CUET: PG || Entrance 2022 || M.Com || Development Banks || NABARD | IFCI | SIDBI |

The banking system of India consists of the central bank (Reserve Bank of India - RBI), commercial banks, cooperative banks and development banks (development finance institutions). These institutions, which provide a meeting ground for the savers and the investors, form the core of India's financial sector. Introduction to Development Bank: Development Banks are special industrial financing Institutions. This concept is of recent origin. These banks were mostly set up after World War II in both developed and underdeveloped countries. The role of Development Banks is more pronounced in developing countries where governments have taken upon themselves the task of accelerating the pace of economic development. #Development_Banks do not mobilize savings like other banks but invest the resources in a productive manner. Definition of a Development Bank A Development Bank may be defined as a financial institution concerned with providing all types of financial assistance medium as well as long term two business units. Features of a Development Bank ●A Development Bank does not accept deposits from the public like commercial banks and other financial Institutions who entirely depend upon saving mobilization. ●It is a specialized financial institution which provides medium term and long term lending facilities. ●It provides financial assistance to both private as well as public sector institutions. ●The objective of this bank is to serve Public Interest rather than earning profits. Various Types of Development Banks in India: SIDBI (Small Industries Development Bank of India) EXIM (Export-Import Bank of India) #NABARD (National Bank for Agriculture & Rural Development) #NHB (National Housing Bank) IFCI (Industrial Finance Corporation of India) #IDBI (Industrial Development Bank of India) #cuet#cuet_pg#cuet_ug#cuet2022#delhibytes #pgadmission2022#m.com Mission Delhi University a subsidiary of #Delhi_Bytes Education Telegram (Mission Delhi University): https://t.me/missiondelhiuniversity Instagram (Mission Delhi University): https://instagram.com/mission_delhi_u... Rimjhim Ma'am (Instagram): https://instagram.com/delhibytes_rimj...