Growth of Non Bank Financial Institutions Over Time and Contribution to Economy: Evidence from Bangladesh

Afsana Yesmin; mdomarfarukkhan Unknown; Anupam Das Gupta

Authors

Afsana Yesmin
mdomarfarukkhan Unknown
Anupam Das Gupta

Keywords:

development, growth and non-bank financial institutions

Abstract

Non-banking financial companies, or NBFIs, are the financial institutions that provide financial services including banking but do not hold a banking license. These institutions are not allowed to take deposits from the public. The development of non-bank financial institution as financial intermediaries complementary to commercial banks is noticeable in Bangladesh. Started in 1981, the size of the non- banking sector has been increased in both absolute and relative terms. However, the research on the sector remains substantially insignificant. Most importantly, growth of the non-banking industry and its contribution in the economic development have been a lacking in the available existing literature. Keeping this in mind, this paper aims at addressing the growth of the industry and its change over time by adopting growth measures based on asset, loan, income and expenditure figures with a sample period of 11 years from 2000-2010. The study reveals a positive growth of NBFIs over the years in advances, income, assets and others financial aspect and a good contribution in the GDP growth of o Bangladesh.

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How to Cite

Growth of Non Bank Financial Institutions Over Time and Contribution to Economy: Evidence from Bangladesh. (2013). Global Journal of Management and Business Research, 13(17), 17-24. https://journalofbusiness.org/index.php/GJMBR/article/view/

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Author Biographies

Afsana Yesmin

Ms. Afsana is working as an Assistant Professor at Department of Business Administration in the Premier University, Bangladesh. Her current research focus is bank efficiency and Profitability. She has published numerous academic papers in national & international peer-reviewed journals.

mdomarfarukkhan Unknown

Md. Omar Faruk Khan is a researcher affiliated with the University of Chittagong, Bangladesh. He has contributed to the field of finance and banking, co-authoring a study on the growth of Non-Bank Financial Institutions and their contribution to the economy of Bangladesh. His work reflects a focus on financial sector development in emerging economies.

Anupam Das Gupta

Dr. Anupam Das Gupta is an Associate Professor of the Department of Finance at the University of Chittagong. Dr. Gupta has completed his BBA and MBA degree From the Department of Finance and Banking, University of Chittagong. He has also completed post graduate diploma on Human Resource Management from Bangladesh Institute of Management Studies. Dr. Gupta has obtained PhD degree in Business Administration from Huazhong University of Science and Technology, China under Chinese Government Scholarship. Dr. Anupam Das Gupta started his career as a faculty of a private university. Then he joined as a management trainee in a leading private Bank (Bank Asia Limited). After two years of active service, he joined as a lecturer in the Department of Finance and Banking. His current research focuses on banking efficiency and risk management. He has published numerous academic papers in local and international peer-reviewed journals. Contact information of Anupam Das Gupta: Phone number +8801717090255; E-mail: [email protected].

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