Axis MD: Citi deal to be completed soon

Axis Bank is trying to ensure the completion of its purchase of Citibank’s retail business by March 1 next year, but there is a possibility that the process could spill over to May, the domestic private lender’s MD, CEO Amitabh Chaudhry said.

“We’re still trying (for) March 1 very, very hard. There are some IT issues we need to sort out, we are keeping the RBI updated; all the work is going on.