Citi Bank is the largest international bank having its operations more than 100 countries. The origin of City Bank is traced to 1812 when the City Bank of New York was founded.
Subsequently the name was changed to First National City Bank of New York. At present Citi Bank is an arm of Citigroup the largest financial services company in the world.
Citi Bank is the major bank in the United Sates having more than 1400 branches. Most of its operations concentrated on New York City, Washington D.C., California, Chicago and other metropolitan areas.
Besides normal banking servies, Citi bank offers various value added services such as Insurance, Investments, Portfolio management, etc.
Citi Bank N.A.
Citi Bank is a pioneer private bank. It started its Indian operations way back in 1902 at Kolkatta, the erstwhile capital of British Raj in India with an investment of around US$ 1 billion.
Citi Bank N.A. is the largest foreign banks in India and operates more than 30 branches spanning across 20 cities offering various financial services and products under its various wings. Citi Bank offers complete range of financial products and services to corporate and industries under the brand name of “Citigroup”.
“Citi Bank” and “CitiFincials” are other wings of Citi Bank offering various ranges of consumer finance and investment banking. Citi Bank has a very strong customer base in India with 3,500,000 retails customers, over 23,000 SMB and 950 large corporate customers.
Citi Bank is prominent commercial banks in India and plays a very important role in Indian banking system. Citi Bank financial services include treasury management, cash management, trade finance, foreign exchange services, portfolio management and securities management.
Apart from traditional banking services Citi Bank offers Insurance products, Housing Loans, Vehicle loans and other type of retail consumer loans. The bank offers various types VISA and MASTER credit cards and one of the largest credit card companies in India.
This bank also issues exclusive cards on behalf of certain airlines, hotels, and oil companies. Citi Bank is the pioneer in providing Net Banking and Online Banking services in India. Citi Bank N.A. was selected as the best foreign bank in India in 2009 by Dun & Bradstreet for its best performances in 2008.