Jefferies Financial Group expects investment banking fees in India to rise in the next couple of years as the number of deals grows, its country head said, bolstering the prospects for the U.S. bank in a country where its market share surged in 2023.
Global investment banks are increasingly targeting India to generate revenues in Asia as dealmaking activities in China, which has long been an engine of growth for them, slow sharply due to an economic downturn and regulatory uncertainties.
Read More : Jefferies Forecasts Increased Investment Banking Fee Opportunities in India Following Successful 2023