Pramit Jhaveri
India is often seen as a losing proposition for foreign banks and advisers. It’s a market where global players need to have a presence, but fees are often low or zero, in the case of government share sales and competition is keen.
We sat down in Mumbai with Pramit Jhaveri, chief executive of Citi in India and a 26-year veteran at the bank, to talk about the challenges of investment banking in India, where the firm makes money and why India needs to develop its rupee bond market.
India is often described as a difficult place...
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