Putting some light on the history of Indian investment banking is important before we get into the details. European banks first established trading industries in India during the nineteenth century. Since then, foreign banks have taken control of investment banking in India. But that hasn’t lasted long.
State Bank of India created a merchant banking division in the 1970s, and ICICI bank began offering a variety of merchant banking services in the same decade. By the end of the decade, over 30 merchant banks, financial institutions, and commercial banks had sprung up.
It was necessary to create an institution to help these banks comply with the compliance and regulations. And that’s how the Association of Investment Bankers of India (AIBI) was established.
In India, many banks and financial institutions are registered under AIBI. Here are some of the institutions which are registered under AIBI and have already made their mark on the investment banking industry.
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