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


Leading merchant bankers in India



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18MB0408T - Unit II
Leading merchant bankers in India

In India, there are public sector, private sector as well as foreign players in the merchant banking industry. Some of the key players are listed below.



Public sector: SBI Capital Markets, Punjab National bank, IFCI Financial Services

Private sector: ICICI Securities, Axis Bank, Bajaj Capital, Tata Capital Markets, Yes Bank, Kotak Mahindra Capital Company, Reliance Securities

Foreign merchant bankers: Goldman Sachs (India) Securities, Morgan Stanley India, Barclays Securities (India), Bank of America, Citigroup Global Markets India


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