Wednesday, December 15, 2010

Bank jobs booming in india

Deutsche Bank AG in India, which has grown from a greenfield investment bank to one of the top players in this space by collecting the highest fees in calendar year 2010, has identified 20 large companies to advise for acquisition deals and 25 firms to raise capital both in the domestic as well as global markets in 2011.The plan is to raise $12-14 billion (`54,000-63,000 crore) in the first quarter ending March, around 60-70% of money raised in 2010.Deutsche Bank will be open huge bank jobs in the first quarter on next year 2011.

“It’s a very high return on equity business,” said Chadha, adding, “it is profitable when you consider the full spectrum of investment banking—capital markets, merger and acquisitions, foreign exchange, credit trading, equity sales and trading.”
“There are parts of the investment banking business where the rewards are in the heaven, but fortunately several parts where the rewards are here on the earth,” Chadha said.
As a strategy, Deutsche Bank is after large-ticket deals that matter. With the momentum in investment banking picking up, it is sitting on around 16 equity-raising mandates and is eyeing another nine possible mandates, Sanjay Sharma, head-equity capital markets (ECM), Deutsche Equities India, said.so the banks need huge manpower.so,the bank jobs will be increased in india.


No comments:

Post a Comment