State Bank of India (SBI)

AZB & Partners has hired former State Bank of India (SBI) managing director Arijit Basu as a senior consultant according to a press release from the firm; the exact ambit of his role was not clear at the time of going to press though it is likely to be a part-time position.

AZB & Partners Mumbai will hire former State Bank of India (SBI) chairwoman Arundhati Bhattacharya as a senior consultant, we reliably understand.

Amarchand Mangaldas, J Sagar Associates (JSA) and Australian firm Mallesons Stephen Jacques have advised on the Macqaurie-SBI Infrastructure Fund, which is slated to be the biggest fund investing in the Indian infrastructure sector to date.

Luthra & Luthra, India Law Services and Amarchand Mangaldas have leapfrogged to the top of global project finance deal rankings over the last six months, benefiting from Indian project finance deals rising by 158 per cent against the same period last year to almost $32bn (Rs 154,000 crore).