The bank’s profit is buoyed by robust growth in its commercial banking and mortgage businesses.
Citi India, part of US-based global banking giant Citibank, it also helped Indian clients raise $18 billion from equity and debt markets and advised on merger and acquisition deals worth $10.4 billion during the year.
Besides, it was a leading arranger of capital for the India financial system with close to $8.5 billion raised and played a key role in the Indian government's disinvestment programme, the bank said while announcing its financial results.
Citibank India's profit after tax rose by 41.4 per cent to Rs 2,718 crore during the financial year ended March 31, 2013, while profit before tax rose 39.2 per cent to Rs 4,589 crore (Rs 45.89 billion).
At the end of last fiscal, Citibank India's total assets were Rs 1,28,380 crore (Rs 1283.8 billion), with advances growing by 10 per cent to Rs 52,036 crore (Rs 520.36 billion) and deposits rising by 3 per cent to Rs 66,559 crore (Rs 665.59 billion).
The bank said that its capital adequacy ratio stood at a healthy rate of 15.90 per cent and the net NPA ratio was 1.47 per cent.
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