AI narrative needs to change for India: K Balasubramanian, CEO, Citibank India

Citibank India's assets at GIFT City have expanded substantially, reaching around $2.5 billion from approximately $300 million to $400 million in March 2026.

The figure was provided by K Balasubramanian, CEO of Citibank India. The update highlights the scale of the bank's reported asset growth at India's international financial centre.

GIFT City assets climb to $2.5 billion

Citibank India's GIFT City assets now stand at about $2.5 billion, compared with the $300 million-$400 million range reported in March 2026. The source does not provide a breakdown of the assets or explain the factors behind the increase.

The reported change gives a clear indication that GIFT City has become a significant part of Citibank India's stated asset base. However, no additional details were provided on the composition, duration or business lines associated with the assets.

Separate call for a changed AI narrative

Balasubramanian has also said that the narrative around artificial intelligence needs to change for India. The available information does not include further details on the proposed shift or how it relates to Citibank's GIFT City operations.

For now, the key development is the reported rise in GIFT City assets to approximately $2.5 billion. Further details would be needed to assess the composition and wider business implications of the increase.