•  “Investment Banking” is commonly used to define entities that are into asset management, capital raising, trading in securities, portfolio management, merchant banking, underwriting, broking and those offering business and financial advisory services. •  Pure investment entities which do not have presence in the lending or banking business are regulated primarily by the capital market regulator (SEBI).
•  Banks are subject to regulatory restrictions on their investments. Why and how of investment banks •  Pure investment banks have a comparative advantage in corporate structuring and raising capital from the market. As Indian corporate go global, do we need pure investment banks in India to serve their sophisticated financial needs and advisory services?