Vikram Pandit quits Citigroup
The Board of Directors has unanimously elected Michael Corbat, CEO and a director of the Board, the company said.
The development comes a day after the India born CEO-led the US banking giant reported 88 per cent plunge in net profit at $ 468 million in the July-September quarter.
Nagpur-born Columbia University graduate Pandit, 55, had been the CEO of Citigroup since December, 2007.
Trading at the Bombay Stock Exchange closed 125.66 points down to stand at 20729.26. At the National Stock Exchange the Nifty closed 40.90 points down to stand at 6,160.95. Adani Power and Dish TV India were among the top gainers of Group A with an increase of 6.39% and 3.89%.
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