Indian investment banking transforms itself

ICICI Securities' Murugappan reflects on the trends that have driven investment banking in India over the past 10 years.

Indian investment banking transforms itself

At the dawn of the decade, numerous confidence-building measures attracted the global financial community to India. Regulatory, monetary and policy reforms coupled with arguably the most robust banking system among the emerging Asian economies, made market participants confident about investing in a geography earlier known for its bureaucracy and license regime.

Steps such as the introduction of FO futures and options, a rolling settlement system and the opening of foreign investment gates in sensitive sectors resulted in a...

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