Press release from Business Wire India
Source: Citi
Tuesday, September 13, 2011 11:57 AM IST (06:27 AM GMT)
Editors: General: Consumer interest, People; Business: Accounting & management consultancy services, Banking & financial services, Business services, Information technology; Technology
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Citibank India Wins the Dun & Bradstreet Banking Award 2011 for SME Financing
Mumbai, Maharashtra, India, Tuesday, September 13, 2011 -- (Business Wire India) -- Citibank India today announced that it has been awarded the 'Best SME Bank' for 2011, under the Foreign Bank category by Dun & Bradstreet - Polaris Software Banking Award. The Awards seek to recognize the growth and resilience of the Indian banking industry. The winner was determined amongst 62 scheduled commercial banks (SCBs) with a total income of Rs.1000 million and above.
Rajat Madhok, Head of Commercial Bank, Citi India said, "This recognition stands testimony to the faith clients have in our differentiated offerings. We remain committed to providing innovative solutions on our worldwide platform that will serve the global ambitions of our clients in this critical and growing market segment of the Indian economy."
Mr. Mohan Ramaswamy, COO, Dun & Bradstreet India said, "I congratulate the team at Citibank India for winning the award for Best Foreign Bank in SME Financing by exhibiting a robust performance in the SME segment, thus acting as a catalyst for the development of the small and medium enterprises of the country."
Citibank set up its Commercial Bank division in 1998 as a dedicated strategic Business Unit focused on the emerging local Corporates. In addition to expert advice and services the unit offers its clients a complete range of corporate banking products and services which includes Operating Accounts, Cash Management, Trade Finance, Treasury and Risk Management, CitiDirect® Online Banking and Investment Management & Advisory. Strategic Products include Advice on Acquisitions, Mergers and Divestures, Capital Markets, Structured Trade Finance. Citibank was the first to introduce electronic banking channels to Emerging Corporates in India which include Online and Phone Banking, email statements as well as event-based email and mobile alerts. Citi Commercial Bank is currently a dominant player across several industry verticals like textiles, auto ancillary, chemicals, pharma, information technology, ITES-BPO and capital goods.
About Citi:
Citi, the leading global financial services company, 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. Additional information may be found at www.citigroup.com | Twitter:@Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Committed to India for over 109 years, Citi takes pride in being a premier locally-embedded financial institution backed by an unmatched international network. Citi's presence in India spans 42 Citibank branches across 30 cities and over 700 ATMs. With capital invested of over US$4 billion, Citi is the single largest foreign direct investor in the financial services industry in India and offers consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi is an employer of choice to approximately 7500 employees in India. Citi's franchise in India includes businesses such as equity brokerage, equities distribution, private banking (Citi Private Bank) and alternate investments and private equity (CVCI). In line with our commitment to make a positive difference in the communities where we work, Citi India's citizenship programme targets its strategic efforts in the priority focus areas of Financial Capability & Asset Building, Microfinance, Enterprise Development, and Youth, Education & Livelihoods.
Additional information may be found at http://www.online.citibank.co.in/press-room/citi-in-india.htm
CONTACT DETAILS
Debasis Ghosh , Citi, +91 (22) 4001 5009, debasis.ghosh@citi.com
Pooja Ahluwalia, Citi, +91 124 418 6868, pooja.ahluwalia@citi.com
Shreela Roy, IpanhillandKnowloton, +91 9820149119, sroy@ipanhillandknowlton.com
KEYWORDS
CONSUMER, PEOPLE, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY
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