Citi India has appointed Ankur Khurana as Head of Commercial Banking, effective February 9, 2026. With over two decades of banking experience, Khurana will lead strategy, growth, and performance for Citi’s mid-market corporate segment, reinforcing the bank’s focus on expanding its commercial banking franchise in India.
Citi India has announced the appointment of Ankur Khurana as the new Head of Commercial Banking, a role that had been vacant since July 2025. Khurana brings extensive experience from her previous leadership roles at Standard Chartered Plc and will now oversee Citi’s commercial banking operations in India.
The appointment underscores Citi’s commitment to strengthening its mid-market corporate banking segment, a key growth area in India’s rapidly evolving financial landscape. Khurana will report to Gunjan Kalra, Head of Citi Commercial Bank for Asia, and K. Balasubramanian, CEO of Citi India.
Key Highlights
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New Appointment: Ankur Khurana named Head of Citi Commercial Bank (CCB) India.
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Experience: Over 20 years in banking, previously with Standard Chartered.
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Strategic Focus: Driving growth in India’s mid-market corporate sector.
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Reporting Structure: Reports to Citi’s Asia leadership and India CEO.
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Role Scope: Responsible for revenues, portfolio quality, returns on capital, and operating efficiency.
This move reflects Citi’s ambition to expand its commercial banking franchise in India, aligning with broader regional priorities and strengthening its foothold in the country’s dynamic corporate sector.
Sources: Economic Times, Bloomberg, MN4U Bureau