The-definition.com

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

  • Compound Interest
    Compound Interest is interest payable (receivable) on interest. ...
  • Basle Agreement
    Basle Agreement is a negotiated agreement between bank regulatory authorities in the United ...
  • Target financing rate
    Target financing rate is the European Central Bank’s target for the overnight cash rate, ...
  • Tellers
    One bank employee that many customers see and talk with is the teller the individual who ...
  • Unified tax credit
    Unified tax credit is a tax credit that can be used to reduce the amount of the federal ...