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 [...]
This article will help you to learn about the difference between commercial banks and merchant banks. Difference between Commercial Banks and Merchant Banks Commercial Banks: (i) Accepting deposits of various types and maturities for the purpose of lending (ii) Providing working capital finance (iii) Meeting the short term credit needs of the commercial enterprises (iv) Allowing customers to withdraw money [...]
This article throws light upon the top twelve functions performed by merchant bankers. The functions are: 1. Corporate Counselling 2. Project Counselling 3. Capital Restructuring Services 4. Portfolio Management 5. Issue Management 6. Loan/Credit Syndication 7. Arranging Working Capital Finance 8. Bill Discounting and Acceptance Credit 9. Lease Finance 10. Venture Capital 11. Public Deposits 12. Specialised Services. Function # [...]