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l-bankers ride on record IPOS to mint bumper pay
Business Standard
|May 30, 2022
Bonuses in FY22 ranged from 100 to 200% of annual pay
The last financial year was an unprecedented one for investment bankers (Ibankers). Bonuses for bankers increased by up to 200 per cent in a year that saw the highest fundraise by way of initial public offerings (IPOS) and record fees for equity offerings.
Citi, ICICI Securities, Kotak Mahindra Bank, Axis Capital, and JP Morgan were the top five investment banks by way of equity capital market issuances for FY22, according to data from Bloomberg.
"It's been one of the best years for investment banking, with large-sized deals and all-time high revenues. It's not surprising that bonuses have been the best across the board, with top performers getting up to 200 per cent of annual pay," said a senior banker on condition of anonymity.
The financial year saw a mop-up of ₹1.12 trillion through IPOs. Investment banks netted record fees of nearly
Cette histoire est tirée de l'édition May 30, 2022 de Business Standard.
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