibank, N.A.’s and …

Business India Consumer Deal Twitter Axis Citibank
Will Big Oil face another reckoning from investors this year?
2 years, 7 months ago

Will Big Oil face another reckoning from investors this year?

Salon  

Last week, executives from Citibank and JPMorgan sat on a panel at a New York City business conference hosted by the news agency Reuters to discuss "the decarbonization pathway for finance." More specifically, shareholders are asking for plans aligned with the International Energy Agency's net-zero pathway, which states in no uncertain terms that there should be "no investment in new …

Oil Shareholders Gas Fuel Companies Emissions Investors
Citibank Netbanking, Mobile Banking Won't be Available on November 8. Check Details
3 years, 1 month ago

Citibank Netbanking, Mobile Banking Won't be Available on November 8. Check Details

News 18  

Citibank operations will remain affected by downtime on Monday, November 8. In the communication, the bank emphasises that Citibank credit card holders can now raise disputes about any Citi credit card transaction through the 24×7 helpline. Citibank is one of the first few private banking entities in India and its existence in the Indian market dates back to the early …

India Banking Bank Citibank
Citibank Online, Credit Card, Mobile Banking Services to be Down During Weekend. Know More
3 years, 2 months ago

Citibank Online, Credit Card, Mobile Banking Services to be Down During Weekend. Know More

News 18  

The New York-headquartered multinational bank, Citi bank in an official notification announced that a few of its services will be dysfunctional on October 16 and 17 due to some maintenance scheduled for the mentioned days. The services that will be down are Citibank Online and Mobile Services, IVR Self Service, Credit Card – Samsung Pay Wallet, and RTGS transactions. In …

Services Mobile Bank Credit Card Service Citi Online Credit
This bank’s RTGS, net banking, other services will remain down for 9 hours starting today
3 years, 2 months ago

This bank’s RTGS, net banking, other services will remain down for 9 hours starting today

Live Mint  

Several services of Citibank such as internet banking, RTGS transaction, wallet function, etc will be down on the intervening night of Saturday and Sunday. The New York-based bank said its services will remain affected from 9:30 pm to 6:30 am. The bank's RTGS transactions facility will remain non-functional between 2:30 am to 6:30 am on October 17. However, dispute on …

Oct Rtgs Citibank
Citibank Exit: Looking for Buyers for Business in India, No Impact on Existing Customers, Says Official
3 years, 8 months ago

Citibank Exit: Looking for Buyers for Business in India, No Impact on Existing Customers, Says Official

News 18  

In a major move, American banking company Citigroup announced on Thursday that it will be exiting 13 international consumer banking markets, including India and China as part of its global strategy. The company said it will focus its global consumer banking business on four markets: Singapore, Hong Kong, London and the United Arab Emirates. We will now look for a …

Banking Exit Citi Citibank No Immediate Impact Consumer Business India Impact
TikTok Parent ByteDance's Bank Accounts Blocked by Indian Authorities for Alleged Tax Evasion
3 years, 8 months ago

TikTok Parent ByteDance's Bank Accounts Blocked by Indian Authorities for Alleged Tax Evasion

News 18  

Indian authorities have blocked at least two of ByteDance’s bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit its operations, two sources with direct knowledge told Reuters. In mid-March, authorities ordered two of ByteDance India’s bank accounts in Citibank and HSBC to be blocked because of alleged evasion …

India China Tax Indian Bank Tiktok Hsbc
‘Racial bias runs deep’ at America’s largest banks, study says
3 years, 9 months ago

‘Racial bias runs deep’ at America’s largest banks, study says

CNN  

New York CNN Business — The banking industry has a race problem, and a new study is putting a spotlight on the inequalities within the nation’s largest financial institutions. “There’s an important high bar that banks need to meet for diversity and inclusion.” Some of the financial institutions that publicly condemned racism in the aftermath of the police killing of …

Career Advancement Diversity Data Black Employees Latino Demographic
Why is Wipro Being Held Answerable for Citibank's $900 Million Blunder?
3 years, 9 months ago

Why is Wipro Being Held Answerable for Citibank's $900 Million Blunder?

News 18  

Citibank’s “biggest ever banking blunder” now has Indian IT firm, Wipro, in the spotlight, according to an exclusive report by Moneycontrol. The report by Moneycontrol’s Dinesh Unnikrishnan and Chandra R Srikanth states that the global banking major relies on a so-called “six eyes” protocol for high-value transactions. As reported earlier, Citi Bank had mistakenly wired Revlon’s lenders around USD 900 …

India Citi Wipro Moneycontrol Citibank