 Mumbai:
Citibanks
housing portfolio has increased by 40 per cent to Rs 1,200
crore. Says Citibanks Global Consumer Bank chief Sarvesh
Sarup: "The bank will also increase its funding by
entering into securitisation deals. Last year, we securitised
about Rs 100 crore worth of loans to insurance companies
and mutual funds."
Sarup says Citibank
Indias retail liabilities amounted to Rs 12,000 crore,
of which about 60 per cent was accounted for by NRIs.
"The banks auto-loan business earned
a profit of Rs 31 crore last year the highest in the
industry."
Citibank
is also in the vanguard of the Internet-banking movement,
with a high adoption rate. About 16 per cent of the banks
customers are active online. In the same period last year,
it was 9 per cent. The bank started Internet-banking in
1999.
|
