Which of the following banks has struck a deal to buy retail business of City bank of India?

The acquisition was part of Citigroup's global strategy to exit certain retail banking operations in markets where it does not have significant scale or growth potential.

Axis Bank's acquisition enhanced its presence in the credit card and consumer banking sectors, with a customer base expansion and increased retail products.

This deal is expected to strengthen Axis Bank's retail banking portfolio and provide opportunities for growth in India's competitive financial market.​

Axis Bank is one of the largest private-sector banks in India, and the acquisition aligns with its goal to strengthen its position in the retail banking and credit card market.