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Citi Bank may close down branches

citiCitibank is proposing to reduce the number of branches in India. The bank has been experiencing reduced footfalls in some of the banks as customers shift to various online channels for transactions. Some 10% of the branches in the country – the bank has 44 branches in all – would be closed down as a result of this decision, according to news reports. There has been no official confirmation about this.

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