The term Merchant Banking has its origin in the trading methods of countries in the late eighteenth and early nineteenth century when trade-taking place was financed by bill of exchange drawn by merchanting houses

(a) The sale and purchase of securities;

(b) Investing and purchase of securities;

(c) Investing and managing fixed deposits;

(d) Trust funds, pension funds and provident fund investments and their review;

(e) Safe custody of securities in India and overseas;

(f) Reinvesting the returns collected from investments in some profitable avenues;

(g) other investment advisory services etc.