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Investment bankers see 58% decline in earnings, shows data

Most companies had to hit pause on their fund-raising plans amid a sharp fall in the stocks, more so for those in the broader market.

Capital markets
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Samie ModakSundar Sethuraman Mumbai
After witnessing a dream December quarter, investment bankers had a hard wake-up call as the equity capital market (ECM) fee pool shrank dramatically in the March quarter on the back of uncertainties created by the US Federal Reserve monetary-policy tightening and Russia-Ukraine crisis.
 
ECM fees is the amount pocketed by investment bankers for handling initial public offerings (IPOs), rights issues, and other forms of share sales.
 
According to Refinitiv, a global data provider, the ECM fee pool for India for the current quarter (until March 18) stands at $29.3 million, 58 per cent lower than in the corresponding quarter in

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First Published: Mar 25 2022 | 11:36 PM IST

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