Which of the following statement/s is/are true?

A. Development banks are financial institutions that provide long-term credit for capital-intensive investments such as heavy industry, infrastructure, mining, etc., that are spread over a long period

B. The commercial banks were seen with Short-term and medium-term perspective in terms of liquidity. They were not in a position to make investments in Long-term projects

C. Both A and B

D. Neither A nor B

Answer: Option C