Being the first Indian to head Citigroup, CEO Vikram Pandit says Citi will continue to support microfinance in India and work towards financial inclusion. Excerpts:
Your job has been described as one the toughest banking jobs in the history...
Leading Citi through one of the worst global slowdowns has certainly been challenging... but it also has been incredibly gratifying.
I took the job because I believe in Citi's purpose — connecting clients with the world and helping customers build their financial futures. I was also excited to rebuild the world's largest financial institution. The last two years have been difficult. However, I had the privilege of working with an incredible management team and 259,000 talented colleagues around the world. Together we have made tremendous progress and I am looking forward to our shared future.
What's your vision for Citi's future in India?
Citi has been in India for more than 100 years. We started in Calcutta in 1902 and in many ways India is home. We've got a strong franchise in India and are looking forward to be a part of the Indian growth story — from helping India's top global corporations, to supporting the growth and ambitions of its small and mid-size enterprises, to enabling individuals and households. We will continue to support micro-finance and financial inclusion and education. India will continue to grow and we will grow with India.