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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.

WSBI

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
Cross-regional Groups

Participation of NSI in international events

2013

• Ministry 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

2014

• An Indian 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.

2015

• 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.

2016 - 2017

• Asia Pacific Regional Group Meeting and Asia Pacific Forum on Financial Inclusion was held in Tokyo, Japan during 6-8th April, 2016. Sh. Prashant Goyal, Joint Secretary (Budget), Ministry of Finance and Sh. A.K.Chauhan, Joint Director & HOD, National Savings Institute attended the meeting.
• General Assembly meeting of World Savings Bank Institute was held at Bangkok during June, 2016 which was attended by Sh. Padam Singh, Regional Director, NSI and General Assembly meeting of WSBI for the year 2017-2018 was held at Cape Town (South Africa) during November, 2017. Sh. A.K.Chauhan, Joint Director & HOD, NSI and Sh. Sudhir Rekhan, SO, Ministry of Finance attended the meeting. Contribution of National Savings Schemes in India is achieving Universal Financial Access Goals committed by WSBI (400 Million Savings Accounts by 2020) and its members were appreciated.

2018

• Savings and retail banks will serve clients from all layers of society with traditional branch networks complemented by clever use of digital technology.
• Savings and retail banks will continue efforts to open and maintain accessible, sustainable and affordable bank accounts outside of or within the association’s previously stated UFA 2020 goats framework.
• Savings and retail banks will maintain their focus on financing SMEs, the main engine of jobs and wealth creation in their communities.
• Savings and retail banks will widen financial inclusion by offering affordable products adapted to the specific needs of people, especially the unbanked and under banked.
• Savings and retail banks will continue investing financial and logistic resources into financial education, for a pathway to financial inclusion and to a sustainable economy.