Citibank is one of the largest banks of the US founded by Moses Taylor and John Jacob Astor in 1812. It is the subsidiary of Citigroup. It was founded as City Bank of New York, later naming as First National City Bank of New York. By 1919, the Citibank had become the first US bank to have US$1 billion in assets.
The bank has also the largest financial lender of the world. Citibank was poorly affected by the financial crisis of 2008. The US government has to provide the bank with a support of US$50 billion in two installments of US$ 25 billion each. In India, the Citibank was founded in 1902 with its head office located at Mumbai. The bank is present at 28 locations as on April 13, 2009 in India. Citibank in India is dealing with customer with many provided facilities as Truth in Lending, Superior .
Products and Services, Quick and Transparent Credit facilities, Custodian of Public Funds and Lending is not a transaction, but a relationship. Citibank Suvidha Account Holders holds more than 150,000 greatly tech-savvy Account Holders from Bangalore, Mumbai and Delhi alone. Citibank has been carrying out its business in over 100 countries worldwide, which include of regular banking services along with credit card, insurance and investment services.
The bank declares to have a customer base of 15 million users provided by its online services division alone. More than half of its 1,400 offices are placed in the United States. The annual Income of Citibank is £15,000. The bank offers verities of services and products under the Personal Banking, NRI Banking and Corporate Banking categories. Citibank card are available in a range of flexible and personalized credit and charges can be managed online. There are some types of cards provide in India as MTV Citibank Card, Indian Oil Citibank Card, Citibank Silver International Card, CRY Card, WWF Card, Times Card and Citibank Cricket Visa Card.
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