<div id="readability-page-1"><div id="parent_top_div">By Anto Antony Bank of America Corp. is hiring Anshul Gupta from Avendus Capital Pvt. to lead its investment banking unit in India, according to people familiar with the matter, as the US lender seeks to rebuild its dealmaking franchise in one of the world’s fastest-growing major economies. Gupta, a managing director at Avendus, is set to join Bank of America after completing regulatory and contractual obligations, the people said, asking not to be identified discussing private information. He spent three years at Avendus and previously worked at Citigroup Inc., according to his LinkedIn profile. Gupta is regarded as one of Avendus’s most senior dealmakers and has built deep relationships with founders, private equity firms and large corporate groups. Spokespersons for Bank of America and Avendus declined to comment. Gupta didn’t respond to requests for comment. Gupta’s departure adds to the high-profile exits from Avendus since Japan’s Mizuho Financial Group Inc. agreed to acquire a controlling stake in the firm, one of the largest foreign investments in an Indian financial-services company. The move is among the most significant senior banking hires in India this year and comes as global lenders compete for a larger share of a market that has emerged as a bright spot for mergers and acquisitions, equity fundraising and cross-border transactions. For Bank of America, the hire marks a fresh effort to strengthen an investment banking franchise that has lost ground to rivals in recent years. The lender has also emerged from a period of regulatory scrutiny, including a settlement with the Securities and Exchange Board of India over allegations that it failed to maintain digital records required under insider-trading rules. The New York-based bank has historically been a major player in India’s deal advisory business, but it faces intense competition from JPMorgan Chase &amp; Co., Morgan Stanley, Citigroup and Goldman Sachs Group Inc., all of which have invested heavily in expanding their local franchises. </div></div>

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Bank of Corp. is hiring Anshul Gupta from Avendus Capital to lead its investment banking unit in India, aiming to rebuild its dealmaking franchise in the fast-growing economy. This senior hire follows Gupta's departure amid high-profile exits at Avendus after Mizuho Financial Group acquired a controlling stake. The move positions BofA to compete more effectively against rivals like JPMorgan and Goldman Sachs in India's robust M&A and equity fundraising market.

- Bank of America Corp. is hiring Anshul Gupta from Avendus Capital to lead its investment banking unit in India as part of efforts to rebuild its dealmaking franchise.  
- Gupta, with extensive experience and strong industry relationships, will join after completing his obligations, amid a backdrop of competitive global banking in the region.  
- This strategic move is significant for Bank of America as it looks to regain its footing in India's investment banking market, where it faces tough competition from major rivals.

Business Standard

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Mizuho Financial Group, Inc.

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BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

CITIGROUP INC 6.250 NON CUM SER II PFD WI

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

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JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

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JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

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MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

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BofA is hiring Avendus deal-maker Gupta for India role in post-Mizuho exit