Volume : 2, Issue : 10, OCT 2016

RECENT DEVELOPMENTS IN MERCHANT BANKING AND CHALLENGES AHEAD IN INDIA

Dr. Jyoti H. Lahoti

Abstract

Merchant banking is an important service provided by a number of financial institutions that helps in the growth of the corporate sector which ultimately reflects into the overall economic development of the country. Merchant banks were expected to perform several functions like issue management, underwriting, portfolio management, loan syndication, consultant, advisor and host of other activities. Merchant banking is a combination of banking and consultancy services. It provides consultancy, to its clients, for financial, marketing, managerial and legal matters. Consultancy means to provide advice, guidance and service for a fee. It helps a businessman to start a business, to raise finance, to expand, modernize the business and in restructuring of a business. It helps to revive sick business units. In this paper researcher has been focused on overview of current Indian merchant banking scene, organization of merchant banking units, structure of merchant banking industry services rendered by merchant banks and recent developments of merchant banking and challenges ahead in India.

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References

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