A

DISSERATION REPORT
ON
GROWTH AND CHALLENGES OF MERCHANT
BANKING IN INDIA
Submitted to:
IN PARTIAL FULFILLMENT FOR THE DEGREE OF
MASTER OF BUSINESS ADIMINISTRATION
(Session 2009-2011)
Under the supervision from: Submitted By:-
To whom so ever it may concern

This is to certify that Mr. /Ms. Jasvir bearing class roll no. 1129 a bonafide student of Masters of
Business Administration (4
th
sem.) has completed his/ her work on project study (CP-402)
entitled GROWTH AND CHALLENGES OF MERCHANT BANKING IN INDIA under
my supervision.
His/Her work is original, satisfactory and fit for the purpose of further evaluation
towards the potential fulfillment for the degree of Masters of Business Administration (2009-
2011) Kurukshetra University, Kurukshetra
Signature of the guide Director
( _____________ ) Faculty, M.B.A
i
DECLARATION
I hereby declare that the dissertation entitled GROWTH AND CHALLENGES OF
MERCHANT BANKING IN INDIA that is being submitted by me in partial fulfillment of
the requirements for the award of the degree of MBA& business,is a record of bonafied work
carried out by me. The results embodied in this dissertation have not been submitted to any other
university or institution for the award of any degree or diploma.

ii
ACKNOWLEDGEMENT
The authorship of a monograph is usually attributed to one person but a report on the internship
or a project work like this one is a joint affair. I am indebted to all who have directly and
indirectly been of great help to me in doing and writing this Project report.
The goal was fixed and we began with a determined resolved and put in ceaseless sustained hard
work. The higher the summit, the harder is the climb. There were times when the goal looked
beyond reach but all difficulties were accepted as challenges. Greater the challenge, greater was
the effort to overcome it.

I am grateful to Mr. Pardeep Kumar , Faculty of IBMT, Kalwad (Yamunanagar), for his
continuous and deliberate discussion on the topic and indeterminable burden taken by him in
helping me during the project.
I am pleased to say that the whole report is just the presentation of the facts that have been found
during the research through different sources and its each sentence is an exact representation of
the information obtained thereof.
I hope that I have manifested my sincere attempts to represent all the information and other things
to the best of ability.
ii

CONTENTS
Page No.
Certificate
Declaration
Acknowledgement
Executive Summary
Introduction 2-44
Profile of the study
Study of Objective 45-46
Literature Review 47-49
Research Methodology 50-52
Research Design
Sampling and Sampling Design
Data Collection Methods
Limitations of the Study
Industry Profile 53-79
o Data Analysis and Interpretation
o Analytical Tools
Conclusion 80-81
Findings 82-83
Bibliography 84-85
Annexure 86-87

ECUTIVE SUMMARY
In the present day capital market scenario, the merchant banks play the role of an encouraging
and supporting force to the entrepreneurs corporate sectors and the investors. There is vast scope
for merchant bankers to enlarge their operations both in domestic and international market.They
should develop adequate infrastructure including expertise in order to provide full range of
merchant banking services to corporate sector.
Important reason for the growth of merchant banking has been the developmental activity
throughout the country, exerting excess demand on the sources of funds foe ever expanding
industry and trade, thus, leaving a widening gap unabridged between the supply and demand of
investible funds. All India financial institutions had experienced resource constraint to meet the
ever-increasing demand for funds from the corporate sector enterprises.