INDUSTRIAL BANK Meaning and
Definition
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An industrial bank, also known as an industrial loan company (ILC) or a commercial bank of industry (CBI), is a type of financial institution that specializes in providing banking and financial services to companies in the industrial sector. It is a unique form of bank that focuses on catering to the needs of businesses involved in manufacturing, production, and other industrial activities.
Industrial banks typically offer a wide range of services including loans, leases, deposit accounts, and cash management solutions to their corporate clients. They may also provide additional financial products such as lines of credit, asset-based lending, and equipment financing to support the specific requirements of industrial companies.
What sets industrial banks apart from traditional commercial banks is that they often have a closer understanding of the unique needs, risks, and challenges faced by businesses in the industrial sector. This specialized knowledge allows them to tailor their services and lending practices to better suit the needs of these companies.
Industrial banks are subject to regulatory oversight by banking authorities and are required to adhere to specific rules and regulations that pertain to their operations and risk management practices. Due to this regulatory framework, industrial banks are often seen as stable and reliable partners for businesses within the industrial sector seeking financial assistance and expertise.
Common Misspellings for INDUSTRIAL BANK
- undustrial bank
- jndustrial bank
- kndustrial bank
- ondustrial bank
- 9ndustrial bank
- 8ndustrial bank
- ibdustrial bank
- imdustrial bank
- ijdustrial bank
- ihdustrial bank
- insustrial bank
- inxustrial bank
- incustrial bank
- infustrial bank
- inrustrial bank
- ineustrial bank
- indystrial bank
- indhstrial bank
- indjstrial bank
Etymology of INDUSTRIAL BANK
The word "industrial bank" is formed from the combination of the words "industrial" and "bank".
The term "industrial" dates back to the late 18th century and is derived from the Latin word "industrius", meaning "diligent" or "industrious". In English, it originally referred to anything connected to commerce, trade, or productive economic activity.
The word "bank" has a much older origin, tracing back to the Middle English word "banke" and the Old Italian word "banco". Both of these words referred to a bench or counter used by money exchangers or moneylenders. This eventually evolved into the concept of a financial institution that accepts deposits, offers loans, and performs various other financial transactions.
Similar spelling words for INDUSTRIAL BANK
- industrialism,
- industrialised,
- industriousness,
- industrial process,
- industrially,
- industrial plant,
- industrialized,
- industrialist,
- industrial arts,
- industriously,
- industrialisation,
- industrial union,
- industrialize,
- industrial disease,
- industrialization,
- intestinal artery,
- industrialise,
- industrial park,
- intestinal bypass.
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