A system where banks accept deposits for longer periods and lend them for longer periods is known as

Name: Kerala PSC Learning App
Availability: InStock

ARetail Banking

BInvestment Banking

CSavings Banking

DIndustrial Banking

Answer:

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.

Challenger App