Axis Bank has retained the No 1 position of top investment bank in India despite stiff competition from other institutions, especially large foreign banks. The bank has been retaining this position for the last 10 years. With a market share of 20.4%, the bank has concluded 327 deals worth Rs 81,100 crore that companies raised by selling bonds in 2016. HDFC Bank and State Bank of India were the other two banks in the Bloomberg 2016 league table overtaking global banks. According to Shashikant Rathi, head of Treasuries and Markets in the bank, with expanding corporate bond market, the bank can see more opportunities coming in this year. He added that the bank has conducted some innovative deals in 2016, which helped both the parties meeting their respective requirement.
