ICICI Securities, Axis, Kotak among top 5 managers of equity issuances
Non-scheduled payments banks, which have prior approval from RBI, will be eligible to act as a banker to an issue (BTI), Sebi said in a circular.
This is to avoid conflict of interest of competing firms
JPMorgan released $3 billion in reserves it had previously set aside for bad loans, almost twice as much as analysts had predicted.
IPOs by Indian companies totalled $3.9 billion in the first half of 2021, more than thrice the amount raised from the same period last year
Hyderabad-based Dodla Dairy and Krishna Institute of Medical Sciences announced their Rs 520-crore and Rs 2,144-crore IPOs on Friday
BankAm topped Dealogic's league tables for equities at $2.8 billion in deals (followed by ICICI Securities at $2.4 billion and JP Morgan, or JPM, at $2.4 billion) for FY21
Global banks are battling to keep junior investment bankers in Asia where financial technology firm and investment companies can offer a route to faster promotion and the prospects for higher earnings
Deutsche Bank is still working through how much flexibility it will offer employees over the long term, according to a separate memo earlier this week from investment-banking chief
Industry players estimate the average payouts to be in the range of 50-75 per cent of the bankers' annual salaries. For the top performers, the bonuses could be 100-125 per cent
ICICI plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total.
The move is likely to reassure regulators, who worried that Sewing had too much on his plate, potentially leaving the investment bank open to operational hazards
M&A advisory fee down 5.1 per cent to a three-year low of $303 million
Some investment bankers fear losing their competitive edge as they pitch digitally for business, amid concerns that younger bankers are falling behind
Asks them to direct investors to original source of public info
Market players said the lockdown and social distancing norms had made it difficult for companies, investment bankers and legal firms to do the paper work for IPO filings
At the fifth slot is SBI Caps closing three deals worth $2.9 bn, followed by Nomura Holdings with $1.7 bn across two deals, and IDSBI Capital Markets with $1.3 bn involving two deals
Billion-dollar deals aplenty for right business
Increments, on the other hand, are likely be shelved altogether considering the bleak outlook for fundraising in FY21
Debt capital market underwriting fees totalled $201.2 million, up 108.7 per cent from a year ago - the best-ever first three quarters since records began in 2000