Citigroup India said to hire Khurana to head commercial banking

Core Viewpoint - Citigroup Inc.'s India unit is enhancing its commercial banking operations by appointing Ankur Khurana as the head, aiming to capitalize on the growth of mid-sized companies in India [1][2]. Group 1: Appointment and Background - Ankur Khurana has over two decades of banking experience and previously worked at Standard Chartered Plc as co-head of coverage for India and South Asia [2]. - The position of head of commercial banking became available after the departure of veteran banker Bhanu Vohra in July [2]. Group 2: Market Context - Dealmaking activity in India is increasing, particularly in equity capital markets and mergers and acquisitions, indicating a robust market environment [3]. - The mid-market segment presents numerous opportunities as Indian companies expand operations and pursue acquisitions internationally [3].