The
Definition Of

Specialized Banks

Specialized Banks are banks which concentrate mainly on financing specialized economic and social activities. Specialized activities may be small and cottage industries financing. Financing the rural asset less and landless people etc.

Grameen Bank (G.B.) of Bangladesh is an example of Specialized Bank.

Share it:  Cite

More from this Section

  • Trustees
    Trustees have a fiduciary duty to act in accordance with a trust deed and for the benefit ...
  • Capital Market
    Capital Market is market in which financial instruments are bought and sold. ...
  • Deck Cargo
    Deck Cargo is goods shipped on the deck of a ship rather than in its holds. Due to the ...
  • Discrepancy
    Discrepancy is irregularity in trade documentation presented for payment under a documentary ...
  • Account party
    Account party is the customer who requests a standby letter of credit from a bank or other ...