{
  "id": 16517877,
  "title": "AI narrative needs to change for India: Citibank",
  "url": "https://urgent.news/2026/10/25/ai-narrative-needs-to-change-for-india-citibank",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-25T19:10:24.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/banking/finance/banking/ai-narrative-needs-to-change-for-india-k-balasubramanian-ceo-citibank-india/articleshow/135197104.cms"
  },
  "original_language": "en",
  "account": "Citibank India has focused on its institutional-banking sector after exiting the consumer loan business. Its client-asset book now exceeds ₹1 lakh crore. CEO K Balasubramanian remains optimistic about India's potential for AI-linked opportunities and foreign investments, particularly if global AI trends shift. Foreign investors are currently drawn to markets offering disproportionate returns and are comparing India's P/E ratios unfavorably. Despite inflation and unemployment concerns, the US economy remains robust, and AI is a major player there. India's AI capabilities are lacking compared to the US and Taiwan. To attract more foreign investment, India could implement long-term capital-gains tax and trade agreements to create beneficial corridors with the UK and EU. Citibank has seen a 76% increase in institutional revenues excluding consumer business between 2023 and 2026 and expects further growth, emphasizing robust underwriting to avoid overexpansion. GIFT City's asset base has expanded from $300-400 million to around $2.5 billion.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}