After reading this article you will learn about:- 1. Origin of Merchant Banking 2. Meaning of of Merchant Banking 3. Evolution. Origin of Merchant Banking: The origin of merchant banking can be traced back to 13th century when a few family owned and managed firms engaged in sale and purchase of commodities were also found to be engaged in banking [...]
After reading this article you will learn about:- 1. History of Merchant Banking in India 2. Merchant Banking Regulations 3. Government Policy. History of Merchant Banking in India: Merchant banking services, in India, were started only in 1967 by National Grindlays. Bank followed by Citi Bank in 1970. The State Bank of India was the first Indian commercial bank to [...]
This article throws light upon the nineteen main obligations of merchant bankers. The obligations are: 1. Merchant Banker not to Associate with any Business other than that of the Securities Market 2. Maintenance of Book of Accounts, Records, etc 3. Submission of Half-yearly Results 4. Maintenance of Books of Accounts, Records and other Documents 5. Report on Steps taken on [...]