India: Underwriting fee in debt capital market hits record in 2019

India: Underwriting fee in debt capital market hits record in 2019

Indian hundred rupee notes rolled in a bundle. Photo: Rupixen/Unsplash

Investment banking fees garnered from debt capital market underwriting in India touched a record high of $251.7 million in 2019, up 70.1% from a year ago, according to a report by Refinitiv, a financial market data provider.