indian-investment-banking-transforms-itself

Indian investment banking transforms itself

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

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 significant increase in both primary investments and secondary market depth combined average daily turnover on the National Stock Exchange increased from $1.2 billion in fiscal 2001 to over $19 billion in fiscal 2010.

Increased...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222