BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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yes bank
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Grinds bays bank
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none of the above
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Detailed explanation-1: -The State Bank of India was the first Indian commercial bank to set up a separate Merchant Banking Division in 1973, followed by ICICI followed it in 1974. The merchant bankers can be categorized into four types on the basis of activities permitted to be carried by them : 1. .
Detailed explanation-2: -Merchant banks were the first modern banks. They emerged in the Middle Ages from the Italian grain and cloth merchants community and started to develop in the 11th century during the large European fair of St. Giles (England), then at the Champagne fairs (France).
Detailed explanation-3: -Grindlays Bank is first time introduce the merchant banking in India .
Detailed explanation-4: -Q. Which of the following is the developmental activities of merchant banking? Notes: Sources of funds forever, expanding industry and trade, leaving a widening gap unbridged between supply and demand of investible funds are all developmental activities of merchant banking.