M&A recovery: Kotak Mahindra Bank plans to hire 20 investment bankers

Kotak Mahindra Bank Ltd.’s investing banking arm is planning to expand its operation by hiring about 20 bankers, betting on a rebound in deals activity next year.

The addition would mean a 25% increase to its current 80-strong investment banking unit, according to S Ramesh, managing director and chief executive officer of Kotak Investment Banking. The firm is looking to fill positions from analyst to director levels across sectors including financial services, health care and technology, where overseas companies such as Amazon.com Inc. and Walmart Inc. may search for investment opportunities, he said. Electric vehicles and renewable energy could