what does merchant banking means..??

Question

Please tell me in detail what actually merchant banking means & which bank is the best one to provide merchant services in india?

Answer 1

In banking, a merchant bank is a traditional term for an Investment Bank. It can also be used to describe the private equity activities of banking. This article is about the history of banking as developed by merchants, from the Middle Ages onwards.

http://en.wikipedia.org/wiki/Merchant_bank