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Definition :A merchant bank is defined as a financial institution or an organization that underwrites corporate securities and advises such clients on issues like corporate mergers etc. involved in the ownership of commercial ventures, etc. this organization may be a bank, corporate body, a firm or a proprietary concern.
The service/activities followed by the merchant bankers Corporate Counseling. Project Counseling. Loan Syndication. Management of Capital Issues. Underwriting. Portfolio Management. Equipment Leasing and Hire Purchase. Dealing in Secondary MarketOperation. Mergers and Acquisitions.
Merchant Banking facilities offered by IDBI : Issue Management. Project Advisory. Corporate Advisory. Credit syndication.