Developmental Banking system originated in
AUnited States
BUnited Kingdom
CFrance
DGermany
Answer:
D. Germany
Read Explanation:
Industrial / Investment / Developmental Banking:
- It is a system where banks accept deposit for long period and lend them for longer periods.
- It mainly meets the requirements of medium and long terms financial needs of industrial concerns.
- They give long term funds to industries for acquisition of fixed assets, modernisation, expansion of business and re-organisation of the industry.
- Originated in Germany
- It helps to sell or undertake the debentures and shares of the industrial concerns.
- Underwriting of shares issued by public limited companies
- It provides technical assistance to industries.
- Eg. IFCI, IDBI, ICICI, EXIM, SIDBI, NABARD etc.