DFIs no longer relevant now: RBI

.....Chakravarty, who was speaking on 'IDBI's role as a DFI' organised by United Forum of IDBI Officers and Employees here last night, said that earlier banks did not have access to long-term funds and used to provide short-term working capital. On the other hand, the DFIs with government support had access to long-term funds and were able to provide term loans.  "But the scenario has changed now. The banks are now having access to long-term funds through pension and insurance funds," he said..........

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