Evaluation of products or services offered by non-banking financial institutions by following guidelines given by department of financial institutions and markets

Abstract

As part of my BBA program, the internship report is prepared based on the experience I got during my entire 3 months journey at the department of Financial Institutions & Markets, in Bangladesh Bank, Head Office. As a central bank, the responsibilities of this organization is beyond the sky. The DFIM department is mainly focus on regulate and supervise Non-Banking Financial Institutions and make guidelines, policy, circulars & letters for them. By working at my department I came to know how the NBFI behaved by following guidelines of DFIM. Today NBFIs have added a new dimensions in the financial sector by giving its financial products & services towards their customers. All NBFIs are playing a vital role for the growth of the country’s economy by giving their best performance. My department mainly focus & supervise all NBFIs in Bangladesh. As it is a broad sector and so I have decided to work on a specific direction which is products & services offered by NBFI towards their customer by maintaining guidelines given by my department. What kinds of products & services NBFI offered, how NBFIs design their products, how they measuring the risks on products and how they control it, what are those guidelines NBFIs follow when promoting new products. NBFIs can adopt a variety of actions to address issues. They will be able to discover alternate funding sources. Then they may profit from the stock market by engaging in trading activities. They might also widen their horizons by bringing new goods and services to market. NBFIs in Bangladesh may make a significant contribution if they are given adequate funding and infrastructure and follow economic standards according to Department of Financial Institution & Markets.