Citi’s India IB revenue nearly doubles as bank raises $16 billion for clients, shows data
· ET Stocks, Economic Times Markets
Citi’s India investment banking revenue nearly doubled to $52 million, making it the country’s top-ranked investment bank. The lender helped Indian companies raise nearly $16 billion and advised on $36 billion of M&A, driven by overseas expansion and technology-sector activity.
Market context
- The immediate tone of coverage reads positive.