BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Find odd one:challenges faced by the merchant bankers in India.
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Entry restrictions
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Legal aspect
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Poor new issue market
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Banking policies
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SEBI guidelines
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Explanation:
Detailed explanation-1: -You have no control over your interest rates or returns. This issue may be the biggest disadvantage of working with a merchant bank. Most will not provide a guaranteed return if you have them managing your investment portfolio.
Detailed explanation-2: -According to the SEBI (Merchant Bankers) Amendment Regulations, 1999, w.e.f. 30.9. 1999, every merchant banker shall pay a sum of Rs. 5 lakhs as registration fees at the time of grant of certificate by the Board. The fee shall be paid by the merchant banker within 15 days of receipt of intimation from the Board.
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