Global banks are pouring billions into India. UBS is hiring 2,000 people for a capability center; Goldman is injecting $500M; Citi is expanding commercial banking. These banks are pivoting India from a "peripheral market" to a core revenue engine (deal-making, private credit) and a high-value talent hub (AI/Risk modeling). This improves operational efficiency and opens a high-growth revenue stream. LONG. These banks are capturing the "India Reform" alpha. Regulatory hurdles in India; currency volatility (Rupee).