Citibank launches Citibusiness to target small firms

New Delhi, May 19 (UNI) Citibank India, a part of leading financial services provider Citigroup, today launched 'CitiBusiness' to target the small businesses and professionals (SBP) segment with annual turnovers of upto Rs 45 crore.

Under the CitiBusiness programme, services including PowerAccess, a business designed to address the limitations faced by smaller businesses would be offered by leveraging on the collective power of CitiBusiness customers.

CitiBusiness Account, CitiBusiness Card with with loans from Rs 10 lakh to Rs 10 crore for equipment finance, working capital requirements, export finance, and purchase of commercial real estate and advisory services for strategy, marketing, HR and web services would be the other services on the anvil.

Speaking on the occasion, CitiBusiness Business Manager Rajiv Jamkhedkar said, ''CitiBusiness will naturally fill the gap between what is being offered by the market and what these companies really need.'' Presently, PowerAccess hosts discounts for CitiBusiness customers on business-related requirements from DHL, eOfficePlanet (eOP) India Pvt Ltd, Fortune Hotels, Hewlett Packard, Samsika Marketing Consultants Pvt Ltd and Sarovar Park Plaza.

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