Originally confined to merchant banking, investment banking in India has grown by leaps and bounds with the liberalization of the country's economy since the 1990s. Accordingly, in recent years the Indian markets have witnessed a number of regulatory and legal reforms as also the introduction of many new financial instruments.

This book analyses the contemporary contours of investment banking in India through the perspective of a team of experts, providing an integrated view of the emerging challenges and opportunities in this field.

• Investment Banking:

  • Is FEMA enough to attract foreign investments?

  • The resurgence of Indian ADRs

  • India millennium deposits — the untold story.

• Money Market:

  • Cultivating sources of foreign capital

  • Money market deals, commercial paper, gilt-edged securities, repos and other government-backed securities in India.

• Capital Market:

  • Evolving status of Indian capital markets

  • The role of mid-cap companies

  • Foreign institutional investors — a new force of support and discipline in the Indian secondary markets.

• Debt Market:

  • Development of the Indian debt market

  • Strategy for developing a more efficient market

• Merchant Banking:

  • New avenues

  • Buyback and share repurchase

  • Book building

  • Dematerialisation.

• International Markets:

  • Sourcing of foreign funds

  • External commercial borrowings

  • Deposits of non-residents in Indian banks

  • The coming of euro.

Here is a book of readings which explores the frontier areas of investment banking, valuable both for finance professionals and advanced students.

Amandio F. C. da Silva, the editor of this book of the ICFAI-Vision Series, is a CFA from the Institute of Chartered Financial Analysts of India. He is also an AICWA (Associate Member of the Institute of Cost & Works Accountants of India). Mr. A. da Silva has more than eleven years of research and industry experience, starting his career with CIFAR Inc., (Princeton, NJ, USA) where he worked on various international financial research publications on capital markets of emerging countries. He was also into equity research with Lyons Financial Services Ltd. Later on, he shifted to corporate finance and at present is working with ICFAI as a Faculty Member in the academic wing.