FICC revenues over the first nine months of the year are down 9% year-on-year, with credit revenues down a third and securitization revenues down 21%. The only bright spot is foreign exchange.
The third quarter was especially tough, with FICC revenues down 18% compared to the same quarter last year.
Front office headcount in FICC is down 3% year-on-year, extending a trend of just cuts dating back to 2010.
Global stocks rally even as Sensex, Nifty fall sharply on Friday
In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
SBI Life Q4 profit rises 4% to ₹811 crore
