Investment banking in India decreased in fees by 16% in 2022, making it the lowest annual tally since 2018. Fees collected by investment bankers in 2022 from activities tied to equity markets was 989 million, which was less than the 12 billion fees collected in 2021 and 11 billion fees collected in 2020.source https://economictimes.indiatimes.com/industry/banking/finance/banking/investment-banks-see-fees-drop-to-4-year-low/articleshow/96808102.cms
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