Jane Fraser on Citi India performance
From CNBC TV18 Exclusive | Jane Fraser, Chair & Chief Executive, Citi on Markets & Economy · · CNBC-TV18
“So, um, we we closed that transactions in India in the summer of '23. By March '24, uh, '25, which is when we last reported our results, um, we have seen a 35% growth in net income versus where we were if where we were when we owned the the consumer franchise, our revenues have grown 30% and our balance sheet 25%. And I think this is something that for all of us is to take confidence in the power of focus. Um, we focused the franchise on clients who have cross-border needs, needs to tap into global markets, and we made sure that we are excellent and in deliver investing behind that and delivering that. And we've seen tremendous growth in the franchise here. We are still the most profitable foreign bank in India.”
On , Jane Fraser, Chief Executive Officer & Chair of the Board at Citigroup Inc, spoke about Citi India performance during CNBC TV18 Exclusive | Jane Fraser, Chair & Chief Executive, Citi on Markets & Economy on CNBC-TV18.
About Jane Fraser
Jane Fraser, Chair and Chief Executive of Citigroup, has been active in media appearances and investor events in recent months, focusing on the bank’s performance, strategic direction, and global economic outlook. During Citigroup’s first quarter 2026 earnings call, Fraser reported net income of $5.8 billion and described the quarter as “exceptionally strong,” noting that the bank had achieved the highest revenue growth of any firm on Wall Street. At the 2026 Investor Day, she set new medium-term return on tangible common equity (RoTCE) targets of 14-15% and stated that the bank is “only interested in and focused on organic growth.” In an interview with Barron’s, Fraser said the stock is “cheap” and urged investors to “get on the train,” adding that the firm is “only just getting started.” Fraser has also commented on macroeconomic risks and technology. In multiple CNBC-TV18 interviews, she identified cybersecurity as a “bigger threat” than other risks and said she views market optimism as “a tad optimistic,” noting that “markets think everything that can go right will go right.” During a visit to India for the Citi India Conference 2026, she met with Prime Minister Narendra Modi and said the “long-term India story is intact,” while urging the country to “stop selling herself short.” She also discussed artificial intelligence, stating that AI investment “doesn’t look overdone” and that the bank encourages clients to use AI models both for growth and to identify vulnerabilities.