Synopsis Under the liberalized economic and industrial scenario, Indian industries have been approaching the capital market to tap their financial resources for restructuring their industries in a big way. The merchant bankers are providing ample funds to their industries for their structural changes. Of late, the value of the merchant banking services in much reduced due the downtrend in the primary market. Apart form the lackluster conditions of the primary market, the recent measures of SEBI and RBI have radically altered the way of functioning of all the merchant bankers in India. the norms have changed the rule of the game. These norms are causing some adjustment problems for both the public sector as well as the private sector merchant bankers. The merchant banking outfit cannot extrapolate or go by the past standards to plan for the future. Because too many changes are coming out too fast and the implication of which are not clearly comprehensible at the movement. This book focuses the recent issues in the merchant banking segment and how it will affect the merchant banking operations. The topics covered and discussed in the book would make this volume a reference book/ ready reckoner on the desktop of financial executives of Merchant banking outfit, academicians, students of the financial services, researchers, financial institutions, non-banking financial institutions, non-banking financial institutions, stock brokers and banks.