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Access here alternative investment news about Lower Bonuses For Domestic Insurance Bankers As Firms' Revenues Take A Hit | Business Standard News
Private Equity

Lower Bonuses For Domestic Insurance Bankers As Firms' Revenues Take A Hit | Business Standard News

by business-standard.com posted 4months ago 51 views
Revenues of investment banking firms have been hit by drop in activity. : Domestic investment bankers may take home 30-50 per cent of annual pay as average bonuses, far lower than the 100-200 per cent they pocketed in the last financial year. FY19 saw a lull in equity capital market (ECM) activity, particularly in the latter half of the year, impacting revenues. The amount mopped up by way of initial public offerings (IPOs) and qualified institutional placements (QIPs) dipped about 80 per cent over the previous fiscal, while the quantum of buyback offers declined 17 per cent.