CITI NAMED INDIA’S BEST INVESTMENT BANK FOR ECM AND BEST ESG BANK AT EUROMONEY AWARDS FOR EXCELLENCE 2025
FinTech BizNews Service
Mumbai, July 24, 2025: Citi was named India’s Best Investment Bank for ECM and India’s Best ESG Bank at the Euromoney Awards for Excellence 2025.
Citi won a record 52 global, regional and local market awards from Euromoney, including CEO Jane Fraser winning the “Banker of The Year” award, at the annual awards event, which was held in London on July 17.
The Banker of the Year award recognized Jane’s unique leadership style and ability to influence significant change across the bank, highlighting Citi’s record financial performance in recent quarters and across each of its five businesses. “These awards are a testament to the extraordinary dedication of our colleagues around the world. Their hard work, innovation and commitment to our clients are driving Citi forward. I’m proud of the progress we’re making against our strategy — and this recognition affirms that we’re on the right path,” Jane said.
Euromoney, a leading global financial markets magazine, recognizes the best in banking across areas that are most important to a bank’s key stakeholders, clients, board and executive management teams. The period of consideration for the awards was the 2024 calendar year.
Citi India’s leadership in ECM and investment banking
Citi was a market leader in Capital Raising and M&A in India in 2024 across all products, including No. 1 Foreign Bank ECM house1, with a market share of 19.1%3. It was also No. 1 in M&A transactions1 and No. 3 bookrunner for G3 bond issuances in India.2
Sustained leadership in H1 2025
In the first half of 2025, too, Citi’s investment banking team in India has sustained its leadership in ECM, as well as across all other product categories4. Citi was the No. 1 in India ECM, No. 1 Blocks house in India, and No. 1 bank for cross-border ECM deals from India in H1’2025, having executed 11 ECM transactions, which helped raise c. US$5 bn, representing ~19% share of the ECM market. In H1’2025, Citi was also the No. 1 India M&A advisor, No. 1 India M&A sell-side advisor and No. 1 India M&A advisor for cross-border deals, having executed four transactions amounting to over $5 bn. In addition, Citi was the No. 1 foreign bank in INR DCM deals, executing five tranches that helped raise INR76 billion.
Citi India’s ESG leadership
Between 2021 and 2024, Citi India had ESG (Environmental, Social and Governance) loan sanctions of USD 3.1 billion from 141 sanctioned facilities in segments such as economic inclusion (USD 1772 million), food security (USD 436 million), affordable basic infra (USD 359 million), Healthcare (USD 83 million), renewable energy (USD 268 million) and recycling (USD 97 million).
Citi India’s ESG portfolio in 2024 was predominantly a part of the financial inclusion business initiatives undertaken in that year, with a total loan outstanding of USD 2.7 billion (on balance sheet). These inclusive finance initiatives impacted 3,42,230 households, of which, 3,22,034 belong to weaker sections of the society, as defined by Reserve Bank of India. The initiatives were predominantly targeted towards agribusinesses (USD 564 million) and MSMEs (USD 1.2 billion) and implemented organically, as well as by partnering with microfinance institutions, NBFCs, etc.
Citi reports its ESG activities and performance at a global level each year. In 2021, Citi committed US$1 trillion in sustainable finance by 2030, including US$500 billion in environmental finance and US$500 billion for social finance. It unveiled an initial plan to reach net zero emissions by 2050, including 2030 targets for its energy and power loans portfolios.
Speaking on the award wins, Citi India CEO & Banking Head K Balasubramanian said: “These awards are a validation of our longstanding focus on delivering the best to our clients, as well as enabling inclusive growth and economic progress.”
