About Us

• Citi began operations in India over a century ago in 1902 in Kolkata
• Citi is a very significant foreign investor in the Indian financial market. The total capital employed in Citi's banking and financial services operations in India including retained earnings is in excess of $ 3 Bln. Citi offers consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
• As promoter-shareholder, Citi has played a leading role in establishing important market intermediaries such as depositories, credit bureau, clearing and payment institutions
• Citi is an employer of choice and operates 42 full-service Citibank branches in 30 cities across the country
• 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

• Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. For more information, visit www.citigroup.com
  Visit the official bio of Citi CEO, Michael Corbat

• For the local accounting year ended March 31, 2012, Citi India reported Profit After Tax of Rs. 1,922 crore.

• First bank to launch a dedicated platform focused on serving the unique banking and wealth management needs of the Non Resident Indian (1985)
• Pioneered Cash Management (1986)
• First to offer 24-hour Phone and Internet banking and SMS alerts
• First to launch a foreign currency denominated prepaid card, Citibank World Money Card (2002)
• First to launch a 2-in-1 transit Credit Card in partnership with the Delhi Metro (2008)
• First to bring to India next-generation contactless Credit Card payments based on Near Field Communications technology with Citi Tap and Pay (2009)
• First brokerage house to launch Financial Information Exchange (FIX) protocol, the industry-driven international messaging standard, adopted by NSE (2010)
• First to roll out SMS-to-Call and Click-to-Call; the services instantly connect customers to Citibank officers (2012)
• First to launch India's first airline agnostic card through Citi PremierMiles (2012)
• Offer exclusive digital banking experience to customers through our first Citi Smart Banking Branch launch (2012)
• Launched market-first mobile-banking receivables solution Citi Mobile Collect (2012)

• Citi serves the entire spectrum of clients in India - from helping India's top global corporations commit capital, make markets and manage their global cash positions to supporting the growth ambitions of the country's small and mid-sized enterprises and enabling individuals and households save, invest, spend, borrow and protect their money with trust and confidence.
• Citi India's products and services are organized under two major segments: Institutional Clients Group (ICG) and Global Consumer Group (GCG). The ICG serves Citi's best-in-class products, services and execution through four major client groups: Global Banking, Global Markets, Global Transaction Services and Citi Investment Research & Analysis. Citi Private Bank is also a division of the ICG. Under GCG, Citi India offers the full range of consumer banking products and services. We serve our clients across the entire wealth continuum as they grow in affluence. With Citibanking, we complete our by offering solutions for clients in every segment - from emerging affluent (Citibanking), the affluent (Citigold), the high net worth individuals (Citigold Select), and the ultra-high net worth individuals (Citi Private Bank). Our path breaking Citi@Work proposition (Suvidha) introduces Global Indians to world class digital banking offerings and allows them to experience an enhanced value proposition at every stage of their lives, as they grow their wealth with us. With over 2 million cards in force, Citibank is one of the leading card issuers in India with a diverse suite of innovative and differentiated products. Citi Wealth Advisors is the Firm's broker-dealer platform for retail clients.

• BG Group PLC announced its agreement to sell its 65.12% controlling interest in Gujarat Gas Company Limited, India's largest private sector natural gas distribution company, to a subsidiary of Gujarat State Petroleum Corporation Group for a consideration of approximately US$470 million. Citi is acting as the Exclusive Financial Advisor to BG Group on the transaction.
• Rain CII Carbon LLC has executed a share purchase agreement with Triton to acquire 100% stake in RUTGERS NV, Belgium, for gross enterprise value of €702 million. The transaction is expected to be the largest ever Indian acquisition of a German business and provides product and end market diversification with Rutgers downstream processing operations and expands Rain CII's geographic footprint to Europe and other regions. Citi is acting as the Exclusive Financial Advisor to Rain CII on the transaction.
• Citi acted as lead financial advisor to United Breweries (Holdings) Ltd. and United Spirits Ltd. ("USL") on the transaction involving Diageo PLC acquiring a stake in USL, through a combination of primary and secondary shares. On completion of the share purchases and in the event that the tender offer is fully subscribed, Diageo will hold 53.4% of the enlarged USL. This landmark partnership is the largest Inbound M&A transaction into India in the last 18 months and one of the largest Inbound M&A transactions ever in India.
• Telenor ASA announced that through its new wholly-owned Indian entity, Telewings Communications Services Pvt. Ltd, it has been successful in securing spectrum license to provide mobile telephony services in six of the most populous telecom circles in India. Telenor's total bid in the spectrum auction was approximately US$750 million. Telenor, through Telewings, also announced that it has signed a new partnership agreement with Lakshdeep Investments & Finance Pvt. Ltd. Citi is acting as the exclusive financial advisor to Telenor in connection with this transaction and its overall India restructuring efforts.
• Citi India, acting as joint bookrunner, priced an inaugural US$500 million 10-year USD senior unsecured bond offering for Bharat Petroleum Corporation Limited. Key highlights of the transaction include largest orderbook oversubscription seen from an Indian issuer in 2012 YTD at 15.0x with 325 investors participating, excellent spread contraction and priced at the lowest spread vs. US Treasury amongst all 10-year bond issuances out of India in 2012.
• Citi, acting as joint bookrunner, priced a successful US$250 million re-opening of ICICI Bank's 4.70% notes due 2018. The transaction saw strong investor demand with an oversubscription of 5.6x with participation from over 140 investors. Citi continues to be the only bank to have led 15 out of 15 US dollar bond transactions out of India this year and continues to hold the top spot in the G3 debt capital markets league table since 2010.
• Citi, acting as Left Lead Bookrunner, priced $400 million USD Senior Secured Notes and €210 million EUR Senior Secured Notes, supporting Rain CII's acquisition of RUTGERS. The proceeds of the bond offering, together with cash on hand at Rain CII and RÜTGERS, will be used to fund the acquisition. This transaction marks the third foreign currency bond issuance by Rain Group in the last 5 years – with all three being led by Citi.
• Citi acted as a Sole bookrunner for Carlyle Group to sell their residual stake of 3.71% in HDFC Limited through a US$842 million Block Trade. This transaction represents the largest ever stake monetization by a private equity investor in India via a block trade.
• Citi India acted as the joint bookrunner to a hugely successfully ~US$160 million QIP Offering by Mahindra & Mahindra Financial Services Limited. Key highlights of the transaction include: priced without any discount and at par to the last closing price, overwhelming response from long-only public market investors across the globe and transaction was oversubscribed ~5x resulting in an overall demand of ~US$800 million.
• Citi India acting as a sole bookrunner, completed monetization of CLSA Mauritius' 6.1% stake in Apollo Hospitals ("APHS") through a bulk trade of US$127 million. Citi was awarded the transaction through a competitive bidding process, where Citi outbid other investment banks and displayed the strength of its franchise. Key Highlights of the transaction include opportune timing given the liquidity in equity markets, transaction executed on the back drop of a sharp rally in APHS stock price and well-crafted investor targeting strategy led to early identification of a global long only investor, who anchored the book which was covered within 4 hours of launch. Citi India continues to be the first call bank for block trades.
• Citi India acting as a selling broker for Government of India (GoI) raised ~US$1.1 billion, by monetizing GOI's 10% stake in India's largest Iron Ore mining company, NMDC Limited ("NMDC"). This trade was done through the Offer For Sale (OFS) format and was Citi's 2nd consecutive equity offering for NMDC. Some of the key highlights of transaction include 2nd largest OFS executed in 2012 , 3rd largest equity deal in Indian capital markets in 2012YTD and the deal gained early momentum upon launch and witnessed a good response from both foreign and domestic institutions with the total demand aggregating to ~US$1.8 billion. With this transaction Citi is firmly on course to being the #1 equity house in India for the 6th consecutive financial year.

• Citi is committed to inclusive growth and economic empowerment and in 2012 disbursed grants totaling INR 105 million towards the focus areas of Financial Capability & Asset Building, Youth Education & Livelihoods, Enterprise Development and Microfinance.
• Since its inception in 1999 the Citi Foundation grant program has catalyzed opportunities for approximately 1.75 million people across the country.
• Employee engagement activities and volunteerism are strong drivers of the citizenship program. In 2012, over 5000 employees of Citi India, along with their friends and families, celebrated Global Community Day, on June 16th 2012. Citi partnered with over 50 NGOs across Mumbai, Delhi and Chennai, to host large Community Carnival fundraiser events in conjunction with Concern India Foundation, celebrating Citi's 200th anniversary. The Citi partnership with the Teach For India program saw 135 employees register for the fellowship. The Payroll Giving Program had more than 350 employees who contribute approximately INR 2.88 million to six NGOs each month.
• Citi extends its support to an array of cultural and social causes, as part of its local engagement with communities. Citi has co-created the Citi-NCPA Aadi Anant Festival of Indian Music, instituted the Citi-NCPA Guru Shishya Scholarship program to award scholarships to deserving musicians and is the chief patron of the Symphony Orchestra of India.
• Citi India set up its Diversity Council in October 2011, to recognize, value and affirm the importance of diversity within our workforce. 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.

Awards in 2012

IAMAI India Digital Awards 2011

Best Financial Website

January 2012

The Asian Banker Excellence in International Retail Financial Services Awards 2012

Best Network Integration

February 2012

FinanceAsia Country Awards 2012

Best Foreign Investment Bank in India (for the 6th consecutive year)

June 2012

Institute of Public Enterprise

Excellence in Diversity Impact

June 2012

Indo-American Corporate Excellence Awards 2012

Best US Company in India in Financial Services

July 2012

Euromoney Awards for Excellence 2012

Best Equity House India

July 2012

Global Finance Best Internet Bank Awards 2012

Best Consumer Internet Bank (fourth consecutive year, 2009, 2010, 2011, 2012)

Best Corporate/Institutional Internet Bank

July 2012

Dun and Bradstreet-Polaris Financial Technology Banking Awards 2012

Best Foreign Bank (under retail banking category)

August 2012

Asian Investor Service Provider Awards 2012

Best Direct Custody, India (third year in a row)

October 2012

Asia Money - Cash Management Poll

Best Foreign Cash Management Bank-Large

Best Foreign Cash Management Bank-Medium

Best Local Currency Cash Management Services - as voted by Financial Institutions

October 2012

Asia Money - Fixed Income Poll

Best Pricing for Commodities Derivatives

Overall Best for Credit

Overall Best for Interest Rates

October 2012

The Asset Triple A Country Awards 2012

Best Foreign Investment Bank (for the 9th consecutive year)

November 2012

The Asset Triple A Country Awards 2012

Best Deal (Reliance Industries US1.5 billion senior notes due 2022, including US$500 million tap)

November 2012

The Asset Triple A Country Awards 2012

Best Equity House

November 2012

Businessworld Best Dealmaker Awards 2012

Ranked No. 1 in cross-border loans

December 2012