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  3. Unit-6
unit-6-sources-of-long-term-finance-and-underwriting

Unit-6 Sources Of Long-Term Finance And Underwriting

In this unit we shall examine in detail the nature and importance of long-term finance.

What do you understand by the term development bank? State the functions of two all-India development banks.




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Learning Pundits Content Team

Written on Apr 15, 2019 6:22:29 PM

Development Banks: Financial institutions which provide long and medium-term finance to entrepreneurs and organizations so that funds are invested in industrial , ventures which are in conformity with national development plans. The development banks like IFCI, ICICI, IDBI, besides giving loans to industrial enterprises, also guarantee loans and underwrite shares and debentures issued by such companies.