Jump to content

Citibank India

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 121.243.61.82 (talk) at 11:01, 27 March 2013 (→‎Corporate Social Responsibility). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Citibank India
Company typeSubsidiary of Citigroup, Inc
IndustryFinance
Founded1902
Key people
Pramit Jhaveri
(Citi Country Officer, India)
Anand Selva
Country Business Manager, Global Consumer Group, Citi India
ProductsCredit Cards, Loans, Investments, Insurance and NRI Banking
Websitewww.citibank.com/india

History

Established 109 years ago in Kolkata, Citibank has a long history in India. Currently it is the largest foreign direct investor in financial services in India with a total capital commitment of approximately US$ 4 Billion in its onshore banking and financial services business and its principal and alternate investment programs.

It operates 41 full-service Citibank branches in 40 cities and over 700 ATMs across the country.

Citibank is an employer of choice to about 7,500 people

Products and services

Citi offers consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.

Citi's franchise in India includes businesses such as equity brokerage, equities distribution, private banking (Citi Private Bank) and alternate investments and private equity (CVCI).

Corporate Social Responsibility

The Corporate Citizenship function is the umbrella entity for all Corporate Social Responsibility activities undertaken by Citi India. The program is based on four key pillars – Grants made by Citi Foundation; Employee Engagement with Communities; Local sponsorships; and supporting Arts andgjgj lture.

Citi Foundation, the global philanthropic arm of Citigroup, began its grant giving in India in 1999 to support economically disadvantaged families by way of enterprise development, youth education and livelihoods, financial capability and asset building, and microfinance.[1]

  • In 2004, the Citi Micro Entrepreneur Award was instituted to recognize and honor exemplary micro entrepreneurs who have overcome economic and social challenges to successfully build self-sustaining microenterprises. http://www.microentawards.in
  • In 2004, the Citi Foundation provided core funding to set up the Indian School of Microfinance for Women (ISMW) in Ahmedabad. The Citi Center for Financial Literacy focuses on conducting financial literacy awareness campaigns for grassroots women borrowers and training programs for NGO/MFI staff and field workers. http://www.ismw.org.in
  • In 2007, Citi extended support to Meljol, an innovative program that brings financial education to schools across Maharashtra, Kerala Assam, Rajasthan, Orissa and Jharkhand.
  • In 2011, Citi partnered with the American India Foundation to support a project that will enable AIF to add financial education to its successful Market Aligned Skills Training (MAST) program and provide unemployed youth with the skills needed to secure service-sector jobs. http://www.aif.org/mast.html

Citi provides its employees regular opportunities to get directly involved with local communities and issues. Citi’s Payroll giving Program in partnership with United Way Mumbai, enables employees across the country to make regular donations to their ‘cause’ of choice. The annual Global Community Day celebrates the spirit of community work as employees across the country volunteer with local NGOs. Earth Week, celebrated in April, engages employees with issues in environment and conservation. Citi supports employees who would like to take up the Teach for India Fellowship Program.

Citi sponsors and provides charitable donations in cash and kind to small not for profit organizations and specific causes, on a need basis. Several of these causes are those that individual employees pursue in their personal capacity and Citi supports their commitment and passion.

Through Citi Cares, a Computer Contribution Program, Citi refurbishes its old computers and donates them to NGOs across the country. These machines provided are in excellent working condition and accompanied by the necessary peripherals.

Citi has been a strong supporter of the Arts for the past twenty years. It promotes Indian and Western art, culture and heritage through various sponsorships such as the Mumbai Sanskruti Festival and the Citi-NCPA partnership. Citi also supports underprivileged musicians through the Citi NCPA Guru Shishya Scholarship Program

Awards & Recogniztion

Citibank India has been awarded as “Best Foreign Bank Brand” in the Economic Times Brand Equity Most Trusted Brands Survey 2011 for the three consecutive years.[2]

Its also been awarded best India Online Banking Offers Greater Choice to Customers & Recognized as the 'Best Consumer Internet Bank in India' by Global Finance, three years in a row [3]

References

  1. ^ "Citi India Honours Individual Enterprise at the Citi Micro Entrepreneur Award, 2011". LiveMango. Retrieved 2011-12-06.
  2. ^ Template:Citi India
  3. ^ Template:Citibank India
Wikimedia Commons has media related to Citibank India.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Citibank_India&oldid=547237786"