NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Investment Banking Evolution: Driven by US banks’ growth in 1990-2007.
  • Merchant Banking Diversification: Expanded to M&As, valuations, and investment trusts post-1991.
  • SEBI’s Regulatory Role: Oversees intermediaries, prohibits insider trading, and regulates takeovers.
  • Merchant Banker Definition: Entity engaged in issue management, advisory, or underwriting, registered with SEBI.
  • SEBI (Merchant Bankers) Regulations, 1992: Governs registration and operations.

NISM Merchant Banking

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