Development Banks: Their role and importance for development C.P. These banks are specialised financial institutions which perform the twin functions of providing medium and long-term finance to private entrepreneurs and of performing various promo­tional roles conducive to economic development. DIFFERENT TYPES OF BANKS Commercial Banks. The main objective of these banks is to provide long-term loans for expansion and modernisation of industries. Offshore banks operate in areas of reduced taxes, as compared to the country in which the investor lives in. Development Banks: Their role and importance for development C.P. The money market provides short-term funds which mean working capital requirements. Since individuals or corporate have diversified needs of finance. They mobilize small savings and promote the growth of trade and commerce. Although there are many multilateral development banks focusing on distinct areas and countries, our emphasis here will be the so-called “state-owned” development banks, controlled by a local government.
Economic development is the process of improving the quality of life of a nation, region or community. It aims at industrial development and economic development … Playing multiple roles, Commercial Banks – Types, Functions, Role in Economic development Commercial Banks comprise of public sector banks, private sectors banks and foreign banks which represent the most important financial intermediaries in the financial system of a country. This is another popular type of lending by modern banks.

It is established with the objective of providing institutional credit and enhancing the production and productivity of the agricultural sector in the country. (3) Development Bank – It is a financial Institution concerned with providing all types of financial assistance to business units in form of loans, underwriting services, Investment and Guarantee Operations and Promotional Activities. Industrial Development Bank of India (IDBI): The IDBI was established in July 1964 as a wholly owned subsidiary of the Reserve Bank but was made an autonomous institution in February 1976. DFIs can include multilateral development banks, national development banks, bilateral development banks, microfinance institutions, community development financial institution and revolving loan funds. The bank, which is established to develop the agricultural sector of the country, is called Agriculture Development Bank (ADB). At the time of its formation, it took over the Refinance Corporation for Industry which was set up in June 1958.
Chandrasekhar Among the institutions whose role in the development of the less developed regions is well recognised but inadequately emphasised are the development banks. (3) Development Bank – It is a financial Institution concerned with providing all types of financial assistance to business units in form of loans, underwriting services, Investment and Guarantee Operations and Promotional Activities. Playing multiple roles, these institutions have helped promote, nurture, support and monitor a range of activities, though their most important … Development Banks in India Working capital requirements are provided by commercial banks, indigenous bankers, co-operative banks, money lenders, etc. Other types of banks, such as a central bank, serve … These include the offshore, community and savings banks, as well as the community development banks, building societies, postal savings banks, ethical banks and Islamic banks. The bank’s approach is based on microcredit —small loans amounting to as little as a few dollars. Long-term capital is provided by land mortgage banks, nowadays called land-development banks, while short-term loans are given by co-operative societies and co-operative banks. In addition to these institutions, there are also institutions such as Life Insurance Corporation of India, General Insurance Corporation of India, National Housing Bank, Unit Trust of India, etc., which are providing investment funds. Chandrasekhar Among the institutions whose role in the development of the less developed regions is well recognised but inadequately emphasised are the development banks.


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