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Citi Releases Sustainable Deposits Solution in India

Global banking group Citi has introduced a sustainable time deposit solution in India to aid institutional clients in investing their excess cash while simultaneously promoting sustainability objectives. The initiative aims to allocate funds deposited by clients to finance or refinance assets in a diversified portfolio of eligible social finance projects. These projects will focus on expanding access to low-income and underserved communities across various sectors such as affordable basic infrastructure, affordable housing, economic inclusion, education, food security, and healthcare. By investing in these areas, Citi aims to contribute to the development of sustainable and socially responsible initiatives in India. “Sustainable solutions in India are gaining significant traction from clients who are looking for customized solutions to help meet their sustainability goals. The expansion of our sustainable deposits product suite in India shall support our clients in their ESG-transition journey, said Mridula Iyer, Head of Treasury and Trade Solutions (TTS) at Citi India and South Asia.

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