AI narrative needs to change for India: K Balasubramanian, CEO, Citibank India
Reported by Economic Times Industry, not nibnow. We are not the publisher of this story, only the source is.
The CEO says long‑term capital‑gains tax and new UK‑India and EU‑India trade agreements could shape equity investing and create banking opportunities in India, affecting investors and companies alike.
Long-term capital-gains tax is a big factor on the equity side. On direct investment, the trade agreements are going to be a big positive. Trade agreements create potentially important UK-India and EU-India corridors. We have been doing a lot of work identifying companies that could benefit and engage with clients. For Citi, that opportunity can flow through services and markets and potentially through investment-banking transactions as multinational companies raise capital in India, says K Bala
Long‑term capital‑gains tax is a levy on profits from assets held over a year, influencing equity returns. Trade agreements between countries establish rules that can open market corridors for businesses, and banks like Citibank provide services and investment‑banking support for firms raising capital across borders.
- •Progress on finalising UK‑India and EU‑India trade agreements
- •Multinational companies initiating capital‑raising transactions in India
- •Citi's rollout of related services and market offerings