News & Events

Seminar on ‘Sale of National Saving Certificate: Beneficiaries and Interest Rate Mismatch’ held at BIBM

Written by Manager

Tuesday 16th April 2019

Press Release
Dhaka, 16 April 2019

A day long seminar was held at the Bangladesh Institute of Bank Management (BIBM) on 16 April 2019, in its auditorium. A paper titled ‘Sale of National Saving Certificate: Beneficiaries and Interest Rate Mismatch’ was presented in the seminar by Dr. Prashanta Kumar Banerjee, Professor & Director (RD&C and Admin &Acct) of BIBM. Other members of the team are Md. Mohiuddin Siddique, Professor and Director (DSBM) of BIBM; Md. Abdul Kayum, Faculty Member (on deputation) of  BIBM and General Manager of Bangladesh Bank;Tanweer Mehdee, Assistant Professor of BIBM; Md. Ruhul Amin, Assistant Professor of BIBM; Mohd. Rashedul Amin, Deputy Secretary, Ministry of Finance.

The study identifies the problem areas as well as success factors in national saving certificate. A good number of participant’s senior bank executives, academicians, media representatives, faculty members, officers of BIBM participated in the seminar. Dr.Barket-e-Khuda chair professor of BIBM Chaired the Program. Dr. Prashanta Kumar Banerjee, Professor & Director (RD&C and Admin & Acct) of BIBM delivered welcome address. 

S. M. Moniruzzaman, Deputy Governor of Bangladesh Bank was present in the seminar as the chief guest. SA Chowdhury, Former Managing Director of Sonali Bank; Helal Ahmed Chowdhury,Supernumerary Professor of BIBM; Md. Yasin Ali, Supernumerary Professor of BIBM;  Md. Ali Hossain Prodhania, Managing Director of  Bangladesh Krishi Bank; Dr.Mahmood Osman Imam, Professor of Dhaka University spoke among others.

 According to the study, growth of NSD borrowing increased the share of NSD debt from 37 percent of the total national budget in FY13 to 59.76 per cent of the national budget in FY18, though net sale of NSCs declined in the last concluding FY. 

S. M. Moniruzzaman said, multiple saving instruments, family savings certificate, 3-monthy profit bearing saving certificate, 5-year Bangladesh saving certificate, pensioner saving certificate and post office fixed deposit account instruments are the mostly sold saving certificates.

He also said, family saving certificate is the most popular NSC, followed by 3-monthly profit bearing NSC. In 2018, total outstanding stock of all saving certificates stood at Tk. 2,39,209.39 crore. The amount of outstanding sales of saving certificates is increasing, being compound annual growth rate at 16 per cent during the period 2010-2018, supported by a speedy growth in FY2014-2017 with a decrease in net sales in FY2018.

BIBM chair professor and former Dhaka University professor Barkat-e-Khuda said,  policy makers, bankers and academicians will use findings of the paper in their future policy formation. 

Members of the Institute

  • Bangladesh Bank
  • Sonali Bank Limited
  • Janata Bank Limited
  • Agrani Bank Limited
  • Rupali Bank Limited
  • Pubali Bank Limited
  • Uttara Bank Limited
  • Bangladesh Krishi Bank
  • Bangladesh Development Bank Limited
  • AB Bank Limited
  • National Bank Limited
  • Eastern Bank Limited
  • United Commercial Bank Limited
  • Islami Bank Bangladesh Limited
  • IFIC Bank Limited
  • Rajshahi Krishi Unnayan Bank
  • Standard Chartered Bank
  • Dutch-Bangla Bank Limited
  • Mercantile Bank Limited
  • ONE Bank Limited
  • Al-Arafah Islami Bank Limited
  • National Credit and Commerce Bank Limited
  • Trust Bank Limited
  • Southeast Bank Limited
  • Social Islami Bank Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • Standard Bank Limited
  • Export Import Bank of Bangladesh Limited
  • Mutual Trust Bank Limited
  • BASIC Bank Limited
  • Jamuna Bank Limited
  • Bank Asia Limited
  • First Security Islami Bank Limited
  • The City Bank Limited
  • Prime Bank Limited
  • Dhaka Bank Limited
  • Investment Corporation of Bangladesh
  • Bangladesh Commerce Bank Limited
  • BRAC Bank Limited
  • The Premier Bank Limited
  • Shahjalal Islami Bank Limited
  • State Bank of India
  • Habib Bank Limited
  • Commercial Bank of Ceylon PLC
  • Bank Alfalah Limited
  • Citibank, N.A.
  • National Bank of Pakistan
  • South Bangla Agriculture and Commerce  Bank Limited
  • Meghna Bank Limited
  • Woori Bank
  • NRB Commercial Bank Limited
  • Union Bank Limited
  • The Farmers Bank Limited
  • NRB Bank Limited
  • Shimanto Bank Limited
  • Bangladesh House Building Finance Corporation
  • Non Member NBFI