Bigger India
Citi Eyes Bigger Pie Of Wealth Management In India
The bank said in the recent months, several prominent Indian families have acquired residential and commercial real estate properties in the United Kingdom through financing from Citi Private Bank.
American lender Citi said it is eyeing a greater pie of the Indian wealth management business, concentrating both on the domestic opportunity as well as non-resident Indians (NRIs).
It has made two senior level appointments in pursuit of this in its private bank vertical, an official statement said, without quantifying the size of the market it aims to capture.