What do you understand by development banks?

1 year ago

Development banks are special financial institutions which provide long-term capital to industry. These banks assist the promotion, expansion and modernisation of industries. They act as underwriters also. Development banks which have been established and functioning in India are IFCI, SFCs, IDBI, ICICI, IRBI, etc.

Susmita Sah
Jan 16, 2022
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