Merchant banks provide a variety of financial services, including portfolio management and credit syndication, originally flourishing in the London money market. In India, the first merchant banking division was established by Grindlays Bank in 1967, followed by other banks like Citibank and State Bank of India. Additionally, several prominent stock brokers have begun to offer merchant banking services such as issue sponsorship and portfolio management.

1. Presented by,
ALPHAS C T

2.  Institutions that render the range of services
such as the management of customer’s
securities, portfolio management, credit
syndication, acceptance credit, counselling,
insurance etc are called ‘Merchant Banks’

3.  Originated and thrived in the London money market
 In the Indian scenario, the Grindlays Bank established the
first merchant banking division in the in the year 1967,
 City Bank in 1970,
 And the State Bank of India in 1972,
 Other institutions and banks such as the ICICI, Syndicate
Bank, Bank of India, Bank of Baroda, The Chartered Bank,
the Mercantile Bank etc also joined
 Many of the prominent stock brokers of the country have
also started undertaking the merchant banking companies

4. 1) Sponsoring issues
2) Credit syndication
3) Servicing of issues
4) Portfolio management
5) Arranging fixed deposits
6) Other services

5. Thank you……..