This article throws light upon the top seven developments in merchant banking establishment in India. The developments are: 1. Setting up of Banks Subsidiaries 2. Re-organisation of Private Firms 3. Establishment of SUA 4. Securities and Exchange Board of India (SEBI) 5. Discount and Finance House of India (DFHI) and Others. Developments in Merchant Banking Establishment: Setting up of Banks [...]
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 [...]