Q: What are the services provided by Merchant banker?

Ans: There are two types of services that are provided by Merchant Banker : 

1. Banking Services: It helps businessmen to start business and helps to raise finance.

2.Consultancy Services: Under Consultancy services, the merchant banker provides Consultancy to its clients for financial services, marketing,  managerial and legal matters.

Merchant banker act as intermediaries between the company and the investors and providing Banking and consultancy services to both investors and companies. 

Merchant Banking was officially commenced into Indian Capital Market when Grindlays Bank received the license from reserve Bank in 1967. Grindlays Bank is now owned by Standard Chartered Bank.

Citibank Setup its merchant banking division in India in 1970. 

Indian Banks Started banking Services from 1972.

State Bank of India started the merchant banking division in 1972.

After that there were many banks which set up the merchant bank division such as

ICICI

Bank of India

Bank of Baroda

Canara Bank

Punjab National Bank

UCO Bank