Dear Students,

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

schools. Hence, we think it's imperative to connect with you and

update you about Citi repeatedly in the year. Citi @ Campus is one

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

College Festivals, our Scholarship Awards and of course our

Management Associate Program.

The latest newsletter provides insights on our various businesses

and Citi's performance in Q2, 2010. With the economy bouncing

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

suggestions or feedback, please feel free to write to Arun from the

Citi HR team at arun.mirchandani@citi.com.

Warm Regards,Stephen CroninHuman Resources OfficerCiti South Asia

Citi @ Campus

Q2 Edition (April - June 2010)

Quarter 2 @ Citi India: A note

from the CCO's Desk

Citi India bags best Consumer

and Corporate Internet Bank

Award

Citi Microfinance "Crack the

capital markets”

‘Impressions' - The Internship

Program at Citibank

Citi - Larger Than Life

Senior

Appointments

In this edition…..

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

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.

House and Best Cash Management House in Asia. Global This sets the stage for our aspirations and strategic growth Finance named Citibank's online platform the Best Internet objectives for Citi in India. This quarter has been notable Banking Platform in India for the second year in a row. It is in terms of the industry recognition that we received. also a matter of great pride for us all that Citi CEO Vikram Euromoney and FinanceAsia have recognized our Pandit has been named Euromoney Banker of the Year.Investment Banking business in India as the best in its

category. Euromoney also recognized us as the Best Citi has been very focused on Corporate Social Responsibility Global Transaction Banking 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.

Citi @ Campus2

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

Volunteers along with children from Akanksha hold up the saplings that they have planted after conducting a session on Climate Change

Citi employees along with children from Byrajju Foundation create the Citi logo

CCO - Pramit Jhaveri

Citi Foundation, ACCION International and EDA Rural Systems recently co-hosted the "Microfinance Cracking the The event took place in New Delhi, India, one of the most Capital Markets" conference for microfinance investors, vibrant microfinance marketplaces in the world. More than with a focus on investments in South Asia and India. 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

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Citi India has won another two coveted awards conducted by the Economic Times. This follows

to add to the impressive list of kudos it has achievements by GTS, which won the "Best

received this year. Based on the strength of our International Trade Bank in India" award given

internet platform, Global Finance Magazine has out by Trade Finance Magazine. GTS also scored

bestowed on Citi the "Best Consumer Internet in the 19th Annual Asiamoney Cash

Bank in India" and the "Best Corporate Internet Management polls which declared Citi as the

Bank" awards for 2009. "Best Global Cash Management Bank" in the

small and medium categories, and for the

This is another feather in the cap for Citi India, second time in a row was also voted "Best

which was earlier voted "Best Foreign Bank" in Global Cash Management Services" by financial

the annual "Most Trusted Brands Survey 2009" Institutions in the small & medium categories.

Citi @ Campus3

Citi Microfinance-"Crack the Capital Markets"

Citi India Bags Best Consumer and Corporate Internet Bank Award

Citi @ Campus4

Ankit Mohan (Class of 2011 - IIM Ahmedabad)

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.

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)

Tresa Sankoorikal (Class of 2011 - Jamnalal Bajaj Institute

of Management Studies)

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.

‘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.

'Impressions' - The Internship Program at Citibank

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

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

impact has been multiplied a thousand fold with 30 new-

look ATMs, shopping discounts at over 130 merchants, If you speak with any employee from Citi you will no Gourmet Pleasures at 100 fine dining outlets, 180 media doubt hear the phrase 'building perceptual scale'. It's screens at prime locations, credit card offers at five Indian one of the most talked about phrase in Citi today. It is Oil petrol stations, and six airport terminal ATMs!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.

"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 -

Citi @ Campus5

Jonathan Larsen inaugurating a new ATM at a

corporate park in Gurgaon

Citi's blue wave at a mall in Gurgaon

Citi - Larger than Life

Citi @ Campus6

Senior AppointmentsAssociate. A highly experienced Citibanker,

ahul Soota has been appointed Head of Rahul has worked in Financial Control,

RRetail & Commercial Banking. Personal Loans, Mortgages and Business

In this role, Rahul will be responsible for Citi's Lending. Some of the key assignments Soota

Branch Banking and Citigold Wealth has held during his nearly 20 years at Citi are

Management, Mortgages and Suvidha Head of Mortgages and Head of Retail Bank.

businesses. He will also lead Citi's Prior to being named Head of Retail &

Commercial Banking business spanning the Commercial Bank, Soota was Managing

Business and Professional, Small and Mid Director of Citifinancial where he led a

Market Enterprise segments. comprehensive two-year long remodeling

and repositioning exercise helping diversify its sources of

Rahul Soota joined the Bank in 1992 upon completion of revenue across Personal Loans, Mortgages and Wealth

his articleship at Pricewaterhouse as a Management Management.

Rahul Soota

During his tenure, he was responsible for meeting the

ahul Shukla has been

Global Banking needs of TMT clients in Asia Pacific

Rappointed as head of

region, including originating and executing several

Corporate Banking for Citi

marquee M&A and capital market deals.

in India, leading the team that manages the diverse

Rahul Shukla joined Citi in 1991 as a Management

financing needs of Citi's key

Associate from IIM Bangalore and over the last 19

corporate clients in India.

years has gained significant experience in Global

Banking by working in South East Asia Investment

He has extensive experience working with clients in

Banking in Singapore and the TMT group in Hong Kong.

Asia. Before this, Rahul was head of Telecom, Media

& Technology (TMT) for the Asia Pacific region.

Senior Appointments

Rahul Shukla