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The Development Banks in India Are Classified As The Following Types
The Development Banks in India Are Classified As The Following Types
Public sector bank the banks that are totally owned by the governments and are
schedule.
Industrial bank It is known as a industrial loan companies. It also sells certificates
as an investment in shares.
Development bank It is a specialized financial sector and provides loan for the
development of the agriculture sector. They provide finance to both the private sector and
public sector.
Foreign bank These banks are incorporated in foreign country. They have set up
by totally Indians and also by Indians. It is one of the top four banks of India.
Commercial bank-It is mainly used for the exchange of the bills, government bonds,
secured and unsecured trade and industrial units.
act comes under non scheduled bank. They are not entitled to the privileges and facilities.
The development banks in India are classified as the following types:
Agriculture development bank It includes the National bank for regional and rural
development.
The commercial bank exist all round the world where as the scheduled bank
constitute the unique feature of the Indian banking system.
All the scheduled bank must maintain a reserve capital of Rs 5 lakh in the reserve
bank of India.