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Citi not to exit consumer finance business in India

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  • Published On: May 15, 2008
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Global financial services major, Citigroup on Thursday said it will not exit its consumer finance business in India and has infused $ 250 million (around Rs 1000 crore) into its Indian operations for this year. "We are not exiting (the consumer finance business) in India... Citi Financial is a large portfolio... we are just repositioning our business in certain segments," Citi India's Chief Executive Officer, Sanjay Nayar said in Mumbai.
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