Has India become a bigger part of Asian investment bank's wallet share in terms of fees
Jhaveri The Indian market has grown considerably. If you look at the investment banking fee income wallet this year versus last year, it's safe to assume it has grown by 40% to 50%. The increases are primarily from the public equity markets and the MA business. Critically, there has been more cross-border MA, both inward and outbound - in the latter case with Indian companies finally realizing their global aspirations.
The latter trend is being driven by the fact that over the past six to seven years, there has...
