3.3 Other Banks: Establishment, Management and Functions of Other

Banks The development banks: the establishment (the licence-and-capital per class); the functions (the project finance, the sector lending — the wholesale-and-long-term face); the management (the same governance craft scaled). The finance companies: the consumer-and-hire-purchase lenders (the asset finance's specialists). The microfinance financial institutions (MFIs): the establishment (the Grameen-model lineage); the functions (the group lending, the small savings — the financial inclusion's foot-soldiers (the village-and-women's focus — the sector's celebrated- and-critiqued record)); the management (the branch-and-group structures). The cooperatives' financial faces (the cooperative-and-community savings — the dual-regulation questions (the cooperative law + the NRB's supervisory interface — the sector's controversies honestly noted)). The institutional ladder's craft (the memory aid): the classes A-B-C-D of the BAFIA (the commercial, the development, the finance, the micro) — the licence class's function's fit. Exam Focus Long questions: (i) The commercial bank's establishment-and-functions (the licence- first craft — the banker); (ii) The banker's privileges (the lien-and-set-off core). Short questions: the banker's lien; the set-off; the KYC; the MFI model. Trick areas: (i) The LICENCE (NRB) precedes-and-accompanies the incorporation — the bank's double birth; (ii) The banker's lien is the GENERAL lien (the ordinary-course securities — broader than the pledge's special); (iii) The set-off requires the SAME customer's MUTUAL debts (the same-right-same-capacity); (iv) The MFIs' class-D — the inclusion's instrument (the "micro = small commercial bank" simplification…