30(Development Banks) Flashcards
1
Q
What are they
A
Those banks who lend for long term at lower interest rates in developmental projetcs.
2
Q
Examples
A
Industrial-IFCI,SIDBI,IDBI
Agri-NABARD
Exports-EXIM
Housing-NHB
3
Q
where do they get money
A
1 Security issue at capital market
2 Govt incentive
3 LIC+PF+Pension scheme+Post office
4 RBI
4
Q
Which was the first developmental bank of India
A
IFCI
