M&A is driven due to distress situations, says JPMorgan's Kaustubh Kulkarni

Merger and acquisition (M&A) is driven by distress is the word coming out from the i-Bankers. From the sidelines of the JP Morgan Investor Conference, CNBC-TV18’s Nisha Poddar caught up with Kaustubh Kulkarni, head of investment banking at JPMorgan and asked him about the trends emerging on the deal street.