Merchant banks are the financial institutions that offer financial services, solutions, & consultation to organisations. According to a notification of the Ministry of Finance in India, a Merchant Banker in India is defined as ‘any person engaged in the business of issue management either by making arrangements regarding selling, buying, or subscribing to the securities as manager, consultant, an adviser in relation to such an issue management’. Thus, a merchant banker provides its client’s consultancy for financial, marketing, managerial and legal matters.
