A fully operational investment bank is a finance and banking company that offers both financial and advisory banking services to its clients. Apart from this, an investment bank is involved in researching, marketing and selling a variety of financial products such as commodities, currencies, credit, stocks, etc.
Investment Bank in India
Do you aspire to be a top-flight professional who wants to break into the investment industry, but don’t know where to start?
Here is your answer. Suppose you want to work in investment banking. In this case, you need to know the whole investment banking landscape in India, list of top investment banks, services provided, their culture, investment banking salaries in India, banking jobs investment in India and if you are qualified for an investment bank. position.
An overview of Indian investment banking
Before delving into the specifics of investment banking in India, it is necessary to review the history of investment banking in India.
It all started in the 19th century. Meanwhile, European banks began to establish business operations in India. Foreign banks have dominated investment banking in India since that time. This, however, did not last long.
The State Bank of India started to spread its wings in the 1970s, establishing a merchant banking department. ICICI Bank began providing other merchant banking services in the same decade.
After a decade, the bank became popular and more than 30 merchant banks, financial institutions and commercial banks began to be established.
However, until the 1980s, the bank did not receive the attention it deserved. Finally, in the 1990s, more than 1,500 bankers registered with SEBI, making banking an industry (Securities and Exchange Board of India).
To regulate so many banks, it was necessary to create an agency to help banks meet compliance and rules. This is how the Association of Investment Bankers of India (AIBI) came into being.
AIBI’s mission is to regulate the legal and ethical procedures of its members while promoting and encouraging the growth of the industry.
List of Top 10 Investment Banks of India
Here are some of the major Indian investment banks:
1. Ernst & Young
EY (Ernst & Young Global Limited) is an abbreviation for Ernst & Young Global Limited. is an international professional services network headquartered in London, England.
EY is one of the largest professional services networks in the world.
It is one of the “big four” accounting firms, along with Deloitte, KPMG and PricewaterhouseCoopers. He is widely trusted by his clients for assurance (including financial audit), tax, advisory and advisory services.  EY, like many of the biggest accounting firms of recent years, has expanded into areas beyond accounting, such as strategy, operations, human resources, technology and financial services consulting.
2. Price Water House Coopers, investment banking arm
PricewaterhouseCoopers is a multinational network of professional services firms, operating in partnership under the PwC brand. PwC is the second largest professional services network in the world and one of the Big Four accounting firms, along with Deloitte, EY and KPMG.
PwC firms employ 284,000 people in 157 countries and 742 locations. In 2019, the Americas represented 26% of the workforce, Asia 26%, Western Europe 32% and the Middle East and Africa 5%. In fiscal 2019, the company’s worldwide revenue was $42.4 billion, of which $17.4 billion came from its insurance business, $10.7 billion from its tax practice and legal and $14.4 billion from his consulting practice.
3. Deloitte Touche Tohmatsu Limited
Also known as Deloitte, is a multinational professional services network with operations in more than 150 countries and territories around the world. Deloitte, headquartered in London, England, is one of the Big Four accounting firms and the world’s largest professional services network by revenue and number of people.
William Welch Deloitte founded the firm in London in 1845, and it expanded to the United States in 1890.
In 1972 it joined with Haskins & Sells to create Deloitte Haskins & Sells, and in 1989 it merged with Touche Ross to form Deloitte & Touche. The international firm was renamed Deloitte Touche Tohmatsu in 1993 and was eventually shortened to Deloitte. In 2002, Arthur Andersen’s UK office, along with several of the firm’s offices in Europe, North and South America and Asia-Pacific, chose to partner with Deloitte.
Monitor Group, a large strategy consultancy, was acquired in January 2013. The multinational company is a UK private limited company backed by a network of independent legal entities.
4. Citi Bank:
One of the best known banking organizations in India, it has been in business for over 106 years. This investment bank, in addition to providing various investment banking services, offers a wide range of banking services with a capital investment of approximately US$3.1 billion scattered across the globe. Citibank is the consumer business of financial services conglomerate Citigroup.
Citibank was established in 1812 as City Bank of New York and later changed its name to First National City Bank of New York. The bank operates 2,649 branches in 19 countries, including 723 in the United States and 1,494 in Mexico through its Banamex subsidiary.
5. Credit Suisse AG:
Credit Suisse, which has offices in the major Indian cities of New Delhi and Mumbai, offers a variety of security and investment banking services in the country. The specializations of this organization include financial advisory services as well as equity underwriting to national multinational corporations.
Citibank is the consumer business of financial services conglomerate Citigroup. Citibank was established in 1812 as City Bank of New York and later changed its name to First National City Bank of New York. The bank operates 2,649 branches in 19 countries, including 723 in the United States and 1,494 in Mexico through its Banamex subsidiary.
6. Deutsche Bank:
As a world leader in investment banking, this bank has a profitable and solid customer base in the private sector. They provide unparalleled services to the financial industry nationally and globally.
Deutsche Bank AG is a German international investment bank and financial services company headquartered in Frankfurt, Germany, and dual listed on the Frankfurt and New York stock exchanges.
The bank’s network spans 58 countries, with a strong presence in Europe, America and Asia.
In 2020, Deutsche Bank was the world’s 21st largest bank by total assets and 63rd by market capitalization. It is part of the DAX stock index as the largest German financial institution. The Financial Stability Board classifies it as a systemically important bank.
7. JP Morgan:
In 1930, this world famous bank established its operations in the country. This well-known foreign bank specializes in both investment advisory services and wholesale investment banking.
John Pierpont Morgan (April 17, 1837 – March 31, 1913)]was an American financier and investment banker who dominated Wall Street’s corporate finance during the Gilded Age. He was the driving force behind the wave of industry consolidation in the United States that spanned the late 19th and early 20th centuries as president of the banking corporation that eventually became known as of JP Morgan and Co.
During his career on Wall Street, JP Morgan was instrumental in the development of several notable international companies, including US Steel, International Harvester and General Electric, which later came under his control. He and his associates also controlled a number of other American corporations, including Aetna, Western Union, Pullman Car Company, and 21 Railroads.
8. Kotak Mahindra Bank Limited:
Apart from being one of the largest banks in India, this financial institution is also well known in the country’s investment banking industry. Their subsidiary Kotak Investment Banking offers a full range of high quality capital marketing and financial advisory services. Kotak Mahindra Bank Limited is a Mumbai based company
Indian banking and financial services company. It provides businesses and individuals with banking products and financial services in the areas of personal finance, investment banking, life insurance and wealth management. As of November 2021, it was the third largest private sector bank in India by assets and market capitalization.
The bank has 1,600 branches and 2,519 ATMs as of February 2021.
In 2021, the bank acquired a 9.99% stake in Ferbine, a Tata Group-promoted entity that will operate a pan-India apex entity for retail payment systems, similar to the National Payments Corporation of India.
9. JM Financial (JMFL
JM Financial (JMFL) is an Indian financial services company based in Mumbai with offices across the country. It also has international subsidiaries in Ebene, Singapore, New Jersey and Dubai, while the majority of the group’s operations are in India.
Nimesh Kampani established JM Financial in 1973 as a consultancy firm. It was established in 1986 as a limited liability company to operate in the field of brokerage. It became a group of listed companies in 1991 when it floated on the Bombay Stock Exchange, and it held a secondary listing on the National Stock Exchange of India in 2006.
10. Yes Bank Limited:
Since its inception in 2004, this customer-centric and service-oriented Indian bank has expanded into the investment banking industry as well as many other wealth management services in the country.
Yes Bank is an Indian public sector bank located in Mumbai, India. It was created in 2004 by Rana Kapoor and Ashok Kapur.
Through its retail banking and asset management services, it offers a diverse range of specialized solutions to businesses and individuals.
The Reserve Bank of India (RBI) took control of the bank on March 5, 2020, in an attempt to prevent its collapse due to excess bad debt. The RBI then restructured the board, appointing Prashant Kumar, former chief financial officer and deputy chief executive of State Bank of India, as managing director and CEO of Yes Bank, along with Sunil Mehta, former non-executive chairman of Punjab National Bank, as Non-Executive Chairman of Yes Bank.