Citibank Financial News

A Citi employee who bought a sandwich and coffee for his partner while on a business trip has lost his case for unfair dismissal after his expenses claim was challenged.

The Middle East’s latest conflagration has got Wall Street’s forex researchers on the overdrive, forecasting possibilities for the euro to reach parity with the US dollar amid speculation the crisis will drive up Europe’s inflation with higher energy costs.

A financial analyst who was fired by Citibank after claiming a two-sandwich lunch on expenses has lost a legal battle for wrongful dismissal

Bank of India launched a Centralised Web Portal called UDGAM (Unclaimed Deposits — Gateway to Access information) to help and make it simpler for people to search for their unclaimed deposits across different banks at one location. The UDGAM portal was launched in August 2023. Also read: UDGAM RBI portal link: How to register, check unclaimed savings account, FD money in these seven banks Initially, the search feature was initially made available on the portal for seven banks, and it was announced to the public that it will be gradually made available for the remaining institutions by October 15, 2023. Now, the RBI has updated the UDGAM portal with a total of 30 banks. According to the RBI press release dated, “The search facility was initially made available on the portal for seven banks and it was intimated to public that the search facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023. The members of public are hereby informed that, the search facility for 30 banks has been made available on the portal on September 28, 2023, which covers around 90% of such unclaimed deposits (in value terms) in Depositor Education and Awareness (DEA) Fund.”

Angela Mentis, National Australia Bank’s chief digital, data and analytics officer, will retire at the end of the month, taking one of the potential internal successors to chief executive Ross McEwan out of the race.

By Joseph White

The banking sector is undergoing revolutionary change. The number of banks is growing, buoyed by the emergence of neobanks, and the sector faces increased competition as non-banking institutions are offering banking services such as mortgages and credit cards.

On Tuesday, renowned author and financial literacy advocate, Robert Kiyosaki, sparked off a spirited debate in the cryptocurrency sphere with his remarks on the future of Bitcoin and the US dollar. 

₹5,000. If you are on the hunt for a new pair of TWS earbuds, look no further than our list. The JBL Tune 235NC in Ear Wireless ANC earbuds are currently priced on Amazon at ₹4,999.

Citibank India has introduced a new work-from-home (WFH) policy allowing female employees to work remotely for up to 12 months following their 26-week maternity leave. Additionally, expectant mothers can request three months of WFH during their final trimester, subject to review and approval. Citibank India has taken a significant step to support its female employees by extending the option of working from home (WFH) after maternity leave.

Citibank India on Tuesday reported a 26% year-on-year net profit in the previous financial year, excluding the one-time gain arising from the sale of its consumer business to Axis Bank. The foreign bank's profit after tax in the year ended March 31 was at ₹13,614 crore including a post-tax one-time gain of ₹8,914 crore from the sale of the consumer banking business to Axis Bank, Citi India said in a statement. For the previous financial year, Citi India's underlying profit was at ₹4,700 crore versus ₹3,727 crore in the previous financial year. The bank's net interest margin in FY23 was at 5.15%, up from 4.65% in the previous financial year. Asset quality improved, with gross non-performing asset ratio falling to 0.41% as of March 31, from 1.07% the previous year. The net NPA ratio was at 0% versus 0.39% a year ago. As of March 31, 2023, Citibank's total assets were at ₹2.17 lakh crore. Citibank India extended loans worth ₹35,001 crore to agriculture, affordable housing, renewable energy and micro, small, and medium enterprises. «The disciplined execution of our refreshed strategy has led to strong earnings.

block deal on Friday, documents reviewed by ET showed. Jack Ma-founded Antfin will be selling the shares at ₹880 apiece, a discount of nearly 3% to Thursday's closing price of ₹904.4. Citibank is the broker for the deal. Antfin, which owned 23.79% stake in Patym at the end of the June quarter, sold 10.3% stake in the fintech company earlier this month.

RBI Udgam Portal News: The Reserve Bank of India has launched a centralised web portal – UDGAM (Unclaimed Deposits – Gateway to Access inforMation) – which will enable bank customers to find their unclaimed deposits. In a statement, the RBI said this portal will make it easier for the public to search their unclaimed deposits across multiple banks in one place.

unclaimed deposits from several banks in one location, the Reserve Bank of India (RBI) launched a consolidated web portal dubbed as UDGAM (Unclaimed Deposits – Gateway to Access inforMation). The RBI has been urging the public to locate and contact their local banks to claim unclaimed deposits through these campaigns.

South Indian Bank for a period of three years with effect from October 1, 2023. According to statement by the South Indian Bank, PR Seshadri is an accomplished banker with experiences spanning multiple businesses, functional lines and geographies.

Reserve Bank of India on Thursday approved for the appointment of P R Seshadri as Managing Director & CEO of South Indian Bank for a period of three years with effect from October 1, 2023. He has significant experiences in enterprise level management and in the management of all key commercial banking business lines and he has substantial experience in successfully managing investors, boards and regulatory relationships in multiple geographies, said the company's notification to Bombay Stock Exchange.

RBI) on Thursday launched a Centralised Web Portal UDGAM (Unclaimed Deposits – Gateway to Access inforMation). This portal has been developed by RBI for use by members of public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place. The Reserve Bank of India had announced the development of a centralised web portal for searching unclaimed deposits as part of the Statement on Developmental and Regulatory Policies dated April 06, 2023.

UDGAM (Unclaimed Deposits — Gateway to Access Information) Centralised Web Portal to search for unclaimed deposits, according to an RBI press release issued on August 17, 2023. The RBI created this platform for the public to utilise in order to facilitate and make it easier for consumers to look for unclaimed deposits across numerous banks in one place.Click here to access the UDGAM portal Banks publish a list of unclaimed deposits on their websites. To improve and broaden depositors' and beneficiaries' access to such data, the RBI has decided to create an online platform that will allow them to search across various banks for probable unclaimed deposits depending on user inputs. As part of the Statement on Developmental and Regulatory Policies dated April 6, 2023, the Reserve Bank of India had announced the creation of a centralised web facility for locating unclaimed deposits.

SBI Youth of India, she was shocked to see the farm waste being generated and the practice of stubble burning. “So much of renewable resources were being wasted. There was a surplus of it,” she says.

For the June quarter, the bank is expected to report a 45.4% year-on-year (YoY) growth in net profit to Rs 5,999 crore, according to the average of estimates given by 14 brokerages. Net interest income — the difference between interest earned and interest expended — is expected to increase 28% YoY to Rs 11,981.4 crore. The private sector lender is scheduled to release its earnings on Wednesday.

Devina Mehra, Chairperson & MD, First Global, says “I doubt whether HDFC will be in a situation where it will never get its act together in technology as it is so critical. I do not know exactly what they are doing in the sense that I have not met the management of late or anything, but I am sure that would not be a permanent stumbling block.”I am looking at one of your first reports that you published on HDFC Bank.The buy report said that at one, he is good, at five he will be awesome; from the baby it was a teen with a six-pack ab. Devina what is your sense then at 29 years, what is this teen with a six-pack abs going to look like? Is the opportunity still as large for shareholders?Yes, it is not the teen with the six-pack abs, it is Arnold Schwarzenegger, who was the reigning world champion then.