Q: Who regulates the merchant banking in India ?

Ans: Securities and Exchange Board of India (SEBI) is the regulatory authority for merchant banking in India. Activities of merchant banks are regulated by the SEBI (Merchant Bankers) Regulations, 1992.

Regulation of NBFC: Stockbroking, Merchant banking NBFCs are regulated by SEBI. RBI is the regulator of those NBFC which deals in lending, accepting deposits and financial leasing.

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