Brief Analysis of Some Merchant Banks in India

March 10, 2019 | Author: Parul Prasad | Category: Hsbc, Securities (Finance), Banks, Capital Market, Stocks
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SBI’s Merchant Banking Group is strongly positioned to offer perfect financial solutions to your business. They specialize in the arrangement of various forms of Foreign Currency Credits for Corporate. They provide the resources, convenience and services to meet the customer needs by arranging Foreign Currency credits through: Commercial loans Syndicated loans Lines of Credit from Foreign Banks and Financial Institutions FCNR loans Loans from Export Credit Agencies Financing of Imports.      

They are internationally the most Preferred Bank by Export Credit Agencies for Guarantees in case of the Indian Clients or Projects. State Bank of India was the first Indian Bank to take up merchant banking in 1986.State Bank of India is the nation's largest bank. Tracing its roots back some 200 years to the British East India Company (and initially established as the Bank of Calcutta in 1806). The bank  owns majority stakes in five associate banks, such as –  State Bank of Bikaner & Jaipur, State Bank of Hyderabad and State Bank of Travancore, State Bank of Patiala and State Bank of  Travancore.. As of 31st March 2012, the State Bank of India has 173 overseas offices spread over 34 countries. The Reserve Bank of India owns about 60% of State Bank of India. SBI  being an Indian entity has no India exposure ceiling. Their Primary focus is On Indian Clients.

SBI is the largest commercial bank group in India. It is the only Indian Bank to find a place in the Fortune Global 500 List. Revenue: US$ 36.950 billion (2012) Profit: US$ 3.202 billion (2012) Total assets: US$ 359.237 billion (2012) Total equity: US$ 20.854 billion (2012) Employees: 292,215 (2012) ATMs: 27,000+ [The SBI group i.e. including associate banks has about 45,000 ATMs] Products and Services: Arranging External Commercial Borrowings (ECB) Arranging and participating in international loan syndication Loans backed by Export Credit Agencies Foreign currency loans under the FCNR (B) scheme Import Finance for Indian Corporates.     


SBI Capital Markets Ltd (SBICAPS) [ ] is India's leading investment bank and project advisor, assisting domestic company’s fund -mobilization efforts for last many years. They  began operations in August 1986 as a wholly owned subsidiary of the State Bank of India. In January 1997 the Asian Development Bank acquired a 13.84% equity stake in SBICAPS. This share was repurchased by State Bank of India in March 2010.

Services offered by SBICAPS: Project Advisory & Structured Finance Energy, Telecom, Transportation and Urban Infrastructure Capital Markets Expertise and Credentials Managing Rights Issues Managing Takeover Open Offers Managing Delisting Offers M&A and Advisory Merger and Acquisitions Private Equity Foreign Currency Convertible Bonds Corporate Advisory Services 

Awards and Rcognitions: India Loan House 2011 by Thomson Reuters (IFA Asia) for 3rd consecutive year   Best arranger of Indian Loans 2011 by EuroWeek Asia.  Financial Advisor of the year 2011 for Power and for Oil and Gas by IJ Infrastructure  Journal

ICICI BANK  ICICI Bank is the second largest bank in India by assets and third largest by market capitalization. It is India's largest private sector bank established in 1996. ICICI Bank's  presence currently spans 19 countries, including India. It has more than 2,907 branches and 10,088 ATMs in India. [2]

ICICI's retail banking group offers lending and deposit services to small businesses and individuals. Larger businesses are served by the corporate banking group, which offers finance services and treasury products. ICICI's rural and government banking unit offers micro-loans and agricultural banking. Foreign operations, as well as services related to international trade finance and expatriate Indians, fall under the international banking group. Other ICICI offerings include online banking, asset management, and insurance. Profit: Rs. 64.65 billion (2012) 1 2

Total asset: US$ 122 billion (2012) Branches: 2,907 (2012) ATMs: 10,088 (2012) ICICI advices on wide variety of Products: Private Equity Financing Secondary sale transactions Pre IPO deals   

ICICI Securities Ltd is the largest equity house in the country providing end-to-end solutions (including web-based services) through the largest non-banking distribution channel so as to fulfil all the diverse needs of retail and corporate customers. ICICI Securities (I-Sec) has a dominant position in its core segments of its operations - Corporate Finance including Equity Capital Markets Advisory Services, Institutional Equities, Retail and Financial Product Distribution.

ICICI Securities Inc., the step-down wholly owned US subsidiary of the company is a member of the National Association of Securities Dealers, Inc. (NASD). As a result of this membership, ICICI Securities Inc. can engage in permitted activities in the U.S. securities markets. These activities include Dealing in Securities and Corporate Advisory Services in the United States and providing research and investment advice to US investors. ICICI is a SEBI Registered Category-I Merchant banker. ICICI Securities Inc. is also registered with the Financial Services Authority, UK (FSA) and the Monetary Authority of  Singapore (MAS). Awards and Recognitions: 

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ICICI Securities won the Outlook Smart use Technology eRetailer of the year 2013 conferred by FIHL in association with ICICI Securities Business Partners (Sub Broker channel) won the 'Franchisor of the Year' at the Franchise Awards 2012 for the fourth time in a row. ICICI Securities won the 'BSE IPF D&B Equity Broking Awards 2012' under two categories: Best Equity Broking House - Cash Segment and Largest E-Broking House. ICICI Securities awarded the Asiamoney `Best Domestic Equity House' for 2012 ICICI Securities has awarded as the Best Investment Bank 2008 by Global Finance Magazine.

Current affairs: ICICI Securities has advised investors to 'subscribe' to the initial public offering of Repco Home Finance (RHF) at the upper end of the price band. The company has entered the primary market on March 13th, 2013, with a public issue of 15,720,262 equity shares of the face value of Rs 10 each for cash at a price band fixed between Rs 165 and Rs 172 per share. "At the IPO price band of Rs 165-172, the stock is available at multiple of  1.8x-1.9x FY13E ABV (post dilution).

PUNJAB NATIONAL BANK  Punjab National Bank  (PNB) was established in 1895. PNB is the largest nationalised Bank  in the country in terms of Branch Network, Total Business, Advances, Operating Profit and Low Cost CASA Deposits. PNB is a public sector bank.

Bank has expanded its footprint into 10 countries. Bank also has 4 overseas branches in Hong Kong, Dubai & Afghanistan and an Offshore Banking Unit (OBU) Branch in SEEPZ, Mumbai. Bank has one wholly owned overseas Banking subsidiary, PNB International Ltd. (UK) along with other two overseas subsidiaries are Druk PNB Bank Ltd, Bhutan and PNB Kazakhstan besides Representative Office in Sydney, Australia, Dubai, Almaty, China &  Norway. Bank is planning to set up its second wholly owned subsidiary in Canada. Bank is also looking to upgrade its Representative Offices at Norway, China and Australia to fullfledged branches. Bank is also exploring possibilities for presence in Maldives, South Africa, Bangladesh, Myanmar, Pakistan, Singapore and Brazil. Customers: 72 million (2012) Branches: 5937 (2012) Profit: 1246 crore (2012) Total asset: 679,823 crore (2012) ATMs: 6050 (2012) PNB Investment Services Ltd . (PNBISL) was incorporated on the 2nd of February 2009. It is a wholly owned subsidiary of PNB and has been set up for carrying out Merchant Banking Business. PNBISL is registered with SEBI as a Category- I Merchant Banker to handle all major Merchant Banking Services to Corporate, Institutional and Individual clients. Their  gamut of Merchant Banking services includes: 

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Managing Initial Public Offerings and Follow-on Public offerings and Offers-forSale. Managing Rights Offering, be it the traditional or the structured formats. Qualified Institutional Placements. Open offers, Buyback and Delisting of securities. Equity Mobilisation for infrastructure projects from Private Equity investors. Bulk and Block trades on Exchanges, and off-market transactions (Auction based transactions for Government of India divestments). Offerings of convertible securities. Public offering of Corporate structured bonds. Arranging Private Equity to include growth capital, pre-IPO convertibles, private investments in public equity (PIPES), mezzanine debt and equity, and equity offerings completed as a private placement. Private placement of bonds. Arranging Promoter’s contribution in new projects, expansion restr ucturing or  dilution of stake from Venture Capital or other Private Equity player. Capital restructuring advisory services. Advisory and arrangement services for products such as AIM Listing, Indian Depository Receipts, ADR/GDR and other off-shore equity or bond listing options.

The Bank has an exclusive and specialized Capital Market Service Branch at New Delhi for   providing Merchant Banking Services to the Corporate.

CORPORATE PROFESSIONALS GROUP Corporate Professionals Capital Private Limited is a Merchant Banking arm of Corporate Professionals Group, a fast mounting corporate consultancy group in India. With a humble start in 2003, Corporate Professionals has grown into a multi-disciplinary mega firm of more than 110 professionals devoted to continually pursuing to achieve the excellence. The group is known for its steep growth rate and incessantly carving out inimitable solutions in financial and legal framework. Within a short span of 5 years group has earned laurels of successfully serving more than 800 corporate houses covering more than 1200 Clients for over 2000 diverse corporate transactions.

Corporate Professionals Capital Private Limited, a SEBI Registered Category 1 Merchant Banker, provides investment banking solutions to a wide range of corporate houses through highly structured financial transactions that serve as alternatives to traditional financing and  provide enduring solutions to help companies maximize their value. Corporate Professionals has been integrally involved in more than 100 M & A deals valued at more than INR 90000 Million and more than 35 funding deals valued at more than INR 50000 Million, up significantly in last year. Their experience in transaction advisory services has reached the milestone of 250 transactions valuing an aggregate of more than INR 75000 Million.


The Hong Kong and Shanghai Banking Corporation (commonly known as HSBC) is a multinational banking and financial services company headquartered in London, United Kingdom. As of 2012, it was the world's third-largest publicly held bank and sixth-largest  public company, according to a composite measure by Forbes magazine. HSBC is a universal  bank and is organised within four business groups: Commercial banking; Global-banking and Markets (investment/merchant banking); Retail Banking and Wealth Management; and Global Private Banking. Branches: 60 [in India (2012)] Employees: 30,000 [in India (2012)] Total asset: US$ 2.693 trillion, of which roughly half were in Europe, the Middle East and Africa, and a quarter each in Asia-Pacific and the Americas (2012) HSBC Securities and Capital Markets (India) Private Limited is a member of the HSBC group. 75% of the equity is held by HSBC Investment Bank Holdings BV (which is ultimately owned 100% by HSBC Holdings plc). HSBC Securities and Capital Markets (India) Private Limited is the stock broking and investment/merchant banking arm of the HSBC group in India. HSBC Securities and Capital Markets (India) Pvt. Ltd. is a SEBI Registered Category 1 Merchant banking firm. The firm offers mergers and acquisitions,  primary and secondary capital market funding, privatizations, equity research and brokerage, and structured financial solutions. It also provides project and export finance advisory

services including project advisory and project debt arranging. The firm is based in Mumbai, with an additional office in New Delhi. HSBC Securities and Capital Markets (India) Private Limited deals in Indian securities for both Indian and international institutions and for select retail clients.

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