distinguish between development bank and commercial bank ?
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The main purpose of commercial banks is making a profit through interest earned by lending at a high-interest rate. Development banks, on the other hand, aim at achieving social profit, through effecting developmental projects
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The main purpose of COMMERCIAL BANKS is making a profit through interest earned by lending at a High - Interest rate...
On the other hand DEVELOPMENT BANKS aim at achieving social profit, through effecting developmental projects...
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