The effective functioning of the finance sector is one of the important aspects that have the power to strengthen the growth and development of a country. Different types of banking services are available these days that focus on different areas. Merchant Banks and Development Banks are part of them.
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Developments Banks are established by the state or central Governments to contribute to the growth and development of the country in all areas. Adapting more technological support in the relevant areas, modernization, better housing and employment provisions are parts of their aim.
Knowing about them is a better way to make use of their services effectively.
References
- https://think-asia.org/bitstream/handle/11540/1392/poverty-data-implications.pdf?sequence=1