Citicorp Finance (India) (CFIL) is transforming its enterprise technique to deal with company lending within the nation. This follows Citigroup’s determination to exit client finance in India.
Apart from company loans, which have a 13 per cent share in its asset books, CFIL continues to supply different institutional lending merchandise.
Score company CRISIL, whereas reviewing CFIL, mentioned the corporate will proceed to play a strategic position in India and complement Citigroup’s suite of choices. It affirmed its ‘AAA’ ranking on the financial institution amenities of CFIL.