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Why are foreign banks exiting India or scaling down operations?

Why are foreign banks exiting India or scaling down operations?

Update: 2024-08-03

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Recently, the transition of Citibank’s retail business to Axis Bank was completed. Like Citi, several other foreign banks have shrunk operations in India or exited altogether. They have set the standard in customer service but increasing competition, rising bad loans, and complicated and costly compliance requirements have all been a deterrent. What does this mean for you, the customer?

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Why are foreign banks exiting India or scaling down operations?

Why are foreign banks exiting India or scaling down operations?

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