From the basic function of mobilizing deposits and money lending, the banking industry has grown into a catalytic agency for the promotion of economic development. One of the Banks’ innovations during the last 50 years is the merchant banking facility.
Role
In the early stages, a merchant banker was defined as “An organization that acts as an intermediary between the issuers and the ultimate purchasers of securities in the primary security market.” But merchant banks are now engaged in providing a wide spectrum of financial and related services to their customers.
Project finance
Once a client has decided upon a specific project, the merchant banker provides a comprehensive package of services for financial structuring and funding. A project finance assignment fully tests the creativity of the merchant banker and quite often, the entire gamut of merchant banking services including loan....
