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Citicorp
3.7
based on 4.8k Reviews
Video summary
Company Overview
Company Locations
Working at Citicorp
Company Summary
Committed to India for over 120 years, Citi takes pride in being a premier locally embedded financial institution, backed by an unmatched global network.
Overall Rating
3.7/5
based on 4.8k reviews
3% below
industry average
Highly rated for
Salary
Critically rated for
Promotions, Work satisfaction, Skill development
Work Policy
Hybrid
91% employees reported
Monday to Friday
77% employees reported
Flexible timing
66% employees reported
No travel
75% employees reported
View detailed work policy
Top Employees Benefits
Office cab/shuttle
365 employees reported
Health insurance
301 employees reported
Job/Soft skill training
288 employees reported
Cafeteria
227 employees reported
View all benefits
About Citicorp
Founded in1997 (28 yrs old)
India Employee Count10k-50k
Global Employee Count1 Lakh+
India HeadquartersMumbai, Maharashtra, India
Office Locations
Vijayawada
Websitecitigroup.com
Primary Industry
Other Industries
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Citi is an employer of choice in India, offering institutions a broad range of financial products and services, including corporate and investment banking, brokerage, treasury and trade services, securities and fund services. In line with our commitment to make a positive difference in the communities we work, Citi India's citizenship program targets its strategic efforts in the priority areas of Financial Capability & Asset Building, Microfinance, Enterprise Development, and Youth, Education & Livelihoods.
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Citicorp Ratings
based on 4.8k reviews
Overall Rating
3.7/5
How AmbitionBox ratings work?
5
2k
4
1.3k
3
758
2
307
1
507
Category Ratings
3.9
Salary
3.6
Job security
3.5
Company culture
3.5
Work-life balance
3.3
Skill development
3.3
Work satisfaction
3.1
Promotions
Citicorp is rated 3.7 out of 5 stars on AmbitionBox, based on 4.8k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Citicorp
based on 4.6k reviews
3.6
Rated by 1.6k Women
Rated 3.9 for Salary and 3.6 for Job security
3.7
Rated by 3k Men
Rated 3.9 for Salary and 3.6 for Job security
Work Policy at Citicorp
based on 658 reviews in last 6 months
Hybrid
91%
Work from office
8%
Permanent work from home
1%
Citicorp Reviews
Top mentions in Citicorp Reviews
+ 5 more
Compare Citicorp with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.7/5 based on 4.8k reviews | 3.8/5 based on 7.1k reviews | 3.9/5 based on 6.7k reviews | 3.9/5 based on 5.3k reviews  |
Highly Rated for | Salary | Work-life balance Job security | Job security Skill development Salary | Job security Work-life balance Company culture |
Critically Rated for | Promotions Skill development Work satisfaction | Promotions Skill development | Promotions | Promotions |
Primary Work Policy | Hybrid 91% employees reported | Hybrid 85% employees reported | Hybrid 50% employees reported | Hybrid 84% employees reported |
Rating by Women Employees | 3.6 Good rated by 1.6k women | 3.9 Good rated by 2.3k women | 3.9 Good rated by 2.3k women | 3.9 Good rated by 1.7k women |
Rating by Men Employees | 3.7 Good rated by 3k men | 3.8 Good rated by 4.7k men | 4.0 Good rated by 4.1k men | 4.0 Good rated by 3.3k men |
Job security | 3.6 Good | 3.9 Good | 4.0 Good | 4.0 Good |
View more
Citicorp Salaries
Citicorp salaries have received with an average score of 3.9 out of 5 by 4.8k employees.
Assistant Vice President
(5.2k salaries)
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₹17 L/yr - ₹50 L/yr
Officer
(2.9k salaries)
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₹12 L/yr - ₹37 L/yr
AVP
(1k salaries)
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₹19 L/yr - ₹50 L/yr
Senior Analyst
(856 salaries)
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₹5.6 L/yr - ₹22 L/yr
Associate Vice President
(796 salaries)
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₹19 L/yr - ₹50 L/yr
Analyst
(703 salaries)
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₹11.9 L/yr - ₹24 L/yr
Business Analyst
(674 salaries)
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₹10 L/yr - ₹34.2 L/yr
Senior Software Engineer
(587 salaries)
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₹14.3 L/yr - ₹40 L/yr
Software Developer
(470 salaries)
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₹11.5 L/yr - ₹33.1 L/yr
Team Lead
(466 salaries)
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₹4.9 L/yr - ₹19.2 L/yr
Citicorp Interview Questions
An Associate Vice President was asked 2w agoQ. What is the use of public static void main?
An Officer was asked 2mo agoQ. What is your understanding of stale and variance?
An Assistant Manager was asked 4mo agoQ. What are the approaches to process improvements?
A Senior Software Engineer was asked 2mo agoQ. How would you use multithreading for an OTP-based authentication syste...read more
A Data Scientist was asked Q. Explain the Gini coefficient.
Citicorp News
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PhonePe hires JPMorgan Chase, Citigroup, Morgan Stanley and Kotak as IPO bankers: Report
- PhonePe, India’s largest digital payments platform, has selected four global investment banks - JPMorgan Chase, Citigroup, Morgan Stanley, and Kotak Mahindra Capital - to handle its forthcoming IPO.
- The company is aiming to raise $1.5 billion in the IPO, potentially boosting its valuation to $15 billion.
- PhonePe is projected to file its draft red herring prospectus (DRHP) by August, with plans for a listing later this year.
- This IPO signifies PhonePe's shift from a high-growth startup to a publicly traded firm following its restructuring into a public limited company in April 2025.
- Founded in 2016 and originally based in Singapore, PhonePe later relocated its headquarters to India in 2022 to enable regulatory compliance and facilitate an IPO on Indian exchanges.
- PhonePe has now legally transferred the ownership of its IndusOS Appstore to India as part of its IPO arrangements.
- As of May 2025, PhonePe boasts 61 crore registered users, 4 crore merchants, over 34 crore daily transactions, and a total payment value exceeding Rs 150 lakh crore.
- In FY24, PhonePe's revenue reached Rs 5,064 crore, up 74% from FY23, with narrowed net losses of Rs 1,996 crore compared to Rs 2,795 crore in the previous year.
- Excluding ESOP expenses, PhonePe showed a consolidated net profit of Rs 197 crore in FY24.
- The company has raised around Rs 18,000 crore ($2.2 billion) to date, with significant investments coming from General Atlantic, Walmart, Ribbit Capital, Tiger Global, and TVS Capital Funds.
ISN | 25 Jun, 2025
Trump administration mulls ‘debanking’ executive order: WSJ
- The Trump administration is considering an executive order to prevent banks from cutting off services to politically unfavorable industries, including cryptocurrency firms.
- This potential move is in response to allegations of banks denying services to tech and crypto entrepreneurs in a debanking campaign known as “Operation Chokepoint 2.0.
- Around 30 technology and cryptocurrency founders were reportedly denied banking services during the previous Biden administration.
- Major US banks like JPMorgan Chase, Citigroup, and Wells Fargo have met with state officials to address accusations of refusing services to gun manufacturing and fossil fuel industries.
- In February, Senator Elizabeth Warren urged the administration to take action against big banks for denying services based on political or industry reasons.
- The US banking system faced challenges in March 2023 following the collapse of Silicon Valley Bank, Silvergate Bank, and the forced closure of Signature Bank.
- The collapse of these crypto-friendly banks was seen as part of a coordinated effort to “unbank” the crypto industry, dubbed Operation Chokepoint 2.0.
- Despite a more crypto-friendly regulatory environment under Trump, concerns about debanking in the industry may continue until 2026.
- Custodia Bank's founder Caitlin Long highlighted ongoing debanking risks for the industry, suggesting a potential regulatory fight in the future.
- She indicated that Trump had pledged to end Operation Chokepoint 2.0 during a White House Crypto Summit speech.
- The article also discusses issues like depegging and bank runs in the crypto space.
Coin Telegraph | 24 Jun, 2025
Trump administration mulls ‘debanking’ executive order: WSJ
- The Trump administration is reportedly considering an executive order to prevent banks from denying services to politically unfavorable industries, including cryptocurrency firms.
- This move is a response to allegations of banks denying services to tech and crypto entrepreneurs in a campaign called 'Operation Chokepoint 2.0.'
- Over 30 technology and cryptocurrency founders were allegedly denied banking services during the Biden administration.
- Major US banks like JPMorgan Chase, Citigroup, and Wells Fargo have met with state officials to address claims of refusing services to certain industries.
- Democratic Senator Elizabeth Warren urged action against big banks denying services based on political reasons.
- In March 2023, the US banking system faced setbacks with the collapse of Silicon Valley Bank and Silvergate Bank, leading to concerns in the crypto industry.
- The collapse of crypto-friendly banks was labeled as 'Operation Chokepoint 2.0.'
- Despite a friendlier regulatory environment under Trump, concerns about crypto debanking may persist until 2026.
- Caitlin Long, CEO of Custodia Bank, highlighted ongoing debanking risks in the industry despite potential regulatory changes.
- Long's bank was impacted by debanking efforts, causing significant financial losses.
- Trump had previously stated his opposition to 'Operation Chokepoint 2.0' during the White House Crypto Summit.
Coin Telegraph | 24 Jun, 2025
IPO-Bound Meesho Rejigs Board Post Reverse Flip
- Meesho, an ecommerce major gearing up for its upcoming IPO, has revamped its board with only two out of four top institutional investors retaining seats.
- The Meesho Pvt Ltd board, chaired by cofounder Vidit Aatrey, consists of eight members, including CTO Sanjeev Barnwal.
- Peak XV Partners and Elevation Capital are the two institutional investors on the board, with representatives Mohit Bhatnagar and Mukul Arora.
- SoftBank and Prosus Ventures have given up their board seats in the new structure after Meesho's reverse flip and merger into its India entity.
- Independent directors on Meesho's board include Rohit Bhagat, Surojit Chatterjee, Hari Shanker Bhartia, and Kimsuka Narasimhan, bringing expertise in finance and corporate governance.
- Narasimhan has replaced Kalpana Morparia for the fourth independent director seat on the board.
- Meesho is preparing to file its DRHP for a $700 Mn to $800 Mn public issue, having Citigroup, Kotak Mahindra Capital, and Morgan Stanley as its investment bankers.
- As part of its IPO preparations, Meesho's board restructuring aligns with SEBI regulations, ensuring appropriate composition of independent directors for public investor trust.
Inc42 | 24 Jun, 2025
PhonePe Reportedly Planning India IPO to Raise Up to US$1.5 Billion
- PhonePe, majority-owned by Walmart Inc., is reportedly preparing for an IPO to raise up to US$1.5 billion.
- The IPO could value PhonePe at around US$15 billion, with a draft prospectus expected to be filed by August.
- Founded in 2015, PhonePe is one of India's largest digital payments platforms by volume.
- The company processes over 300 million transactions daily and serves more than 600 million users across 40 million merchants.
- PhonePe operates primarily on India's Unified Payments Interface (UPI), a fast-growing real-time payments system.
- Kotak Mahindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley are reportedly appointed to manage the offering.
- Walmart and PhonePe have not commented on the IPO plans.
- PhonePe's IPO news was reported by Bloomberg via DealStreetAsia.
- PhonePe is a major player in the Indian fintech market.
- The IPO could potentially boost PhonePe's financial standing and expansion plans.
- The reported valuation of US$15 billion showcases PhonePe's significant market presence.
- PhonePe's daily transaction volume and user reach highlight its market importance.
- The company's reliance on UPI indicates its integration with India's digital payment ecosystem.
- The appointed banks indicate a strong financial backing for PhonePe's IPO.
- PhonePe's IPO news can impact India's fintech landscape and investor interest.
- The potential IPO underlines PhonePe's growth ambitions and strategic moves in the digital payments sector.
Fintechnews | 24 Jun, 2025
UBS Invests in Icon’s Payment Modernization Efforts
- UBS has made an equity investment in payments technology FinTech company Icon Solutions.
- The investment was announced on June 18 and follows additional funding from existing investors Citi and NatWest.
- UBS views Icon as a crucial partner in modernizing payment platforms with innovative infrastructure solutions.
- The investment solidifies the partnership between UBS and Icon to deliver faster and future-ready payment solutions.
- UBS, along with Citi and NatWest, will utilize Icon's Payments Framework (IPF) for their payments modernization programs.
- IPF allows banks to speed up the development, testing, and deployment of payment processing solutions while controlling costs and timelines.
- Icon's director and co-founder, Tom Kelleher, believes that banks should take the lead in their payments transformation, indicating confidence in IPF.
- PYMNTS highlights the increasing importance for banks to modernize in response to consumer preferences for instant payments and small businesses seeking faster access to funds.
- Research shows a growing preference for instant disbursements, with virtual accounts offering banks a competitive edge in meeting these evolving customer needs.
- Virtual accounts present an opportunity for banks to turn disbursements into customer-centric services that go beyond just transferring money.
Pymnts | 24 Jun, 2025
Meesho concludes reverse flip process; likely to file DRHP in 2–3 weeks
- Meesho, an ecommerce marketplace, has completed its reverse flip process and shifted its domicile to India.
- The company is expected to file the draft prospectus for its IPO in the next two to three weeks.
- The National Company Law Tribunal approved Meesho's reverse flip, which is likely to incur a tax of $280-300 million in the US.
- Meesho joins other Indian startups like Groww and Razorpay in moving their domiciles to India.
- Originally incorporated in the US for better access to global capital, Meesho relocates to India in preparation for an IPO on Indian stock exchanges.
- Meesho closed a $550 million funding round with new investors like Tiger Global and valued the company at around $3.9-4 billion.
- Kotak Mahindra Capital, Citi, JP Morgan, and Morgan Stanley are appointed as merchant bankers for Meesho's public issue.
- Meesho's rival Flipkart is also planning to redomicile from Singapore to India for an IPO in 2026.
- The company recorded 34% YOY growth in orders totaling 1.3 billion during the April-December 2024 period.
- Meesho had 187 million unique annual users as of December 31, a 26% increase from the previous year.
- CLSA reports Meesho at a GMV run rate of $6.2 billion and estimates a 26% compound annual growth rate over the next six years.
- Meesho's market share was estimated to be 37% in terms of order volume for 2024 and around 8.5% in terms of GMV.
- The company is focused on its upcoming IPO in India after completing the reverse flip process.
- Meesho's shift is part of a trend among Indian startups to relocate to India for potential stock market listings.
- The company's recent funding round brought in new investors and valued Meesho close to $4 billion.
- Meesho's growth in users and order volume highlights its expansion in the ecommerce market.
Economic Times | 23 Jun, 2025
Top takeaways from BI's conversations with real-estate investors
- Real estate investing is a popular choice for financial freedom but comes with risks and costs.
- BI's Kathleen Elkins shared insights from real-estate investors who built notable portfolios.
- Advice includes starting small, doing thorough research, and leveraging tax benefits.
- Notable examples include a former firefighter owning 30 properties with $30,000.
- Tools and strategies like software tools and mid-term rentals offer value in the market.
- In the markets, interns at Goldman Sachs and Blackstone learn important career tips.
- Citi escalates AI capabilities, and travelers are warned about higher costs this summer.
- Tech showcases AI's influence in hiring, legal-tech partnerships, and job market challenges.
- In business, Walmart gains appeal, efficiency tips from Wall Street leaders, and Peyton Manning's content production.
- Additional news covers Amazon's AI strategy, crypto investments, and Tesla's robotaxi delay.
Insider | 20 Jun, 2025
Rajeev Samuel Devadas: Pioneering Leadership in Cloud Modernization
- Rajeev Samuel Devadas is a prominent figure in cloud modernization and application migration with over 19 years of experience, currently serving as Application Consultant Architect at IBM.
- He holds various certifications from IBM, Microsoft, and AWS, shaping his technical expertise and analytical problem-solving approach.
- Rajeev began his career at IBM India in 2005, leading data center migrations for global clients like AstraZeneca, Novartis, Royal Bank of Scotland, and National Australia Bank.
- He later moved to Alphavista Services Inc. in 2015 and then rejoined IBM in the U.S. in 2017, where he led application modernization efforts for clients like Citi, Kaiser Permanente, CIBC Bank, SONY Electronics, and JC Penny.
- Rajeev's leadership style blends technical expertise with visionary thinking, guiding teams through successful transitions without service disruptions.
- His achievements include the 2020 Innovation and Delivery Excellence award, introducing Gen AI-led Application Assessment, and winning multiple IBM accolades and challenges.
- Rajeev contributes to academic and professional discussions on cloud modernization, presenting at IBM events and bridging theoretical frameworks with practical implementation.
- He continues to drive innovations in hybrid cloud architecture, data center modernization, and AI-integrated cloud assessment models, empowering teams for digital transformation challenges.
- Rajeev mentors architects at IBM's global delivery centers and refines modernization methodologies to align with business goals and regulatory requirements.
- As a thought leader, Rajeev shapes how enterprises adopt emerging technologies and optimize cloud investments, redefining the future of enterprise IT globally.
TechBullion | 20 Jun, 2025
U.S. Senate Passes GENIUS Act Stablecoin Regulations in Crypto First
- The U.S. Senate passed the GENIUS Act, a stablecoin regulation bill, in a 68-30 vote, moving one step closer to President Trump's approval.
- Senate Banking Committee Chairman and House Committee on Financial Services Chairman express anticipation for regulatory clarity in the digital asset ecosystem.
- The bill must pass the House before reaching Trump's desk, with implications for the global adoption of dollar-backed digital currencies and blockchain technology.
- Financial institutions like JPMorgan, Bank of America, Wells Fargo, Citigroup, and Circle are increasingly interested in stablecoins as the industry gains legitimacy.
- Major retailers like Walmart and Amazon are exploring embedded payments with stablecoins, while global banks experiment with cross-border liquidity management.
- The GENIUS Act's passage aims to reduce legal risks, foster industry confidence, and promote stablecoin adoption and innovation in the financial services sector.
- Concerns include potential risks to traditional banks from liquidity flight into stablecoins and issues related to monetary sovereignty and surveillance.
- Regulations require stablecoins to be backed 1:1 by U.S. Treasuries and subject to audits/AML, but there are ongoing discussions about further safeguards.
- Lawmakers are considering merging the GENIUS Act with broader legislation like the CLARITY Act, which could impact implementation timelines.
- If passed, the GENIUS Act will set a precedent for how digital currencies are managed, signaling a new era in financial innovation governance.
Pymnts | 18 Jun, 2025
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Citicorp FAQs
When was Citicorp founded?
Citicorp was founded in 1997. The company has been operating for 28 years primarily in the Financial Services sector.
Where is the Citicorp headquarters located?
Citicorp is headquartered in Mumbai, Maharashtra. It operates in 2 cities such as Hyderabad / Secunderabad, Vijayawada. To explore all the office locations, visit Citicorp locations.
How many employees does Citicorp have in India?
Citicorp currently has more than 32,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Citicorp based on the number of reviews submitted on AmbitionBox.
Does Citicorp have good work-life balance?
Citicorp has a Work-Life Balance Rating of 3.5 out of 5 based on 4,800+ employee reviews on AmbitionBox. 67% employees rated Citicorp 4 or above, while 33% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Citicorp work-life balance reviews for more details.
Is Citicorp good for career growth?
Career growth at Citicorp is rated as moderate, with a promotions and appraisal rating of 3.1. 33% employees rated Citicorp 3 or below, while 67% employees rated it 4 or above on promotions / appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Citicorp promotions / appraisals reviews for more detailed insights.
What are the pros and cons of working in Citicorp?
Working at Citicorp comes with several advantages and disadvantages. It is highly rated for salary & benefits. However, it is poorly rated for promotions / appraisal, work satisfaction and skill development, based on 4,800+ employee reviews on AmbitionBox.
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