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      Question

      Citigroup Inc has planned to sell their Indian consumer

      businesses to the private lender ____ for  $1.6 billion.
      A Yes Bank Correct Answer Incorrect Answer
      B Axis Bank Correct Answer Incorrect Answer
      C HDFC Bank Correct Answer Incorrect Answer
      D IDBI Bank Correct Answer Incorrect Answer
      E Morgan Stanley Correct Answer Incorrect Answer

      Solution

      Citigroup and Axis Bank entered into a deal in which the citigroup will sell its Indian consumer businesses to the bank and will transfer about 3,600 Citi employees to Axis.

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