Merchant banking is a combination of banking and consultancy services. It provides consultancy to its clients for financial, marketing, managerial and legal matters. Consultancy means to provide advice, guidance and service. It helps a business person to start a business. It helps to raise (collect) money. It helps to expand and modernise the business. It helps in restructuring of a business. It helps sick business units. It also helps companies to register, buy and sell stocks at the stock exchange.