Bank of America's three India bankers leave amid probe on stock offerings

Three Bank of America Corp. dealmakers in India, including Debasish Purohit and Subhrajit Roy, have resigned amidst an internal investigation into alleged misconduct related to stock offerings. Indian regulators are also investigating the matter, which involves transactions like Aditya Birla Capital and Sun Life India AMC Investments’ share sale in Aditya Birla Sun Life Asset Management.