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Smaller India banks flex muscles on Wall Street woes

Mumbai | March 22 2012 17 : 03 IST | Reuters
When Warburg Pincus sold a $150 million stake in Kotak Mahindra Bank last month, the U.S. buyout firm skipped past established investment banks such as Goldman Sachs and Morgan Stanley and chose a local house instead to handle the deal.
When Warburg Pincus sold a $150 million stake in Kotak Mahindra Bank last month, the U.S. buyout firm skipped past established investment banks such as Goldman Sachs and Morgan Stanley and chose a local house instead to handle the deal.

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