BANKING AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -Functions of a Merchant Bank Merchant banks provide financial and advisory services to help corporate clients conduct business. They often work with companies that may not be large enough to raise funds from the public through an initial public offering (IPO).