Economics · Economy

Consider the following statements regarding Development Financial Institutions (DFIs): I. Development Financial Institutions (DFIs) are specialized financial entities that provide long-term credit for capital-intensive investments such as infrastructure, industry, and agriculture where the risks are often too high for traditional commercial banks. II. Unlike commercial banks, DFIs do not accept retail deposits from the general public and instead rely on the capital market, international borrowings, and government grants for their funding requirements. III. All-India Financial Institutions (AIFIs) are required to maintain a minimum Capital to Risk-Weighted Assets Ratio (CRAR) of 9 percent as per the RBI master directions. IV. The primary objective of a DFI is to maximize short-term profits for its private shareholders rather than focusing on the socio-economic development of the country or specific sectors. Which of the statements given above are correct?