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ANALYSIS OF NON-FUND BASED FINANCIAL SERVICES: GLIMPSE OF INDIAN BANKS
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Author(s):
ROHIT KUMAR SHRIVASTAV
Vol - 4, Issue- 3 ,
Page(s) : 74 - 99
(2013 )
DOI : https://doi.org/10.32804/CASIRJ
Abstract
This research paper consist of the analysis of Non-Fund based Financial Services provided by the
commercial banks in India. Basically this service comes under the umbrella of Merchant Banking. We
have analysed the five big banks of the Indian Banking Sector (ICICI, SBI,PNB,OBC,CANARA BANK )
Merchant banking services strengthen the economic development of a country as they acts as sources of
funds and information for corporations. Considering the way the Indian economy is growing, the role of
merchant banking services in India is indispensable. These financial institutes also act as corporate
advisory bodies to help corporations rightly get involved in various financial activities. The need of
merchant banking services in India arises from the fact that high level industrialization is taking place in
the country. Some of the PSBs have formed their fully owned subsidiaries for this purpose. Analysis of
merchant banking business of some PSBs clearly indicates that the merchant banking activities of the
banks are showing declining trend especially after 1993-94 due to depressed capital market conditions
and subdued activity in primary market.
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