Question: What Is Merchant Banking In India?

Merchant Banking is a combination of Banking and consultancy services.

It provides consultancy to its clients for financial, marketing, managerial and legal matters.

Consultancy means to provide advice, guidance and service for a fee.

Merchant banking was first started in India in 1967 by Grindlays Bank.

What is the role of merchant banking in India?

In India, merchant bankers play the role of promoter of industrial enterprises. They help entrepreneurs in conceiving ideas, identifying projects, preparation of feasibility reports, getting Government approvals as well as incentives, etc.

What are the Merchant Banks in India?

Merchant Bankers in India

  • SBI capital markets ltd.
  • Punjab national bank.
  • Bank of Maharashtra.
  • IFCI financial services ltd.
  • Karur Vysya bank ltd,
  • State Bank of Bikaner and Jaipur.

What is Merchant Banking with example?

A merchant bank is a company that conducts underwriting, loan services, financial advising, and fundraising services for large corporations and high net worth individuals. Some of the largest merchant banks in the world include J.P. Morgan, Goldman Sachs, and Citigroup.

What are the types of merchant banking?

Merchant Banking Regulations:

  1. Category I Merchant Bankers: These merchant bankers can act as issue manager, advisor, consultant, underwriter and portfolio manager.
  2. Category II Merchant Bankers:
  3. Category III Merchant Bankers:
  4. Category IV Merchant Bankers: