 "SBI Caps")
SBI Capital Markets, investment banking and broking arm of State Bank of India (SBI), is in the process of strengthening its institutional equities business. The brokerage plans to leverage the scale and reach of its parent, which deals with nearly a third of corporate clients in the country.
The institutional equities division of a brokerage provides services such as equity sales, trading and research to mainly big-ticket clients. These would include mutual funds, insurance companies and foreign institutional investors (FIIs). The equities business in the country is fragmented, with about 30 entities, around a dozen having a substantial position.
Although SBI Caps
