characteristics
of development financial institutions
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Features of a Development Bank:
It is a specialised financial institution. ...
It provides medium and long term finance to business units.
Unlike commercial banks, it does not accept deposits from the public.
It is not just a term-lending institution. ...
It is essentially a development-oriented bank.
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Answer:
Features of a Development Bank:
It is a specialised financial institution.
It provides medium and long term finance to business units.
Unlike commercial banks, it does not accept deposits from the public.
It is not just a term-lending institution.
It is essentially a development-oriented bank.
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