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What is Private development banks?


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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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Commercial Banks are of 2 kinds: Private and Nationalised Private Commercial banks are private sector banks like ICICI, Citibank, etc, which have no government stake in them. Nationalised Commercial banks are government owned commercial banks like SBI, Canara Bank, Punjab National Bank, etc. The government holds a large stake in these banks. NABARD and SIDBI fall under what are known as Development Banks. Development banks are those banks which mainly have 2 funcitons: One, to act as refinanciers, diverting funds through nationalised banks for development purposes and Two, to undertake development projects like training and supporting fledgling industries. A third category of banks are known as Cooperative banks. The DCCBs or District credit cooperative banks fall under this category. All the above mentioned banks are governed and regulated by the Reserve Bank of India.

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Private banks will not get any type of government assistance. Most private banks are still closed on many federal holidays.

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Which of the following is an example of a development bank

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What is the structure of Development Banks in India?


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