For the reporting year, it posted Rs 2,596 crore against Rs 1,575 crore a year ago, Citi said.
Citi's revenues for the year-ended March 31 jumped 44 per cent to Rs 10,586 crore from Rs 7,335 crore a year ago, it said.
The company's balance sheet for March 31 has swelled to Rs 1,07,679 crore up from Rs 84,395 crore, a jump of 28 per cent a year ago.
Citi has become the largest foreign bank in India after taking into consideration the profits and assets, Citi India CEO Sanjay Nayar told reporters.
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Citi has infused Rs 1,500 crore in March to support the company's non-banking financial companies and to meet the Basel II capital requirements, he said.