Citi had said in April it would exit consumer businesses in 13 markets, including Australia, China and India, as part of a turnaround strategy to bring the bank in line with the profitability of its rivals.

NAB confirmed the talks in a brief statement to the stock exchange, adding that there was no certainty the discussions would lead to a deal.

(Reporting by Shashwat Awasthi; Editing by Arun Koyyur)