Lower bonuses for domestic insurance bankers as firms' revenues take a hit

Revenues of investment banking firms have been hit by a drop in activity

insurance, investors, mobile banking

Illustration by Binay Sinha

Ashley Coutinho Mumbai
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. 

“The revenues on the ECM side have fallen 50-60 per cent over the previous year and only a few select bankers will pocket sky-high bonuses this year,” said a senior investment banker from a top domestic

First Published: Apr 04 2019 | 6:31 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com