Citi tops India investment banking tables with $16b raised

Citi’s India head of IB said they have a strong pipeline ahead.

Citi’s investment banking business reported a net revenue of $52b year-to-date, it said in an announcement on 9 October 2026.

This is equivalent to 7% of the total market share, and propelled Citi to the top spot in Dealogic’s India league tables.

Citi said that it has raised close to $16b for India-based clients and advised $36b of mergers and acquisitions (M&A) involving Indian companies.

Rahul Saraf, India head of investment banking at Citi, said that they have a strong pipeline of businesses ahead.

Indian companies, particularly those in the tech space, have continued to expand their international presence, according to Citi.