Deutsche Bank has emerged as the leading investment bank in India, leaving behind conventional players such as Merrill Lynch, Lehman Brothers and Goldman Sachs.
With a market share of 16.6 per cent in mergers and acquisitions and 14.2 per cent in fund raising through the equity route, the investment banking arm of the German financial behemoth has become the numero uno investment bank in the country.
In the M&A space, pure play investment bankers such as Merrill Lynch, Goldman Sachs and others have been replaced by conventional banks such as Deutsche Bank, Royal Bank of Scotland that acquired ABN Amro, and Standard Chartered Bank. In the equity market, Kotak Mahindra Bank and SBI Capital Market are in the top three after Deutsche Bank, leaving behind Citibank and Merrill Lynch.
With the markets continuing to be volatile, the number of deals has come down significantly. So far this year, Indian companies have concluded 170 deals worth around $23 billion as against $54 billion last year.