Citi’s India IB revenue nearly doubles as bank raises $16 billion for clients, shows data

Citi’s investment banking revenue in India nearly doubled as the bank raised $16 billion for clients, according to the available data.

Client fundraising highlights Citi’s India activity

The figures connect Citi’s stronger India investment banking performance with the capital it helped secure for clients. The bank’s reported fundraising total reached $16 billion, while its India investment banking revenue increased to nearly twice its earlier level.

The data points to a significant change in the scale of Citi’s India investment banking business. However, the information available does not specify the reporting period, the earlier revenue figure or the transactions included in the fundraising total.

What the data shows

• India investment banking revenue at Citi nearly doubled.
• Citi raised $16 billion for clients.
• The figures relate to the bank’s India investment banking activity.

With no further details provided, the available data establishes the revenue increase and client fundraising total but does not indicate how the business may develop next.