Definition

Industry Banks

Industrial banks are engaged primarily in industry financing through medium and long-term loans to industrial projects. These banks also perform many activities of the commercial banks including taking deposits and opening letter of credit etc.

Share it:  Cite

More from this Section

  • Negotiable CD
    Negotiable CD means a type of interest-bearing deposit that may be sold to other investors ...
  • Pure no-fault plan
    Pure no-fault plan is the injured person cannot sue at all, regardless of the seriousness ...
  • Bankruptcy risk
    Bankruptcy risk is the risk that a firm will be unable to meet its debt obligations. Also ...
  • Money market
    Money market is a financial market in which only short-term debt instruments (generally ...
  • Pledge
    In the case of the pledge, the goods are placed in custody of the bank with its name on ...