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Citibank started operations in the year 1902 almost a century ago in Kolkata (then Calcutta) and today has evolved as one of the most prominent foreign investors in the Indian financial market. In the role of a promoter and shareholder Citi has played the main role in creating crucial market intermediaries such as credit bureau, depositories, payment institutions and clearing. Citigroup also laid the foundation of the software market in India as well by establishing the Iflex Solutions Ltd. and Citicorp Overseas Software Ltd. which were later acquired by Oracle and TCS respectively.
Citi is the employer of choice and thus more and more people want to work in association with it. The spectrum of its clients may range from committing capital to the top global corporations of India, create markets and take care of their global cash standing to support the growth of small and mid-scale enterprises and allowing the individuals and households save, spend, invest, borrow and guard their money with complete confidence and trust.
Since the inception of Citi foundation in the year 1999, it has created opportunities for more than 2.5 million people throughout the country. In the year 2015, the Citi foundation also invested 2 million US dollars into projects benefitting more than 300,000 individuals. Citi India has also contributed millions of INR in the programs related to education, protection of natural heritage, preventive healthcare, environment sustainability and women empowerment.
The employees of the Citi group are also not behind when it comes to doing their bit. In the year 2015, 600 Citi group employees donated INR 5.2 million to 7 NGOs. This was made possible by the “payroll giving program” of Citi.
The company also have several awards to its name as well and has received the award for “the best foreign bank” at various awards, multiple times.