After a bumper year for deals, i-banks hand out record bonuses

Indian investment banks doled out record bonuses this year as a surge in deal activity drove fees to an all-time high last fiscal, according to headhunters and bankers.

- Sneha Shah & Devina Sengupta

Kotak Mahindra Capital Co., Axis Capital, Avendus Capital, and JM Financial, among others, have handed out million-dollar (₹8-9 crore) bonuses to their top brass, industry insiders told Mint, speaking on the condition of anonymity as the compensation data is private.

"The top domestic banks have seen record revenue levels in the last financial year and the bonuses that get announced in June have been phenomenal with top honchos making around 250-300% of their annual comps in bonuses," a headhunter said.