Investment Banking and Financial Services

Investment Banking and Financial Services is an in-depth, contemporary, and pedagogically robust textbook that offers a comprehensive exploration of the financial intermediation ecosystem. Responding to the rapid transformation of global and Indian financial markets, driven by technological innovation, regulatory reforms, expanding capital markets, and the increasing sophistication of corporate finance, the book provides a multidimensional understanding of how modern investment banks operate, advise, innovate, and create value. The text balances foundational principles with advanced and emerging topics. It systematically builds conceptual clarity on investment banking structures, capital-raising mechanisms, advisory functions, trading and market-making operations, and research capabilities, while also positioning these within the wider financial system. Throughout, it integrates discussions on fintech innovations, digital assets, ESG finance, algorithmic trading, sustainable investment mechanisms, and AI-driven analytics, enabling learners to appreciate the evolving nature of global finance. Designed to nurture analytical thinking and practical readiness, the book brings together theory, regulatory insight, institutional context, numerical illustrations, and case-driven application. It equips students not only to understand investment banking but to navigate and contribute meaningfully to the dynamic financial services landscape.