Q: What is merchant banking ?

Ans: A merchant bank is a financial institution providing capital/raising funds to the companies.
A set of functions and services provided by the merchant banker and is termed as merchant banking.

Merchant banking has two services:

1. Banking Services
2. Consultancy Services

Pms: 

A financial institution that provides capital to the companies or raise funds for the companies if already provided capital.

A set of services and functions provided by merchant banker is termed as merchant banking. 




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