Difference between commercial banks and development banks

▪️Loans provided by the commercial banks are of short term and medium-term (against the

mobilisation of short- to medium-term deposits), compared to long-term loans provided by

development banks.

▪️ Commercial banks accept deposits from the public. Development banks accept deposits from commercial banks, Central and State governments.

▪️ Commercial banks finance needs of the consumer, whereas development banks provide refinance facilities to commercial banks