Dhaka, March 16 -- Non-bank financial institutions (NBFIs) see a ray of hope for the industry's much-needed rebound with increased deposits in the second quarter (Q2) of this financial year.

Not only did the deposits increase but the loans and advances distributed by them also saw a 2.61-percent increase in the October-December period of FY25 from the previous quarter, the latest data shows.

This positive sign in the financial services sector comes at a time when it is struggling to remain competitive on the money market due to fragile confidence mostly stemming from growing non-performing loan (NPL) buildups and cash withdrawals by institutional depositors.

According to the latest statistics released by the Bangladesh Bank (BB) on Sun...