Citigroup has vaulted to the top of India's investment banking fee league table for the first half of 2026, a dramatic climb from 27th place a year earlier, as the U.S. bank's fees in the country surged 705% year-on-year to $60.3 million, according to data from LSEG Deals Intelligence.
The jump gives Citi a 9.8% wallet share of India's total investment banking fee pool, which itself shrank 20% year-on-year to $614.1 million in the first half. Citi's rise was propelled by its dominance in dealmaking: the bank also topped the M&A financial advisory rankings, advising on $30.2 billion worth of announced deals with any Indian involvement, a market share of 34.7% and a 1,047% jump in value from a year ago, across just 8 deals.
