Sandeep Batra’s Post

One Year In: Axis Bank's Bold Leap with Citibank's India Retail Business 🌟 March 2023 marked a pivotal moment in India's banking history as Axis Bank seized the opportunity to acquire Citibank's India retail business for a remarkable $1.2 billion. 🚀 Now, as we reflect on the past year of integration, let's dive into the journey, challenges, and potential impact of this landmark deal. #AxisBank #Citibank #MergersAndAcquisitions #BankingSector #IntegrationJourney #FinanceIndustry #LinkedInPost #finance #financeandaccounting #capitalmarkets #AxisBank #Citibank #MergersAndAcquisitions #Banking #Finance #Integration #BusinessGrowth #IndiaBanking #FinancialServices #MarketTrends 🏦💼🌐

It was a privilege to engage with Mr. Sandeep Batra, Managing Director , Head of Wealth and Personal Banking HSBC India, on 13th August, 2024, as part of the XLRI PGDM(GM) CXO Series. Mr. Batra provided valuable insights into the evolving landscape of the banking sector. With over 25 years of experience across various international markets, Batra offered a unique perspective on the challenges and opportunities facing banks today. Key Takeaways: • Banking is fundamentally about people, technology, and trust. Building relationships and adapting to new technologies are crucial. • Being open-minded, curious, and willing to put yourself in uncomfortable situations helps drive growth and learning in one's career. • Cultural awareness and adaptability are important when working across different countries and markets. • HSBC is focusing on digital innovation, partnering with fintechs, and leveraging technologies like AI and blockchain while maintaining its global presence and legacy. • Compounding is crucial both in finance and in building one's career - consistent small gains over time lead to significant growth. • AI and other new technologies are seen as enablers rather than full replacements for human skills in banking. • Trust and company culture remain core differentiators in banking, even as technology advances. • HSBC is expanding in India through digital channels and select physical branches, focusing on areas where it can add unique value. The event concluded with a heartfelt vote of thanks, expressing immense gratitude for the wisdom and insights shared with the students of XLRI. Thank you, Mr. Batra, for an enlightening session that has undoubtedly inspired our future leaders in the world of Banking! #Banking #FinTech #DigitalTransformation #HSBC #GlobalBanking #AI #Blockchain #CareerInsights #FinancialServices #BankingInnovation #LeadershipInsights #IndiaBanking 

Learning new paradigm of International Banking And Wealth Management from Mr. Sandeep Batra was indeed a very insightful session!!

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Revealing Potential: Axis Bank's Route to Triumph via the Aquisition of Citi Bank's Customer Services"💯💯♦️♦️ The Deal Was Made for An Amount of Rs 11,949 Cr💫 (Resources Acquired by Axis Bank via Acquisition) 1-Gained 2.4 Million Consumers💪 #-The Bank now has access to Citibank's sizable, prosperous, and profitable customer base, which complements its Premiumization strategy perfectly. #-Furthermore, by acquiring 2.4 million Citibank India customers, Axis Bank strengthens its position in important growth markets, enhancing its already strong Axis brand. 2-Gained 3200 Citibank Employees♦️ #-Amitabh Chaudhry, MD&CEO, Axis Bank said Axis Bank already has a rich network of Citi alumni across the hierarchy, which reflects of the cultural alignment between the two organizations. Given the expertise that the new employees will bring to the table, we view them as a significant force to help drive our GPS(Growth , Profitability and Sustainability)objectives. 3-Credit Card advances increased to 55% 🏆 #- Acquisition had strengthen the Axis’s Market Position through High-quality credit card portfolio of 1.8 Mn+ cardholders with industry leading transaction per card and spend per card metrics. 4-CASA Ratio increased to 47%🎯 (CASA ratio means the amount of a bank's total deposits that are in both current and savings accounts.) #- The Bank now has deposits of INR 8,881 billion, with a large share of CASA at 77% and Savings Accounts making up 71%. This indicates that the bank had sufficient funds to invest in infrastructure development and the future. #- Prior to the Acquisition , Axis Bank's CASA ratio was 47%. Axis Bank Citi India

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The #DigitalDukaan offering by Axis Bank is really one of its kind. It's truly innovative, leveraging the computing power of the Apos machine to provide a comprehensive business solution for the MSME sector. What sets it apart is its simplicity and meaningful value delivery, making digitization accessible for through an OPEX model, sparing merchants from significant upfront costs. This enhances efficiency and integrates MSMEs into the broader digital ecosystem, optimizing growth across both demand and supply sides. #DigitalDukaan positions Axis Bank not just as a banking and payments partner but as a holistic business ally, committed to nurturing MSME growth. #MSMEs #DigitalTransformation

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