In an interview with Moneycontrol, Saraf also highlighted that founders of new-age businesses have now come to a point that they understand what it takes to have a sustainable performance in the market, not just in the IPO
As the sell-side advisor of blockbuster deals in 2025 like the $1bn plus sale of Akzo Nobel India to JSW Paints, the buyout of Haier India by the Warburg Pincus- Sunil Mittal combine and the $1.5 bn stake sale in Yes Bank to Japan’s SMBC, Citi has emerged as a force to reckon with on deal street. Moneycontrol’s Ashwin Mohan caught with Rahul Saraf, Head of Investment Banking , Citi India who shared key lessons from mega mandates, the potential of the Japanese and Middle-East deal corridor , IPO valuations, outbound shopping by India Inc and much more….
Citi Commercial Bank is an integral part of Citi’s global strategy and key engine for growth
Citi India CEO said renewables, semiconductors, electronics and battery energy storage are some of bright pockets where capex is expected to rapidly grow in the coming years.
The pipeline of companies waiting to hit the market is quite robust and there could be a meaningful spill over to early 2026, Balasubramanian tells Moneycontrol in an interview
Money raised from these deposits will be invested by Citi to help multinational customers meet their environmental, social and governance obligations in India, the people said.
Badrinivas will be the markets treasury regional head for Asia Pacific.
The merger could take up to 18 months to be completed, and according to analysts, it will be equally beneficial for both customers and the bank.
Jhaveri retirement was announced by the Citi Asia Pacific chief executive Peter Babej over email to the employees, the sources said.
Fiscal slippage worries will come to the fore if the GST revenue collections do not hit the Rs 1 lakh crore mark by FY19, said Badrinivas NC of Citi India.
Citi India in a message to its customers said it has banned usage of its debit and credit cards for purchase or trading of virtual currencies.
It is unlikely that the government may slip on the fiscal deficit target for one more year because it may impact their credibility, says Samiran Chakraborty, Chief Economist and Surendra Goyal, Head of Research, Citi India.
In an interview to CNBC-TV18's Latha Venkatesh and Nimesh Shah, Abhinav Khanna, Head-Equities of Citi India spoke about his views and outlook on the market.
Net Interest Margin (NIM) rose to 5.4 per cent as against 5.1 per cent in the previous fiscal. However, net non- performing assets (NPA) remained unchanged at 0.5 per cent.
It will reduce the interest rate to 8.80 percent from 9.50 percent, effective January 9, Citi India said in a statement.
"The MDR charges waiver has been extended till January 7 and the review would be done after that," Citi India spokesperson said.
The temporary suspension of the merchant discount rate (MDR) on all domestic debit card transactions it acquires will remain until December 31.
Sharp fall in consumer price index gives the central bank an opportunity to weigh in a more than 25 bps rate cut in the next 6-9 months depending on global cues, Badrinivas NC, Country Treasurer and Head of Local Markets Treasury at Citi India told CNBC-TV18.
India has performed in-line with emerging markets this year, he says, adding earnings recovery remains the key. He remains constructive.
Closely monitored indicators show we have turned the corner in terms of economic revival and though earnings might take a while to recover fully, we see the market discounting it even before it reflects in the numbers, says Abhinav Khanna, Head of Equity at Citi India.
Under its #CoInnovate programme launched in June this year, Microsoft Ventures is working with Reliance, Deshpande Foundation and ISDI Creative Accelerator.
American lender Citi said here on Wednesday that despite sluggish economic growth in the country, its unsecured loan book continues to grow and its quality has not been affected.
Citi India Chief Financial Officer Niraj Parekh expressed satisfaction at the performance saying, it comes in spite of the "uneven" and "unpredictable" growth scenario in the economy.
With the launching of wide ranging eco socio schemes like Jan Dhan, Swachh Bharat, Make in India ,Digital India , India is witnessing more than reforms. Citi's Aditya Narain cites the example of Budget wherein Finance Minister Arun Jaitley has strongly pushed for transformative agenda further.
Citi India hopes to raise Rs 300 crore from the sale. The property that is located in the premium business district Bandra Kurla Complex (BKC) has a total area is about 1 lakh square feet office space.