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Citibank began operations in 1902 in Calcutta ().[1] [2]In the late 1980s and 1990s, the division was one of the first banks to offer credit cards in India. [3]In 1992, Citibank India was alleged to have played the leading role in allowing or facilitating the market manipulation that drove up prices of shares on the Bombay Stock Exchange during the 1992 Indian stock market scam.
On 30 July 2007, UTI Bank changed its name to Axis Bank. [16] In 2009, Shikha Sharma was appointed as the MD and CEO of Axis Bank. [17] In 2013, Axis Bank's subsidiary, Axis Bank UK commenced banking operations. [18] The Indian government intends to sell a 20.7% stake in Axis Bank in February 2014 for 57 billion rupees, equivalent to 925 ...
Jane Fraser (born 13 July 1967) is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. [1] [2] Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004.
Axis Max Life Insurance Limited (formerly known as Max New York Life Insurance Company Limited and Max Life Insurance Company Limited) is an Indian life insurance company headquartered at New Delhi, and the largest non-bank private-sector life insurer in India. It is an 80:20 joint venture between Max Financial Services and Axis Bank.
Stevenson has since said that he became "Citibank's most profitable trader, in the whole world" in 2011 with a peak $35 million profit achieved for the bank that year. [16] Stevenson states that he generated this profit by trading based on the prediction that interest rates would not rise due to the impact of wealth inequality upon demand.
Walter Bigelow Wriston (August 3, 1919 – January 19, 2005) was a banker and former chairman and CEO of Citicorp.As chief executive of Citibank / Citicorp (later Citigroup) from 1967 to 1984, Wriston was widely regarded as the single most influential commercial banker of his time.
Victor Joseph Menezes (May 14, 1947 – February 3, 2025) was an Indian-American banker. [1] He began his career in 1972 by joining the American financial services company Citicorp (now Citigroup) in corporate banking and went on to serve as the Senior Vice Chairman of Citigroup, working for the company for 32 years until his retirement.
Shikha Sharma (born 19 November 1958) is an Indian economist and banker. She was the managing director and CEO of Axis Bank from 2009 to 2018. [1] [2] She also worked for nearly thirty years at the ICICI Group, across its bank and insurance companies.
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