IPL to get financial services from Citibank

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New Delhi, Apr 18 (UNI) The Indian Premier League (IPL) today announced that Citi has been chosen as the official Bank for the Twenty20 tournament that gets underway today in Bangalore.

The five-year multi-million dollar deal was reached yesterday.

''It is indeed a pleasure to partner a pre-eminent financial services company like Citi,'' IPL, Chairman and Commissioner, Lalit Modi said.

''I am certain the company's association with the DLF Indian Premier League as its official bank will prove to be a mutually beneficial partnership. This bears further testimony to the fact that the DLF Indian Premier League is here to stay and is set to carve out a distinct niche for itself in the international cricketing calendar,'' he added.

Citibank India, Chief Executive Officer, Sanjay Nayar said, ''We are delighted to partner the DLF Indian Premier League as its Official Bank. With its unique format and significant global appeal, there is no doubt the DLF IPL will be a success and a true cricket extravaganza.'' The DLF IPL will kick off today, with some high voltage action expected between Shah Rukh Khan's Kolkata franchise and Vijay Mallya's Royal Challengers of Bangalore at the M Chinnaswamy Stadium at Bangalore.

The League will feature eight franchises and will run for 44 days.

Each franchise will play the other teams on a home and away basis with seven matches at home. The top four franchises in the league will contest the semi-finals and the victorious semi-finalists will meet in the finals all over one weekend, which will be played in Mumbai.


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