Development of non bank financial institutions to strengthen the financial system of Bangladesh

Article

Hossain, Monzur and Shahiduzzaman, Md.. 2002. "Development of non bank financial institutions to strengthen the financial system of Bangladesh." Bank Parikrama. 27 (1), pp. 1-21.

Article Title	Development of non bank financial institutions to strengthen the financial system of Bangladesh
ERA Journal ID	41525
Article Category	Article
Authors	Hossain, Monzur (Author) and Shahiduzzaman, Md. (Author)
Journal Title	Bank Parikrama
	Bank Parikrama A Journal of Banking and Finance
Journal Citation	27 (1), pp. 1-21
Number of Pages	21
Year	2002
Place of Publication	Dhaka, Bangladesh
ISSN	1019-7044
Web Address (URL)	http://128.118.178.162/eps/fin/papers/0409/0409006.pdf
Abstract	Non-bank financial institutions (NBFIs) represent one of the most important parts of a financial system. In Bangladesh, NBFIs are new in the financial system as compared to banking financial institutions (BFIs). Starting from the IPDC in 1981, a total of 25 NBFIs are now working in the country. As on June 30, 2001 the total amount of paid up capital and reserve of 24 NBFIs stood Tk.6901.8 million (BB, 2002). The NBFIs sector in Bangladesh consisting primarily of the development financial institutions, leasing enterprises, investment companies, merchant bankers etc. The financing modes of the NBFIs are long term in nature. Traditionally, our banking financial institutions are involved in term lending activities, which are mostly unfamiliar products for them. Inefficiency of BFIs in long-term loan management has already leaded an enormous volume of outstanding loan in our country. At this backdrop, in order to ensure flow of term loans and to meet the credit gap, NBFIs have immense importance in the economy. In addition, non-bank financial sector is important to increase the mobilization of term savings and for the sake of providing support services to the capital market. The focus of this paper is to highlight the necessity and importance of NBFIs to strengthen the financial system for rapid economic development of the country.
Keywords	non-bank financial institutions; banking financial institutions; financial system; Bangladesh
ANZSRC Field of Research 2020	350202. Finance
	350204. Financial institutions (incl. banking)
	440499. Development studies not elsewhere classified
Public Notes	Open access journal
Byline Affiliations	Bangladesh Bank, Bangladesh

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