Mumbai: Citi has announced the appointment of Ankur Khurana as Head of Citi Commercial Bank (CCB) in India, effective February 9, 2026, reinforcing its strategic focus on the full-service Commercial Banking franchise, a key priority for the bank in Asia. Ankur will report to Gunjan Kalra, Head of Citi Commercial Bank for Japan, Asia North and Australia, as well as Asia South, with a matrix reporting line to K Balasubramanian, CEO and Banking Head, Citi India, and Indian Subcontinent Subcluster Head.
In her role, Ankur will be responsible for driving the strategy, growth, and performance of the CCB business in India. She will oversee the sustainable growth of the franchise and have complete accountability for revenues, portfolio quality, returns on capital, and operating efficiency. She will work closely with her counterparts across Banking, Markets, Services and Wealth to ensure clients have access to the bank’s leading products and solutions available in the market across all businesses.
Ankur will also ensure CCB has a targeted coverage approach in India by working closely with Investment Banking to scope out joint opportunities to drive the growth of the India Banking business. In addition, she will act as Senior Sponsoring Officer for key clients and collaborate with product, risk, and regional partners to deepen cross-border and multinational business flows.
CCB is an integral part of Citi’s global strategy and a key engine for growth. The business focuses on delivering Citi’s product suite — including cash and liquidity management, foreign exchange, trade finance, capital markets and lending solutions — to mid-sized and emerging corporates that are either global or seeking to build an international footprint.
Gunjan Kalra, Managing Director and Head of Citi Commercial Bank, Japan, Asia North and Australia, Asia South, said, “Commercial banking is a key growth engine for Citi globally and India remains one of our most strategic markets. As a full-service commercial bank, we have long partnered with Indian companies across their life cycle, combining deep local understanding with global capabilities. The opportunity lies in supporting ambitious mid-sized and emerging corporates as they scale and expand globally. We are very focused on ensuring that Citi plays a key advisory and execution role for our CCB India clients who are looking to tap into capital markets as well as execute on strategic M&A opportunities. Ankur’s experience in building high-performing franchises, coupled with her strong client and risk orientation, will be instrumental in strengthening our India business and deepening connectivity across the region.”
K Balasubramanian, CEO and Banking Head, Citi India, and Indian Subcontinent Subcluster Head, said, “India’s mid-market, as well as emerging corporates landscape, is entering a phase of accelerated development, with several companies in the space tapping into capital markets and expanding geographically. Our CCB franchise, which is deeply entrenched in the country’s startup ecosystem and banks almost 50 percent of India’s unicorns, plays a strategic role in driving the next phase of our growth in this segment. Ankur’s deep client relationships, strong financial expertise, and disciplined risk mindset will be critical as we scale the business and work with Indian companies pursuing complex, cross-border expansion.”
Ankur brings over two decades of global banking experience across Corporate and Investment Banking, strategic client coverage, financing, markets, and transaction banking. Prior to joining Citi, she served as Managing Director and Co-Head of Client Coverage – India & South Asia at Standard Chartered. Her career also includes leadership roles at Credit Suisse, JPMorgan, and ICICI Bank, advising and financing some of India’s largest corporates and multinational clients.
She holds an MBA in Finance and Marketing from XLRI Jamshedpur, where she was a double gold medallist, and a Bachelor of Commerce degree from the University of Delhi.
