Mumbai, Nov. 1 -- Indian investment banking fees rose 5.8% to $783.5 million in the nine months through 30 September from a year earlier, boosted by a surge in debt underwriting fees, according to a report by Refinitiv, a financial market data provider.
Investment banking fees for the first nine months was at its highest since 2017, when fee generation rose to $859.9 million, according to the data.
Debt issues drove fee generation, recording total fee of $201.2 million in the first nine months of 2019, more than double that of the previous year and the best-ever since 2000.
The strong debt underwriting fee came on the back of primary bond offerings from India-domiciled issuers hitting a record high at $66.7 billion during the first nine ...