BofA appoints Satish Arcot to lead capital markets business in India
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2 Articles
Mohandas Pai Flags Lack of Domestic Capital in India
Indian companies, especially those in the technology and startup sectors, have long relied on foreign investment to fuel expansion. Addressing a gathering of business leaders in Bengaluru on Thursday, Pai stated, “We cannot build a robust, self-reliant economy if our best entrepreneurs must depend on overseas capital. The lack of deep domestic pools of capital is a critical challenge that must be addressed immediately.” Pai’s warning reflects a …
BofA appoints Satish Arcot to lead capital markets business in India
Bank of America (BofA) has appointed Satish Arcot, a banker from JPMorgan Chase, as the managing director based in Mumbai, for its capital markets business in India. This move comes as part of the bank’s efforts to rebuild its domestic investment banking team, reported Bloomberg citing sources. Arcot, who has over two decades of experience in financial services, is expected to join Bank of America toward the end of the year. The bank has been ma…
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