Viswas Raghavan

Executive Vice Chairman & Head of Banking, Citigroup

Search every verified Viswas Raghavan interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Viswas Raghavan, Executive Vice Chairman and Head of Banking at Citigroup, said in November 2025 that the global economy is experiencing an "AI-fueled, AI-powered boom" that is "absolutely omnipresent." He compared the current AI cycle to the dot-com era, stating that AI will be "seismic in the impact it has" and will be "incredibly accelerated," leading to the emergence of new leaders and the crushing of "certain legacy models." Raghavan described the current environment as a "very deal conducive environment" for mergers and acquisitions, citing a more benign yield curve, high equity valuations, and approximately $2.5 trillion in private equity "dry powder" as key drivers. He noted that boards must justify their share prices, and if growth is not organic, companies will "go buy my growth." Regarding India, Raghavan described the country as being at a "pivotal moment" for foreign direct investment (FDI) and liquidity flows, comparing it to the opening of equity markets in 1992. He credited the Reserve Bank of India (RBI) for creating a regulatory framework that enables this shift, calling it a "watershed moment for liquidity flows." Raghavan also commented on the dominance of U.S. markets, stating that "America rules right now" with nearly 70% of the world's capitalization, and that the "Magnificent Seven" companies are "too solid to be wished away." On the topic of fraud in the banking sector, he said that while institutions can put defenses in place, "somebody's going to rob your house" and that the key is to run sanity checks to ensure controls are intact.