What is merchant banking ? – Overview and Services
What is a merchant bank ? A merchant banking firm is a financial organisation that provides you with an amalgamation of banking and financial consultancy services. Not only does a merchant bank help you arrange your loans, but it also offers you appropriate guidance as to how to plan and invest your finances. Overview of a merchant banking firm . As per the definition given by the Ministry of Finance, a merchant banker is a person who is involved in the business of issue management, i.e. either by making arrangements for selling, buying or accepting the securities as a manager, consultant or advisor. In India, merchant Banking firms were first introduced in the year 1967 by the Grindlays bank. Currently, there are more than 200 SEBI registered merchant banks in India. Services of merchant banking firms . Obtaining merchant banking services for your business can reap innumerable benefits for your business. Here is a list of services offe...