Experienced Banker Leads Citi India's Expansion in the Commercial Banking Sector

Citi India takes a strategic step by recruiting Ankur Khurana as the new leader of its commercial banking division. This decision reflects the Wall Street bank’s commitment to strengthening its position in the rapidly growing Indian middle-market sector.

Profile of the Selected Banker and Professional Background

Ankur Khurana brings solid credibility to his new role. This senior banker has over two decades of experience in the global banking industry, with a proven track record in coverage sectors. Previously, Khurana served as co-head of coverage for India and South Asia at Standard Chartered Bank, one of the world’s leading financial institutions.

This position is particularly important given Khurana’s career journey, which demonstrates deep knowledge of Asian market dynamics and the specific needs of mid-sized corporate clients. Citi’s confidence in this experienced banker shows their serious commitment to developing services in this segment.

Filling Leadership Gaps After Previous Transition

This leadership position has been vacant for several months, specifically since the second half of 2025. Khurana’s predecessor, Bhanu Vohra, left the role to join the India office of BDO, a rapidly growing global consulting firm. This transition highlights the competitive dynamics in talent search within the Indian banking sector.

Market Opportunities Driving Expansion Strategy

The appointment of this experienced banker comes at a strategic time. India is experiencing a very strong transaction momentum, with significant growth across various sectors. Equity capital markets are showing increased activity, while mergers and acquisitions continue to set new records.

The mid-sized corporate segment offers promising growth prospects for global financial institutions. As more Indian companies expand regionally and pursue cross-border acquisitions, the need for sophisticated commercial banking services becomes increasingly important.

Strategic Significance for Citi and the Industry

Citi’s investment in recruiting high-caliber bankers reflects the importance of the Indian market in their global strategy. With a leader who understands local nuances and has an international network, Citi is positioned to capture substantial growth opportunities in serving increasingly sophisticated mid-sized corporate clients in Indonesia.