Brokerages cheer Axis Bank-Citi deal

Axis Bank's acquisition of Citi's India retail business will give the lender access to the affluent client base and strengthen its retail franchise, said brokerages. Most analysts have retained a buy rating on Axis after the deal. Brokerages said the deal valuation is fair but the key will be to retain customers. Shares of Axis Bank ended up 1.39% at ₹760.65 on Thursday.

via Economictimes