Question
Where is Citibank's global headquarters
situated?Solution
Citibank maintains its global headquarters in New York, United States. Recently, the Reserve Bank of India imposed a monetary penalty of Rs 39 lakh on Citibank for regulatory violations, including delayed reporting of breaches in 'Large Exposures' limits and failure to upload rectified data within the prescribed seven-day period following receipt of rejection reports from Credit Information Companies.
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