Definition

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

  • Branch Managers
    When banks operate large branch system, many of these functions are supervised by the ...
  • Foreign Tax Credit
    Foreign tax credit refers to the amount by which a domestic firm may reduce (credit) domestic ...
  • Arbitrageur
    Arbitrageur, arbitrager is a person whose business is risk arbitrage. Arbitrageurs buy ...
  • Tax Avoidance
    Tax Avoidance is lawful agreement or re-arrangement of the affairs of an individual or ...
  • Exchange Rate Mechanism (ERM)
    Exchange Rate Mechanism (ERM)— the means by which members of the EMS maintain their ...