About Citibank | Citibank in India

A Century in India

Citi began operations in India over a century ago in 1902 in Kolkata
Citi is the largest foreign direct investor in financial services in India with a total capital commitment of over US$4 billion in its onshore banking and financial services business and its principal and alternate investment programs
As promoter-shareholder, Citi has played a leading role in establishing important market intermediaries such as depositories, credit bureau, clearing and payment institutions
Citi operates 42 full-service Citibank branches in 30 cities and over 700 ATMs across the country
Citi is an employer of choice to about 7000 people
Citi is the preferred banker to more than 40,000 small and mid-sized companies across India
Citi helped lay the foundation of the Indian software industry by establishing Citicorp Overseas Software Limited and Iflex Solutions Limited. Citi pioneered the ITES industry in financial services through Citigroup Global Services Limited (CGSL). Oracle acquired Iflex in 2005 and CGSL was acquired by Tata Consultancy Services in 2008

Local Financials

Leadership through Innovations

Our Businesses

Landmark deals in 2011

Citi acted as the Joint Bookrunner to a hugely successful US$762 million follow on offering by Tata Steel Ltd.
Citi executed a uniquely structured, INR 78.75 billion (US$1.75 billion) 13 year tenor, Indian Rupee denominated, syndicated project financing for Hindalco Industries Ltd., the flagship company of the Aditya Birla Group. This is the largest Indian Rupee Syndicated Corporate loan transaction in India
Citi advised Genpact on its US$550 million acquisition of Headstrong and successfully executed a US$380 million 4-year senior secured term and revolving facilities for Genpact in relation to this acquisition
Citi priced a landmark 144A/Reg. S US$1 billion, Senior Secured USD bond offering for ICICI Bank rated Baa2/Stable by Moody's and BBB-/Stable by S&P for a tenor of 5.5 year
Citi priced a very successful £1.0 billion equivalent, three-tranche, dual currency, senior notes offering for Jaguar Land Rover PLC. The senior notes were issued under the 144A/Reg. S format with a rating of B1/Stable by Moody's, B+/Stable by S&P, BB-/Stable by Fitch and listed on the Luxembourg stock exchange
Citi, acting as Joint Global Coordinator and Bookrunner priced a landmark upsized US$1.65 billion dual-tranche-5 year NCL (US$750 million) and 10 year NCL (US$900 million), US$ denominated senior unsecured bond offering for Vedanta Resources Plc. The offering received an overwhelming response from over 228 investors with a total order book in excess of US$4.2 billion. The offering will partly finance Vedanta's acquisition of a 40%-51% stake in Cairn India from UK-based Cairn Energy
Citi executed the First ever fully distributed INR 775 crore (US$172 million) Hybrid Perpetual Securities (transaction) for Tata Steel Ltd. The transaction received a phenomenal response from a wide spectrum of investors ranging from Insurance companies, Mutual Funds, Family offices, Bank Prop desks and PF intermediaries
Citi, on a Sole basis, executed a US$237 million accelerated secondary offering of equity shares held by Citi Holdings Mauritius Limited in HDFC Ltd. The book was covered within the first hour itself and closed within 3 hours of launch with an aggregate demand of ~US$600 million from over 40 marquee investors across the globe
Citi, acting as Joint Bookrunner priced a landmark US$500 million, 10 year USD denominated senior unsecured bond offering for IndianOil Corporation Ltd.
Citi, acting as Joint Bookrunner priced a US$500 million, 10 year USD denominated senior unsecured bond offering for NTPC Ltd. This transaction marks the largest bond offering by NTPC and the first issuance from an Indian public sector corporate in 2011YTD
Citi acted as Global Coordinator and Joint Bookrunning Lead Manager for L&T Finance Holdings Ltd. US$350 million Initial Public Offering. The capital raising included a pre-IPO placement tranche to Capital International for ~US$75 million. The IPO represents the largest IPO in Indian capital markets so far in CY2011

Citizenship

Launched in 1999, Citi India's citizenship program focuses on Financial Capability & Asset Building, Microfinance, Enterprise Development, and Youth, Education & Livelihoods. Through its partner NGOs, Citi Foundation reaches out to approximately 1.27 million families across the country
Employee engagement activities and volunteerism are strong drivers of Citi India's citizenship program. Initiatives such as the Payroll Giving Program and Global and India Community Days are very well received amongst employees across the country. Disaster relief & rehabilitation is also a focus area
The Citi Micro Entrepreneur Awards, instituted in 2004, recognizes individual micro entrepreneurs for their extraordinary efforts in gaining self-sufficiency through the innovative use of microfinance. The programme has presented over US$220,332 to 77 Micro Entrepreneur Awardees nationally
In 2004, the Citi Foundation provided core funding to set up the Indian School of Microfinance for Women (ISMW), an educational institution solely focused on the discipline of microfinance and financial education, in Ahmedabad. The Citi Center for Financial Literacy housed within ISMW conducts financial literacy awareness campaigns for grassroots women borrowers and training programmes for NGO/MFI staff and field workers
The Citi Woman Leader Award instituted in 2010 is the first and the only program of its kind that recognizes the leadership potential of young female talent on premier Business School campuses
Citi India has been a longstanding supporter of Indian & Western art, culture, and heritage through the Citi-NCPA partnership, and the sponsorship of the Banganga and Mumbai Sanskruti Music Festivals. Citi is also Chief Patron of the Symphony Orchestra of India, a first-of-its-kind in India, managed by the prestigious National Center for Performing Arts (NCPA)

Recent Awards & Recognition

Citi Centre

Pramit Jhaveri