Growth of Non Bank Financial Institutions over Time  and Contribution to Economy: Evidence from Bangladesh. Instead of Present one

Growth of Non Bank Financial Institutions over Time and Contribution to Economy: Evidence from Bangladesh. Instead of Present one

Anupam Das Gupta

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Afsana Yesmin

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Md. Omar Faruk Khan

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University of Chittagong

Growth of Non Bank Financial Institutions over Time and Contribution to Economy: Evidence from Bangladesh. Instead of Present one

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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 nonbanking 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 Bangladesh.

References

10 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Anupam Das Gupta. 2013. \u201cGrowth of Non Bank Financial Institutions over Time and Contribution to Economy: Evidence from Bangladesh. Instead of Present one\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 13 (GJMBR Volume 13 Issue C6).

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GJMBR Volume 13 Issue C6

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Development growth and non-bank financial institutions

Submission ReceivedDecember 14, 2012
Peer Review Double Blind
Handling Editor
Accepted January 1, 2013
Published January 15, 2013

Version of record

v1.2

Issue date

June 28, 2013

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Article Matrices

Total Score: 103

Country: Bangladesh

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Anupam Das Gupta, Afsana Yesmin, Md. Omar Faruk Khan (PhD/Dr. count: 0)

View Count (all-time): 163

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Publish Date: 2013 06, Fri

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Total Views: 4744

Total Downloads: 2576

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