Bond market is turning out to be the saviour for distributors and investment banks amid gloom on the equity and takeover fronts. But bankers say while it can keep them alive, it would hardly compensate for the fall in revenues from other streams. The public bond issues of nearly Rs 34,000 crore in the last one year has kept the counter ticking for Kotak Mahindra Bank, ICICI Securities Primary Dealership, SBI Capital and JM Financial as they led some of the biggest bond issues, such as those floated by the National Highways Authority of India.
Source: Economic Times
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