Sunday, October 8, 2017

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Merchant Banking in India

Merchant Banking in India

finance
[Post Image Courtesy of EmptyGlass at FreeDigitalPhotos.net]

In India, the first merchant banking services were started only in 1967 by National Grindlays Bank followed by Citi Bank in 1970. In 1972 State Bank of India started a merchant banking division, followed by ICICI Bank in 1973. Nowadays, most of the public sectors, private sectors, commercial banks and financial institutions established a separate division of merchant banking services.

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