Q2 Edition (April - June 2010)

Citi @
Campus
In this edition…..
Quarter 2 @ Citi India: A note
from the CCO's Desk

Citi India bags best Consumer

Dear Students, and Corporate Internet Bank

Award
With great pleasure, we at Citi present to you a revamped version
of our quarterly campus newsletter Citi @ Campus.

We firmly believe that our best talent is sought from business Citi Microfinance "Crack the
schools. Hence, we think it's imperative to connect with you and
update you about Citi repeatedly in the year. Citi @ Campus is one capital markets”
such medium of keeping you apprised on the happenings at Citi.
We will continue to connect with you through our other channels
including our Corporate Interaction Series, our Partnership with ‘Impressions' - The Internship
College Festivals, our Scholarship Awards and of course our
Management Associate Program. Program at Citibank

The latest newsletter provides insights on our various businesses

and Citi's performance in Q2, 2010. With the economy bouncing
Citi - Larger Than Life
back on the growth trajectory, we have ambitious growth plans,
as we aspire to service our clients even better.

I hope you enjoy reading this newsletter. If you have any

Senior
suggestions or feedback, please feel free to write to Arun from the
Citi HR team at arun.mirchandani@citi.com. Appointments

Warm Regards,
Stephen Cronin
Human Resources Officer
Citi South Asia
2 Citi @ Campus

Q2, 2010 @ Citi India: A Note from the CCO's Desk

I am very pleased to share the

highlights for Second Quarter
2010.

First, a quick update on Citi's

second quarter end financials.
Our global net income was at
US$ 2.7 billion for the quarter
and US$ 7.1 billion for the year. It
was another solid quarter for
CCO - Pramit Jhaveri our region (Asia Pacific) with net
income of US$ 1.2 billion on
revenues of US$ 3.5 billion. Asia Pacific was also the
largest contributor to global net income for the quarter.
For first half of 2010, Asia Pacific has delivered net income
of US$ 2.5 billion on revenues of US$ 7.3 billion.
This sets the stage for our aspirations and strategic growth
objectives for Citi in India. This quarter has been notable
in terms of the industry recognition that we received.
Euromoney and FinanceAsia have recognized our
Investment Banking business in India as the best in its
category. Euromoney also recognized us as the Best
Global Transaction Banking
Citi employees along with children from
Byrajju Foundation create the Citi logo
House and Best Cash Management House in Asia. Global
Finance named Citibank's online platform the Best Internet
Banking Platform in India for the second year in a row. It is
also a matter of great pride for us all that Citi CEO Vikram
Pandit has been named Euromoney Banker of the Year.
Citi has been very focused on Corporate Social Responsibility
and we have launched several new initiatives over the past
few weeks, which demonstrate our commitment to the
community in India. We have recently committed to
donate our phased-out inventory of 500+ computers and
peripherals to about 20 NGOs. Each machine has been
made use-worthy with basic software and is in the process
of being handed to these institutions with adequate
installation support. The India Community Day, which was
held recently, saw nearly a thousand employees across the
country coming together as volunteers towards several
great causes.

Volunteers along with children from Akanksha hold

up the saplings that they have planted after
conducting a session on Climate Change
3 Citi @ Campus

Citi India Bags Best Consumer and Corporate Internet Bank Award

Citi India has won another two coveted awards
to add to the impressive list of kudos it has
received this year. Based on the strength of our
internet platform, Global Finance Magazine has
bestowed on Citi the "Best Consumer Internet
Bank in India" and the "Best Corporate Internet
Bank" awards for 2009.
This is another feather in the cap for Citi India,
which was earlier voted "Best Foreign Bank" in
the annual "Most Trusted Brands Survey 2009"
conducted by the Economic Times. This follows
achievements by GTS, which won the "Best
International Trade Bank in India" award given
out by Trade Finance Magazine. GTS also scored
in the 19th Annual Asiamoney Cash
Management polls which declared Citi as the
"Best Global Cash Management Bank" in the
small and medium categories, and for the
second time in a row was also voted "Best
Global Cash Management Services" by financial
Institutions in the small & medium categories.

Citi Microfinance-"Crack the Capital Markets"

Citi Foundation, ACCION International and EDA Rural

Systems recently co-hosted the "Microfinance Cracking the
Capital Markets" conference for microfinance investors,
with a focus on investments in South Asia and India.
The event took place in New Delhi, India, one of the most
vibrant microfinance marketplaces in the world. More than
250 institutional and private equity investors, investment
fund managers, venture capitalists, microfinance
institution leaders, investment bankers, and ratings
agencies convened to discuss successes, challenges and
trends in microfinance investment.

The conference featured a series of panel discussions on

equity and debt deals in the microfinance sector and their
implications for the future of the space. Topics included a
look at valuations as a potential barrier to entry of
additional equity capital, innovative debt financing deals,
and various structures for raising debt capital.

Interesting Facts:
= India is the world's largest microfinance market where more than 600 million people live on less than
US $1.50 a day
=30% of all microfinance equity transactions worldwide in 2009 took place in India

=Indian Microfinance Industry to cross 110 million clients and $30 billion in loan portfolio by 2014
 4 Citi @ Campus

'Impressions' - The Internship Program at Citibank

‘Impressions', our 8 week internship program, is structured to provide students like you a broad overview of our organization
and also provide meaningful exposure to a business function. Every project assigned has a definite business rationale giving
students exposure to some of the live business challenges in today's competitive environment.

Over a period of time, Citi has used this as an effective way to hire Management Associates (MA). Every year, basis the
performance during the internship and a rigorous pre-placement interview process, significant population of the Summer
Interns join Citi as MAs. For instance, in 2010, more than 50% of the total population hired for the MA program was a part of
'Impressions' at Citi.

Here is what some of the interns, who just completed their internship
with Citi have to say about 'Impressions':

I had a chance of being a part of Citigroup Global Markets - Market Risk team as a summer
associate. The internship was well structured where every summer intern was assigned a mentor
right from Day 1. My mentor regularly spent time with me to familiarize me with the culture and
working environment of the organization and then later on his guidance proved extremely
helpful while working on my projects. I completed two projects which gave me understanding of
the Risk aspect of the Markets business. The work culture was informal and everyone was
approachable and ready to help an intern out. Overall it was an enriching experience and my
gains from the process exceeded my expectation.

Ankit Mohan
(Class of 2011 - IIM Ahmedabad)

My project required me to analyze and suggest ways for improvisation of the sales process flow.
The best part of the internship experience apart from learning the tricks of the trade, was to
work in multicultural environment with highly competent people. As an intern I unabashedly
asked questions and understood the trade in and out. The open environment at Citibank
encourages a person to move out of his comfort zone and explore. One need not be restricted
to his desk; I could talk to people across the organization part of various functions and get a
view of the whole business. Summer internship program at Citibank is a structured
development program which is tailored to suit one's individual's needs. It allowed me the
opportunity to plot my own course and maximize my development. Neha Aggarwal
(Class of 2011 - DOMS, IIT Delhi)

When my internship commenced, I was very anxious about whether I would be able to live up to
expectations as per Citi Standards. But within the first few days, with impeccable support from
my project guide, I knew I had little reason to worry. My project involved a study of the Power
sector and at the end of two months, I felt that I had acquired more knowledge in that domain
than I could have imagined possible in a span of eight weeks. I was part of the Risk department
but received help and inputs from members of various other departments as well. Overall it was
an extremely pleasant experience and the value addition from my two months at Citibank
cannot be overemphasized.

Tresa Sankoorikal
(Class of 2011 - Jamnalal Bajaj Institute
of Management Studies)
5 Citi @ Campus

Citi - Larger than Life

Citi's blue wave at a mall in Gurgaon
these become obvious for Citibank to be. And not just
increased visibility in these places but also the ability to
offer relevant products, services and timely reminders of
the additional value Citibank offers to our customers. This
includes integrating physical presence with Internet and
mobile to bring the customer value where he least expects
it, but will be most thrilled by it," added Vijay.

In spite of only one physical branch in Gurgaon, Citibank's

If you speak with any employee from Citi you will no
doubt hear the phrase 'building perceptual scale'. It's
one of the most talked about phrase in Citi today. It is
more than an advertising or marketing campaign. It's all
about spreading awareness around Citi being bigger,
stronger and more omnipresent than just the branches
and ATMs we have in each country - the whole is
greater than the sum of its parts. And if you happen to
be in Gurgaon, India, you will see Citi building
perceptual scale in this city.
impact has been multiplied a thousand fold with 30 new-
look ATMs, shopping discounts at over 130 merchants,
Gourmet Pleasures at 100 fine dining outlets, 180 media
screens at prime locations, credit card offers at five Indian
Oil petrol stations, and six airport terminal ATMs!
Jonathan Larsen inaugurating
a new ATM at a
corporate park in Gurgaon

"We started by mapping out the life of an affluent

customer completely", explained Vijay Ramchandran,
Chief Marketing Officer, South Asia. "From where he
lives to where he works, eats, shops and hangs out -
6 Citi @ Campus

r A p p o int m e nt s
Senio Associate. A highly
experienced Citiba
nker,
rol,
in Financial Cont
ap po int ed Head of Ra hul has worked

R ahul Soot a ha s be en d Business

l Ba nk ing . Pe rso na l Lo ans, Mortgages an
Retail & Commercia signments Soota
ll be re sp on sib le fo r Citi's Le nd ing . Some of the key as
In this role, Rahul wi are
arly 20 years at Citi
an d Ci tig ol d Wea lth ha s held during his ne
Br an ch Ba nk in g Retail Bank.
es an d Su vid ha He ad of M or tgages and Head of
or tgag Head of Retail &
M an agem ent, M to being named
w ill al so le ad Ci ti' s Pr ior g
bu sin es se s. He ota was Managin
nk ing bu sin es s sp anning the Co mmercial Bank, So a
Commercial Ba he led
l, Sm all an d Mid Di re cto r of Citifinancial where
essio na
Business and Prof ehensive two-year
long remodeling
se gm en ts. co m pr
Market Enterprise Rahu l So ota
y its sources of
cise helping diversif
an d repositioning exer and Wealth
nk in 19 92 up on completion of e ac ro ss Pe rso na l Loans, Mortgages
the Ba revenu
Rahul Soota joined as a Management
Pr ice wa te rh ou se Management.
his articleship at

Senior Ap
pointme
nts
R ahul Shu
appointe
Corporate
kla has b
d as hea
een
d of G
During his
lobal Ban
tenure, h
e was res
ponsible
Banking k in g needs of for meeti
in India, for Citi re ng the
leading th g io n, includ T M T clients
that man e team in g originatin in A sia Pacific
ages the marquee g and ex
d M&A and e c u ti n
financing iv e rse ca pital mar g severa
Rahul S needs of ket deals l
hukla
corporate C iti's key .
clients in R a h u l Shukla
India. joined Cit
He has ex A s s o c iate from i in 1991
tensive e II as a Man
Asia. Befo x p e r ience wo years ha M B angalore agement
re this, Ra rking with s ga in a n d o v
hul was h c li ents in e d signific e r the last
& Techn ead of Te Banking ant expe 19
ology (TM lecom, M by workin r ie n c e
T) for th e d ia B anking in g in S o in G lo b al
e Asia P Singapore uth East
acific reg Asia Inve
ion. and the T s tm e n t
MT group
in Hong K
ong.