explain the function of merchant bankers in ancient India .
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Functions of Merchant Banking
Raising Finance for Clients : Merchant Banking helps its clients to raise finance through issue of shares, debentures, bank loans, etc. ...
Broker in Stock Exchange : Merchant bankers act as brokers in the stock exchange. ...
Project Management : Merchant bankers help their clients in the many ways.
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The main functions of merchant banks are issue management, portfolio management and corporate counselling, whereas an investment bank is a banking institution that deals with established firms and helps them gain their long-term capital requirement, by acting as an intermediary between the company and investors.
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