CURRENT AFFAIRS

Detailed explanation-1: -Housing and Urban Development Corporation-Home.

Detailed explanation-2: -Hence, Industrial banks are also known as investment banks.

Detailed explanation-3: -Essentially, investment banks serve as middlemen between a company and investors when the company wants to issue stock or bonds. The investment bank assists with pricing financial instruments to maximize revenue and with navigating regulatory requirements.

Detailed explanation-4: -Generally, there are three categories of investment banks-bulge bracket banks, middle-market banks, and boutique banks.

Detailed explanation-5: -One of the primary roles of an investment bank is to serve as a sort of intermediary between corporations and investors through initial public offerings (IPOs). Investment banks provide underwriting services for new stock issues when a company decides to go public and seeks equity funding.