Citibank is one of the largest banks in the U.S., and is a part of the financial services company Citigroup.

Citibank had been founded in the year 1812. Initially its name was City Bank of New York, which was later changed to First National City Bank of New York. In over 100 countries worldwide, Citibank has been carrying out its operations, which comprise of regular banking services along with credit card, insurance and investment services. The bank claims to have a customer base of 15 million users catered by its online services division alone. As Citibank was badly affected by the financial crisis of 2008, the U.S. government provided the bank with an aid of US$ 50 billion in two installments of US$ 25 billion each. Presence in India In India, Citibank is present at 28 locations as of April 13, 2009. These locations include Jalandhar, Ludhiana, Chandigarh, Noida, Delhi, Gurgaon, Faridabad, Lucknow, Jaipur, Ahmedabad, Vadodara, Indore, Bhopal, Surat, Nashik, Aurangabad, Akola, Bhubaneshwar, Kolkata, Vapi, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Pondicherry, Cochin and Coimbatore. Products and Services The bank offers a variety of services and products under the Personal Banking, NRI Banking and Corporate Banking categories. The services offered by the bank under Personal Banking are

Loans and Credit Cards, Regular Banking services such as savings account, business banking solutions including Personal Wealth Management and investment options such as Mutual Funds and Demat Services. The bank also offers various insurance solutions and hi-tech banking services such as Online Bill Pay, Pre-paid Mobile Recharge, Internet Banking and CitiAlert account statements on the mobile phone. NRI Oriented Services For its Non-Resident Indian (NRI) customers, Citibank provides a wide range of services including Rupee Checking Account, Money Remittance, Investment solutions and Home Loans for the NRIs. Citibank also pays specialized attention to its corporate customers in India through its Corporate Banking services, which comprises of an array of customized banking solutions tailor-made according to the needs of its corporate customers in India. These services include Cash Management, Trade Services, Loans, Securities and Fund Services, and Investment Banking services. Global Commercial Bank Services Apart from it, Citibank also offers Global Commercial Bank services through its Commercial Relationship Banking wing and Global Subsidiaries Group. The Commercial Relationship Banking services are aimed at helping the Small and Medium Enterprises (SMEs) and Mid Market Enterprises, while the Global Subsidiaries Group provides comprehensive banking services for the top multinational corporates and their subsidiaries in India.

Head Office Citibank Center, 7th Floor, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Website: http://www.online.citibank.co.in

Types of product offered bu citi bank.

Spot and forward FX solutions: Support dynamic hedging and best coverage for cross currencies on working days and holidays No. 1 in INR Short tenor options: Market leader in G3 currency options Risk management solutions: To minimise earnings volatility, manage transaction risks, protect budgeted rates etc for: o Indian companies having currency exposure: export receivables, import payables, ECBs, EEFC balances etc. o Foreign investors investing in India: Customised solutions for FIIs, FVCI and FDI. Online FX dealing platform: For select customers having regular FX flows

Citi credentials and market awards

Market Penetration: o With a base of more than 2,000 clients, Citi is the largest foreign bank in India. Our FX market

o o

share is almost double the next largest foreign bank Our market share is greater than SBI: SBI - 8,000 + branches vs. Citi - 27 branches Citi India FX market share: 15% largest among all players in India Average FX market share: 22-23% in INR FX Forward market share: greater than 23% in INR Citi has the largest overnight position limit granted by RBI to any foreign bank

Awards

FX House of the Year

Rated No. 1 by corporates for FX in 2007, 2006 and 2005 Rated No. 1 for forwards in EM Asia

Citibank India top-rated in FX services in 2007, 2006 and 2005 Best bank in FX services overall Best Bank in competitive and prompt spot pricing

Best FX prime broking services 2008

Pioneering initiatives taken

Centralised treasury: Enhanced capability to service clients and provide best FX rates given centralised coverage of countrywide flows Structured FX desk catering to each client segment

Key benefits of dealing with Citi India

Citi India is a dominant player in corporate FX in India with market share in corporate FX for INR being more than 20% Has a focus on providing innovative and customised FX hedging & pricing solutions to clients Superior product and service offering: o Competitive pricing: We have the ability to quote competitively, owing to offsetting flows and large book size o Multi-currency capability o Innovative pricing solutions o Best FX deadlines: Dedicated night desk on all working days up to 9.30 P.M. and on certain days

coverage later than 9.30 P.M., holiday desk on Indian public holidays

Gujarat.. Citibank embroiled in a Rs.400 crore money laundering scam Another scam to make the headlines in Decem-ber last year was the Rs.400 crore fraud involv-ing global financial services and banking firm, Ci-tibank. The fraud being carried out at the banksGurgaon branch involved siphoning of funds fromits HNI customers. The chief culprit in this scam isShiv Raj Puri the relationship manager at Gurgaonbranch who lured HNI customers into investing infraudulent scheme that offered high returns. Themoney invested by the HNIs into the scheme wasinstead divert-ed into differ-ent accountsthat Puri hadopened atvarious places in the name of his close relatives.Following this Gurgaon police arrested Shiv RajPuri who upon questioning divulged the name ofSanjay Gupta, the CFO of Hero group as one ofhis accomplices. Gupta is alleged to have formedtwo finance companies BG Finance and G2S and The Niveshak Times www.iims-niveshak.com NIVESHAK 6 T h e Y e a r T h a t W a s

invested around Rs 250 crore from different HeroGroup companies and their promoters into thesecompanies apart from taking a commission of Rs.20 crore from Puri.