Banking

What is marcent bank?

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2011-01-24 04:26:46
2011-01-24 04:26:46

Merchant Banking refers to negotiated private equity investment by financial institutions in the unregistered securities of either privately or publicly held companies. A bank that offers these services is called a merchant bank. Both commercial and investment banks may engage in merchant banking activities. The original purpose of merchant banks was to facilitate and/or finance production and trade of commodities and hence the name "merchant"

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With four headquarters of Allahabad Bank, UCO Bank, United Bank of India and West bengal Co-operative bank the others bank are: State Bank of India, and its group banks like State Bank of Mysore, State Bank of Hyderabad, and State Bank of Bikaner and Jaipur, Bank of India, Indian Bank, Bank of Baroda, Canara Bank, Dena Bank, Andhra Bank, Vijaya Bank, Central Bank of India, Punjab National Bank, Indian Overseas Bank, Punjab and Sind Bank, Bank of Rajasthan, South Indian Bank, Syndicate Bank. Kolkata Foreign Banks: The foreign banks that have operations in Kolkata include: ABN Amro Bank, Bank of America, BNP Paribus, Bank of Tokyo, Citibank, Deutsche Bank, HSBC, and Standard Chartered Bank. Kolkata Private Banks: Among the private commercial banks that operate in Kolkata are Axis Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, ING Vysya Bank. With so many commercial banks in Kolkata business and trade perennially flourishes in this capital city of West Bengal.



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