Development of merchant banking

By MR Agarwal

CONCEPT OF MERCHANT BANKING

The concept of Merchant Banking is a concept that evolved from the functions

performed by a Merchant Banker. There is no authoritative or statutory definition

of Tenn 'Merchant Banking. The concept evolved from those days in 17th

or 18th century, when merchants in London were acting as bankers for meeting

their clients' short Tenn financial needs while accepting bills of exchange. The

difficulty in defining the Tenn merchant banking arises from the fact that the

functions performed by merchant bankers have been changing from time to time.

• Format: Paperback
• Language: English
• ISBN: 6740047987
• ISBN13: 9786740047987
• Release Date: September 2022
• Publisher: Chhatrapati Sahuji Maharaj University
• Length: 380 Pages
• Weight: 1.12 lbs.
• Dimensions: 0.8" x 6.0" x 9.0"