The trade is emerging as RBI seeks to bolster foreign-exchange reserves and ease pressure on rupee, while creating opportunities for global banks to provide financing offshore

Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allow standby letters of credit against such deposits. The arrangement could amplify dollar inflows through offshore financing as India seeks to strengthen foreign-exchange reserves and support the rupee amid strong NRI deposits.

Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.

LM Advisors LLC boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 787.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,353 shares of the company

Pinnbrook Capital Management LP bought a new position in Citigroup Inc. (NYSE:C - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,300 shares of the company

Varma Mutual Pension Insurance Co trimmed its holdings in Citigroup Inc. (NYSE:C - Free Report) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 325,576 shares of the company

Northwestern Mutual Wealth Management Co. lessened its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 14.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 637,555 shares of the company

Clear Harbor Asset Management LLC reduced its holdings in Citigroup Inc. (NYSE:C - Free Report) by 11.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,297 shares of the company

Commerce Bank grew its position in Citigroup Inc. (NYSE:C - Free Report) by 25.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 272,289 shares of the company

Gabelli Funds LLC trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 237,380 shares of the company

Westpac Banking Corp reduced its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,732 shares of the company

Korea Investment CORP reduced its position in Citigroup Inc. (NYSE:C - Free Report) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,283,736 shares of the company

Ieq Capital LLC trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,211 shares of the company

EP Wealth Advisors LLC lifted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 19.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,481 shares of the company

Donald Smith & CO. Inc. lessened its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 27.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 933,085 shares of the company

Blue Capital Inc. adquirió una nueva posición en acciones de Citigroup Inc. (NYSE:C - Free Report) durante el segundo trimestre, según la compañía en su presentación más reciente del Formulario 13F ante la Comisión de Bolsa y Valores (SEC). El fondo adquirió 20.044 acciones de la empresa.

Las acciones de Citigroup cotizan por encima de los 129 dólares con una ganancia de dos dígitos en lo que va del año, mientras que una nueva valoración m