Author Description

The book “Development Financial Institutions in India” reveals an intense image of role and significance of development finance. It enables the reader in discerning the need to set up development banking institutions across the globe and attempts to trace the motives behind demise of such an important source of long-term finance. Hence, this book helps in understanding reasons for the underestimation of the worth of development financial institutions in the eyes of policymakers gradually with special reference to India. The book presents the concept of development financial institutions entailing their evolution, working environment, conversion to universal/commercial banks and opinions for and against development financial institutions in India. However, India has not realized its developmental targets as yet, motives behind the demise of development financial institutions have been critically reviewed and consequences in the long run with possible solutions have been propounded.