06/09/2008
The development banking model is widely seen as passé. Few of the development financial institutions (DFIs) created in the post World War II years survive today, having either been wound up or transformed into other types of financial intermediaries. A similar debate has been ongoing in India, but interestingly, while many of the older DFIs in India have either transformed themselves or been wound up, the government has as recently as 2006 set up one more such entity.