BANKING AFFAIRS

Detailed explanation-1: -The services offered by merchant banks include underwriting, issue management, fundraising, loan syndication, portfolio management, financial advice, and more. Merchant banks don’t serve the general public. They facilitate cross-border trade for multinational corporations.

Detailed explanation-2: -Merchant banks help in processing loan applications for short and long-term credit from financial institutions. They provide these services by estimating total costs involved, developing a financial plan for the entire project, as well as adopting a loan application for commercial lenders.

Detailed explanation-3: -Merchant banks offer a wide range of services such as underwriting, issuing of securities, asset management, portfolio management, and advisory services. They also provide specialized services such as capital raising, merger and acquisition advice, foreign exchange transactions, and project finance.

Detailed explanation-4: -Merchant banker is any person who is engaged in the business of issue management either by making arrangements regarding selling, buying or subscribing to securities as manager-consultant, advisor or rendering corporate advisory services in relation to such issue management in merchant banking.