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What are Development Bank and Specialized Banks?

Updated: 11/6/2022
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ManishGoyalfb8905

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10y ago

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Development Bank - banks which are entrusted to provide medium and long term capital to msme for their modernization,buying machinery etc are called development bank

Specialized bank - banks which are meant to provide overall support for setting up business such as financial aid,letting them know the market,competition there etc are termed as specialized bank

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Q: What are Development Bank and Specialized Banks?
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Examples of the banks that is development banks?

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What is the example of private development bank?

Development Banks are banks that often finance specific national and regional projects (i.e., Inter-American Development Bank, African Development Bank, Asian Development Bank).


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