Question

In India, merchant-banking activity was originated with the merchant banking division setup by the __________ *
Barclays bank
Grind lays bank
Yes bank
State bank of India

Answer 1

Answer:

Grind lays bank

Explanation:

Merchant Banking in India was started by the Grindlays Bank in 1967. Since then, many private and public banks such the State Bank of India, Citibank, ICICI Bank etc. and other national and international firms have set up their own Merchant Banking services.