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National Savings Institute under Ministry of Finance, Govt. of India, is an active Member of the World Savings Banks Institute, Brussels, since 1970. India has been elected as President of the World Savings Banks Institute - Asia Pacific Regional Group in 2003. NSI had conducted training program for Sr. Executives of Mangolian Savings Bank in the field of Micro Finance and NSI Conducted training program for Vietnam Postal Savings Bank Company (VPSBC) in the field of mobilisation of resources in April'2006.
World Savings Banks Institute is an (international) apex body representing savings banks, savings bank organisations and socially committed retail banks from all over the world. The World Savings Banks Institute was earlier known as International Savings Banks Institute with Hqrs at Geneva, Switzerland. After its re-location from Geneva, to Brussels in 1994, the WSBI operates together with the European Savings Banks Group (ESBG) under a common structure, the WSBI-ESBG Joint Office. the WSBI totals 108 members from 91 countries (32 members from Africa, 17 from Asia Pacific, 37 from Europe and 22 from America) with assets of 6400 billion & deposits of 4600 billion, loans of 390 billion, 1,100 savings banks, 200,000 branches and 2.4 million employees.
The basic objective of WSBI is to influence various savings banks and financial institutions, which are the Members of WSBI so that they are perceived both domestically and internationally as integral to the financial community and operate as proficient, efficient banking institutions, actively cooperating with other WSBI members in business opportunities.
There are 5 Regional Groups of WSBI :
The African Regional Group
The Asia-Pacific Regional Group
The Europe Regional Group
The Latin America Regional Group
Participation of NSI in international
of Finance, Govt. of India had deputed Shri Deepak Verma, Jt. Director, Delhi
to participate in the 19th Meeting of the WSBI Asia Pacific Regional
Group held during 30-31 May, 2013, at Kuala Lumpur, Malaysia. The theme of the event was “Facing a rapidly evolving banking
environment”. During the event he had given a presentation
on “An overview of financial literacy and financial inclusion in India”.
An Indian delegation led by Dr. Rajat Bhargava,
IAS, Joint Secretary (Budget) Ministry of Finance, & Shri A.K. Chauhan, Jt.
Director & HOD, participated in the 20th Meeting of the WSBI
General Assembly , 16th WSBI Board of Directors meeting held during
13-14 June, 2013 at Berlin, Germany.
An Indian delegation consisting of Dr. Rajat
Bhargava, IAS, Joint Secretary, Ministry of Finance, Govt. of india and Shri
A.K. Chauhan, Joint Director & Head of Deptt., National Savings Institute
was deputed by Ministry of finance, Govt. of India, to participate in World
savings Banks Institute International Summer Forum 2013 event, held during
18-20 September, 2013 at Volterra, Italy.
The focus of the event was on importance of financial services in
spurring global economic growth, how are financial services and retail banking
business in particular, impacted by the weakness of the global economy,
institutional reforms etc.
National Savings Institute, Ministry of Finance,
had organized 2nd National Workshop on Voluntary Savings : Linking
SHGs, Federations and other collectives with National Savings Schemes, in
collaboration with United Nations Development Programme Solutions Exchange,
followed by celebration of National-level World Thrift Day, on 30th
October 2013 at New Delhi. The event was
inaugurated by Dr. Rajat Bhargav, Joint Secretary (Budget), Ministry of
Finance, Govt. of india
delegation comprising of Shri R.K. Thakur, Under Secretary, Ministry of
Finance, Govt. of India and Shri Jameel Asghar, Regional Director, National
Savings Institute (HQ) participated in the 20th WSBI Asia Pacific
Regional Conference held during 21- 23 May, 2014 in Hanoi, Vitenam. The theme of the event was ‘Turning Financial
Inclusion Challenge into Business Opportunities. Shri Jameel Asghar gave a presentation on the
role of NSI in spreading the message of financial education/literacy through
outreach programmes for financial inclusion for the population residing in
rural and semi-urban areas. 60 delegates
from Member countries of WSBI participated in the event.
Ministry of Finance, Govt. of India had
nominated Shri A.K. Chauhan, Joint Director & Head of Deptt., National
Savings Institute for attending the 21st WSBI General Assembly,
other statutory meetings and related workshops, held during 3-4 July, 2014 at
San Salvador, El Salvador. The meeting
was attended by 50 delegates from Member
countries of WSBI and WSBI HQrs. Shri
A.K. Chauhan presented Country report and highlighted on NSI’s experiences in
the field of mobilization of domestic savings in the Indian perspective.
An Indian delegation consisting of Shri Pankaj
Sharma, Director (Budget), Ministry of Finance, Govt. of India and Shri A.K.
Chauhan, Jt. Director & Head of Deptt. participated in the 20th
WSBI Board of Directors Meeting held during 16-17 April, 2015 at Istambul, Turkey. Delegates from Member countries of WSBI i.e.
Albania, Austria, Columbia, El Salvador, Germany, India, Indonesia, Luxembourg,
Madagascar, Mexico, Morocco, Norway, Portugal, Senegal, Spain, Sri Lanka,
Turkey, Uganda and WSBI HQrs participated in the event.
Ministry of Finance, Govt. of India and National
Savings Institute had organized the Cross Regional Conference, 2014 WSBI Postal
Savings Banks Forum and World Savings (Thrift) Day in collaboration with World
Savings & Retail Banks Institute, Deptt. of Posts, Ministry of
Communications & Information Technology, Govt. of India, during 28 – 30 October, 2014, at New
Delhi. The theme of the conference was
“Increasing the financial outreach of the youth population”. During the Postal Savings Banks Forum
deliberations were held on ‘The rising force of postal banking in the retail
banking market’. Synchronising the 90th
Anniversary of World Savings Day being celebrated all over the globe by World
Savings Banks & Retail Savings Institute & its Member countries, WSBI
HQrs selected India, as one of its oldest Members. Delegates from Member countries of WSBI and
WSBI HQrs Brussels, participated in the said event.
Ministry of Finance, Govt. of India had deputed
Shri A.K. Chauhan, Joint Director & Head of Deptt., National Savings
Institute, to participate in WSBI General Assembly, Board of Directors Meeting
and 24th World Congress held during 23-25 October, 2015 at
Washington DC, USA. A workshop was held
on ‘Making small scale savings work for everyone in a digitized world”. During the Board meeting, it was approved
that Ministry of Finance (NSI), India would continue as Board Member of WSBI
from Asia Pacific Region, for the next 3 years. The theme of the World Congress was “Main
street banking in a digitized world”.
Shri A.K. Chauhan addressed the Congress with reference to the
developments in the field of digital banking, in India and gave brief outlines
of digital operations of banking services in mention, with a mention of Govt.
Savings Bank and Post Office Savings Bank operations.