Build trust among people, industries minister to NBFIs

Non-bank financial institutions (NBFIs) should build trust among people since the confidence of many savers has received a blow after they lost money owing to irregularities, Industries Minister Nurul Majid Mahmud Humayun said today.

He also urged the managing directors and chief executive officers of the NBFIs to play their due role to regain the trust of people.

"Besides, NBFIs will have to play a major role in creating new entrepreneurs," Humayun said while opening the "NBFIs Songjog-2023" at a hotel in the capital.

The Bangladesh Leasing and Finance Companies Association (BLFCA) and financial daily Bonik Barta jointly organised the day-long event.

"We are now facing financial pressure. So, the government is taking austerity measures. Everyone should be aware so that ill-motivated businessmen can't get loans," the minister said.

BLFCA Chairman Md Golam Sarwar Bhuiyan highlighted the role of NBFIs in the country's businesses and economy.