India: Citibank launches CitiBusiness to target small businesses and professionals
Citibank India, a part of Citigroup, the world’s leading provider of financial services, has launched “CitiBusiness,” a suite of business and financial solutions targeted at the small businesses and professionals (SBP) community with annual turnovers of up to Rs.
50 crore (USD 10MM).
Small and medium size enterprises make up 95% of businesses in Asia Pacific. In India, the small businesses and professionals (SBP) community is estimated at more than three million, representing over 98% of business enterprises locally. –www.theasianbanker.com (May 31 2006)–