Churn among Indian investment banks

Saurabh Sonthalia, Keshav Sanghi and Alagappan Murugappan, senior investment bankers at BoA Merrill, Citi and ICICI Securities, respectively, bank their bonuses and jump ship.
March 14, 2011

Former UTI Bank CEO Nayak to join Advent

In advance of opening a full-fledged India office, financial sponsor Advent appoints P J Nayak, previously with UTI and Axis, as an operating partner.
July 16, 2009

UTI Bank raises $654 million from follow-on

About 60 investors participate in the combined QIP and GDR offering, while a concurrent preferential share sale allows the bank to reap more than $1 billion in total.
July 23, 2007

UTI Bank records low coupon

IndiaÆs third-largest private sector bank raises $250 million from a floating-rate note sale.
January 23, 2007

HSBC ends UTI dream

HSBC closes a chapter on its Indian ambitions with the sale of a stake in UTI Bank.
February 27, 2006

UTI completes GDR

Indian bank takes advantage of soaring share price to boost capital.
March 16, 2005