Improving Deposit Mobilization Policies in Commercial Banks

Second-year student of Karshi State Technical University, Eshmurodova Sevinch

Abstract: This article examines the role and importance of deposit
mobilization policies in commercial banks and their impact on
financial stability and economic development. In modern banking
systems, deposits are the primary source of funds used for lending and investment activities. Therefore, effective deposit mobilization is
crucial for ensuring liquidity, profitability, and sustainability of
banks. The study analyzes the current trends in deposit collection,
the challenges faced by commercial banks, and the strategies that can be used to improve depositor confidence and attract long-term savings.

Special attention is given to the relevance of digital banking,
interest rate policies, and customer-oriented services in
strengthening deposit growth. The article also proposes policy
recommendations to enhance deposit mobilization in developing banking systems.

Keywords: Deposit mobilization, commercial banks, savings, financial
stability, banking policy, customer trust, digital banking

Introduction

Deposits play a fundamental role in the functioning of commercial
banks. They represent the main source of financial resources that
banks use to provide loans, make investments, and support economic activity. A stable and growing deposit base enables banks to maintain liquidity, manage risks, and expand their operations. In many developing economies, strengthening deposit mobilization has become one of the key objectives of banking sector reforms.

In recent years, financial markets have become more competitive and technologically advanced. Customers now have more choices and higher expectations regarding the quality, speed, and safety of banking services. As a result, commercial banks must continuously improve their deposit mobilization policies to attract and retain customers.

This includes offering attractive interest rates, reliable digital
platforms, and customer-friendly services.

The purpose of this article is to analyze how commercial banks can
improve their deposit mobilization policies in order to enhance
financial stability and support economic growth.

Main Body

       1. The Economic Role of Bank Deposits

Bank deposits are essential for the efficient functioning of the
financial system. They provide banks with low-cost and relatively
stable funding, which is used to finance households, businesses, and
government projects. A strong deposit base allows banks to reduce
their dependence on external borrowing and minimize liquidity risks.

From a macroeconomic perspective, deposits help channel idle savings into productive investments. When individuals and firms deposit their money in banks, these funds become available for lending and contribute to economic development. Therefore, increasing the volume and stability of deposits is not only important for banks but also for the overall economy.

2. Factors Affecting Deposit Mobilization

Several factors influence the ability of commercial banks to attract
deposits. One of the most important factors is trust. Depositors must
feel confident that their money is safe and easily accessible.
Political stability, sound regulation, and effective supervision all
contribute to building this trust.

Interest rates also play a significant role. Higher deposit rates
encourage people to save more, while lower rates may lead them to seek alternative investment options. In addition, service quality, branch networks, and digital banking platforms influence customers’ decisions to choose a particular bank.

3. The Role of Digital Banking in Deposit Growth

Digital banking has become a powerful tool for deposit mobilization.
Online and mobile banking services make it easier for customers to
open accounts, transfer funds, and manage their savings. This
convenience increases customer satisfaction and encourages people to keep more money in the banking system.

Furthermore, digital platforms allow banks to reach a wider
population, including young people and residents of remote areas. By
offering innovative digital products such as mobile wallets and online
savings accounts, banks can attract new depositors and strengthen
financial inclusion.

4. Challenges in Deposit Mobilization

Despite its importance, deposit mobilization faces several challenges. Inflation, low income levels, and economic uncertainty can reduce people’s willingness to save. In addition, competition from non-bank financial institutions and informal savings channels may divert funds away from the banking system.

Another challenge is the lack of financial literacy. Many individuals
do not fully understand the benefits of saving in banks or are
unfamiliar with available financial products. This limits the growth
of deposits and reduces the effectiveness of banking policies.

5. Strategies for Improving Deposit Mobilization

To improve deposit mobilization, commercial banks should focus on
building customer trust, enhancing service quality, and promoting
financial literacy. Offering transparent terms, reliable customer
support, and secure digital platforms can significantly increase
depositor confidence.

Banks should also design diverse savings products tailored to
different customer needs, such as long-term deposits, youth savings
accounts, and flexible withdrawal options. In addition, cooperation
with government and educational institutions can help raise awareness about the importance of saving and using formal financial services.

Conclusion

Improving deposit mobilization policies is a critical task for
commercial banks in today’s competitive and dynamic financial
environment. A strong and stable deposit base enhances bank liquidity, reduces risks, and supports economic growth. By adopting modern technologies, customer-oriented strategies, and effective regulatory frameworks, banks can attract more deposits and contribute to the development of a resilient financial system.

In the long run, successful deposit mobilization will not only
strengthen individual banks but also promote financial stability and
sustainable economic development.

References

1. Mishkin, F. S. The Economics of Money, Banking and Financial Markets.

2. Gorton, G. Banking and Financial Intermediation.

3. World Bank Reports on Financial Sector Development.

4. International Monetary Fund (IMF) publications on banking stability.

5. Academic articles on deposit mobilization and banking performance.

Shahnoza Pulatova Makhmudjanovna

International Islamic Academy of Uzbekistan

Faculty of Classical Oriental Philology

Department of Philology (Arabic Language)

4th-year student

Academic supervisor: Raziya Matibayeva 

Associate professor, Ph.D. in Philology

Department of Arabic Language and Literature

Uzbekistan International Islamic academy

NEW UZBEKISTAN: POLITICAL, ECONOMIC, AND SOCIAL REFORMS

Uzbekistan, located in Central Asia, has emerged as a key player in the region following its independence from the Soviet Union in 1991. Since President Shavkat Mirziyoyev came to power in 2016, the country has entered a new era of reform, known as the “New Uzbekistan”. This period is characterized by significant political, economic, and social transformations aimed at modernizing the country and improving the lives of its citizens. The following sections discuss these transformations in detail, offering an overview of the key reforms that have taken place under Mirziyoyev’s leadership.

I. Political reforms and governance

The government of New Uzbekistan has prioritized political reforms to enhance transparency, decentralize power, and improve governance. Key changes include:

Decentralization of power: Mirziyoyev’s administration has shifted from a highly centralized government to a more decentralized system, empowering local authorities and giving them greater control over decision-making processes. This decentralization aims to improve accountability and bring governance closer to the people.

Judicial Reforms: Uzbekistan has undertaken significant reforms to strengthen the judiciary’s independence and improve the rule of law. These reforms include updating laws, creating specialized courts, and establishing greater protections for citizens’ rights.

Human rights and freedom of expression: The government has made efforts to improve human rights, releasing political prisoners and relaxing restrictions on freedom of speech, assembly, and the media. Although challenges remain, these steps mark a positive shift toward greater political openness.

II. Economic liberalization and development

Economic reforms have been a cornerstone of Uzbekistan’s transformation. The country has moved from a state-controlled economy to a more market-oriented model. Key aspects of this economic transition include:

Economic liberalization: The Mirziyoyev government has implemented various economic reforms, such as liberalizing foreign exchange controls, reducing state subsidies, and privatizing state-owned enterprises. These measures have encouraged foreign investment, spurred economic growth, and improved Uzbekistan’s competitiveness in global markets.

Industrial and agricultural modernization: The government has focused on modernizing key sectors, including agriculture, where reforms have been introduced to reduce dependence on state quotas, particularly in cotton production. In industry, there has been investment in infrastructure, energy, and manufacturing, which has laid the groundwork for future economic growth.

Foreign investment and global integration: Uzbekistan has become more attractive to foreign investors due to improvements in the regulatory environment and the simplification of bureaucratic procedures. The country has also worked to integrate more fully into the global economy by enhancing trade relations with neighboring countries and beyond, while diversifying its economy into sectors such as technology, tourism, and renewable energy.

III. Social policies and welfare

Social welfare reforms have been a central focus of the New Uzbekistan agenda, with a commitment to improving the standard of living for citizens. Key initiatives include:

Education reform: The government has worked to improve Uzbekistan’s education system, focusing on modernizing curricula, training teachers, and expanding access to quality education. Special attention has been given to STEM education to prepare the next generation for a modern, competitive economy.

Healthcare improvement: Healthcare reforms have focused on expanding access to medical services, especially in rural areas. Investments in infrastructure and personnel training have aimed to improve the overall quality of healthcare and address health challenges such as diabetes and tuberculosis.

Social welfare programs: Poverty reduction remains a key priority, with social welfare programs targeting vulnerable groups, such as children, the elderly, and low-income families. These programs have helped reduce poverty levels and improve the overall quality of life.

IV. Foreign policy and regional relations

Uzbekistan’s foreign policy has undergone a shift toward greater engagement with both its regional neighbors and the international community. Key aspects of this foreign policy include:

Regional cooperation in Central Asia: One of Uzbekistan’s primary foreign policy goals has been to improve relations with its Central Asian neighbors, including Kazakhstan, Kyrgyzstan, and Tajikistan. This has involved resolving long-standing border disputes, enhancing economic cooperation, and promoting regional security.

Diversifying global relations: The country has worked to strengthen ties with major global powers, including Russia, China, and the United States. Uzbekistan’s efforts to balance relationships with both Western and regional powers reflect a pragmatic approach to foreign diplomacy.

Active participation in international organizations: Uzbekistan has become more active in international organizations such as the United Nations, the World Trade Organization, and the Shanghai Cooperation Organization. This reflects the country’s desire to enhance its role in global affairs and contribute to international peace and stability.

Conclusion: 

The New Uzbekistan marks an era of profound transformation, driven by ambitious reforms across political, economic, and social spheres. Under the leadership of Shavkat Mirziyoyev, the country has made remarkable strides, particularly in modernizing the political system, enhancing economic development, and improving social welfare for its citizens. These reforms have already begun to reshape Uzbekistan’s global standing, fostering stronger ties with international partners and enhancing the country’s integration into the global economy.

However, challenges still persist, especially in fully liberalizing the political landscape and diversifying the economy away from reliance on natural resources. Despite these challenges, the ongoing reforms reflect Uzbekistan’s unwavering commitment to modernization and long-term stability. The vision of a New Uzbekistan — a nation characterized by sustainable growth, political pluralism, and social well-being — remains within reach, and with continued dedication to these reforms, the country is well-positioned to build a brighter future for its people.

The Country Inside My Grandfather’s Stomach

One of the books I have read so far, and one that I enjoyed the most,
is The Country Inside My Grandfather’s Stomach, written by the beloved children’s author Qobiljon Shermatov.

The main characters of the story are Bahodir, Baxtiyor, Mahmud Bobo, Oftob Payvasta, Nursalom Hoji, Shabadaliyev Sharof, the ruler Sfan, Abdurahmon Bobo, Qalandar Toga, and others.

The story begins when Bahodir and his closest friend Baxtiyor return
home thirsty after playing football and accidentally drink a shrinking
potion created by Bahodir’s elder brother, Olim. As a result, they
become smaller than a flea and find themselves inside their
grandfather’s body—more precisely, in the country within their
grandfather’s stomach.

This country is extraordinarily pure, beautiful, and radiant. Anyone
who enters it cannot help but fall in love with it. Its people are
honest, faithful, intelligent, fair, and truthful, and everyone
strives to become a scholar. Instead of water, delicious juices flow
through the rivers. As people begin to read, they grow younger, and
light starts to shine from their homes.

Bahodir and Baxtiyor, who previously did not enjoy studying very much, witness many things in this land that do not exist in our world. They experience wonderful adventures and show great courage. For their bravery, they are awarded the “Golden Star” by the city governor, Oftob Payvasta. They come to love learning wholeheartedly, take a growth potion, return to the real world, and after many events, firmly decide to become scholars. They also wish to return once again to their grandfather’s country.

However, this time, by coincidence, they do not enter their
grandfather’s country but instead find themselves inside Shabadaliyev Sharof, a greedy accountant who fears no injustice and has made his desires the master of his heart. The country inside him is completely different from Mahmud Bobo’s land. There is no sun, the people are extremely selfish and miserly, and everyone thinks only of themselves.

This land is ruled by the greedy ruler Sfan, who represents human
desire and lust.

Determined to become scholars, the protagonists meet Nursalom Hoji and continue their journey of learning. They gain extensive experience, study diligently, and strive to lead the people out of ignorance toward goodness. During one research journey, Bahodir ends up in the land of the “People of Prayer.” Together with the faithful, radiant, and kind people of that land, they fight against the ruler Sfan and defeat him. After seven years, they finally return to their homes and achieve their goals and dreams.

Conclusion

What does this work offer today’s readers? This story encourages every reader—young or old—to think deeply. It teaches us to be pure-hearted like Mahmud Bobo and warns us never to allow “Ruler Sfan,” that is, our own selfish desires, to rule our hearts. The story reminds us to seek knowledge constantly, to stand among good people, and to do good deeds.

Dear reader, as the saying goes, “Seeing once is better than hearing a thousand times.” Therefore, read this book, understand it deeply, and draw your own valuable conclusions. And never grow tired of seeking knowledge.

Termez State Pedagogical Institute

Faculty of Preschool Education

Student of Group 104

AMIRQULOVA GULSEVAR 

Innovations in Education, Digital Transformation, and Pedagogical Technologies

ABSTRACT

In recent years, a large number of reforms have been implemented in our country, especially in the field of education. As a result of these reforms, modern teaching methods, digital transformation, and innovative pedagogical technologies have been introduced in all educational institutions, including vocational schools, general secondary and specialized secondary education institutions, as well as higher education institutions. Regardless of the type of education system, the state has created numerous favorable conditions for young people.

This article examines the essence, advantages, and disadvantages of the digital transformation process in education.

Keywords:

education system, innovation, digital transformation, innovative technologies, socio-pedagogical knowledge, educational innovations, educational process, effective organization of the learning process.

The education system plays a crucial role in the development of society. In the 21st century, digital technologies and innovations have brought education to a new level. Digital transformation refers to the introduction of digital technologies in all aspects of the education system and their effective application in the teaching and learning process. The impact of digital transformation on the education system leads to new forms of learning and teaching activities for both students and teachers.

Digital transformation is a process of fundamental reform of all sectors, including education, through the use of modern information and communication technologies (ICT). Uzbekistan is also one of the rapidly developing countries in this direction, where the widespread implementation of innovative technologies in education has become a priority of the national development strategy. The Presidential Resolution No. PQ-118 dated February 28, 2022, specifically emphasizes the development of the digital economy and the extensive use of ICT in all sectors, particularly in education. This has created a legal and institutional foundation for improving the quality of education in Uzbekistan based on modern technologies.

In the field of education, digital transformation involves the implementation of modern ICT at all stages of the educational process and the integration of traditional teaching methods with innovative technologies. This transformation contributes to improving the quality of education and developing students’ independent thinking, creative approaches, and problem-solving skills.

Digital transformation primarily simplifies the learning process and makes it more convenient, interactive, and learner-centered. For example, Learning Management System (LMS) platforms are used to deliver educational materials, monitor assignments, and conduct assessments through automated systems. This not only saves teachers’ time but also enables analytical monitoring of students’ learning activities.

Let us consider the advantages and challenges of digital transformation.

Advantages:

Access to education anytime and anywhere.

Opportunities for individualized learning.

Effective assessment and analysis.

Diversity of educational resources.

Challenges:

Uneven development of internet infrastructure.

Low level of digital literacy among teachers.

Reduction of face-to-face communication among students.

High cost of digital technologies.

Digital transformation in education also expands opportunities for open educational resources, online courses, and distance learning. Regardless of geographical or social barriers, students gain access to high-quality educational resources from anywhere in the world. This contributes to the democratization and inclusiveness of education.

However, digital transformation also presents certain challenges. These include insufficient internet infrastructure in some regions, limited professional capacity in the use of digital technologies, and inadequate ICT training among teachers. In addition, excessive reliance on digital tools may lead to decreased student concentration and a lack of real interpersonal communication, which can have negative consequences.

Digital transformation not only improves the quality of education but also enhances the intellectual potential of society as a whole.

Educational innovations refer to a set of forms, methods, and technologies applied to solve existing problems in the education sector or learning process through new approaches, ensuring significantly more effective results. Educational innovations are also referred to as innovative education. The concept of innovative education was first introduced in 1979 at the Club of Rome. Educational innovations can be classified as follows:

According to the field of activity: innovations applied in the pedagogical process and in the management of the education system.

According to the nature of changes introduced: radical, modified, and combined innovations.

According to the scale of changes: sectoral, modular, and system-level innovations.

According to the source of origin: innovations created or adopted directly by a collective.

The key difference between innovation and ordinary novelty is that innovation must have a flexible mechanism that allows for management and control. When discussing innovative pedagogical technologies, it is essential to consider the concept of pedagogical technology. The term “pedagogical technology” entered scientific use in 1872 in connection with technological progress and originates from the Greek words techne (art, skill, craft) and logos (science), meaning “the science of skill.”

Pedagogical technology represents the strategy for implementing information technologies and is based on knowledge related to the functional system laws of the “educational environment – learner.” The structure of pedagogical technology includes a conceptual foundation, the content of the educational process, and the technological process. Each pedagogical technology is based on a specific scientific concept. Its scientific concept encompasses philosophical, psychological, socio-pedagogical, and didactic foundations aimed at achieving educational goals.

The content of the educational process consists of general and specific objectives and the content of learning materials. The technological process includes the organization of the learning process, the activities of the teacher and students, methods of managing the educational process, and learning diagnostics.

Pedagogical technology is a field of knowledge in which values such as freedom of thought, loyalty, humanism, and patriotism are cultivated in both teachers and students. In modernized education, contemporary lessons are essential to consistently and comprehensively develop students’ knowledge and potential.

At the same time, extensive efforts are being made in our country to apply pedagogical and information technologies in the educational process. The scientific and theoretical foundations of this issue, as well as the specific features of each pedagogical technology, have been developed, and sufficient practical experience has been accumulated. Foreign organizations also provide close support in implementing pedagogical and information technologies in education.

In G.K. Selevko’s textbook “Modern Educational Technologies,” various technologies used in the educational process are compiled, along with their scientific-theoretical and methodological foundations, classification, and mechanisms for practical application.

References

Karimov, I.A. High Spirituality Is an Invincible Force. Tashkent: Ma’naviyat, 2008, 176 p.

Decree of the President of the Republic of Uzbekistan “Digital Uzbekistan – 2030” Strategy and Resolution No. PQ-4883 dated October 5, 2020, on its implementation.

Abdullayeva, M., Komilov, F. Information and Communication Technologies. Tashkent: Science and Technology, 2021, 200 p.

Anarbayeva, F.U., Abdullayeva, M.V. Digital Transformation of the Higher Education System in the Context of the Digital Economy. The Journal of Economics, Finance and Innovation, 2023.

Mental Arithmetic — A Compass Guiding Toward the Future

Choosing the right path in life is essential. Some people lose their way, while others find the right direction early. This difference often lies not in knowledge, but in the ability to think. At this very point, mental arithmetic serves not merely as an academic subject, but as a guiding compass.

Mental arithmetic is the gym of the brain. Just as the human body becomes weak without exercise, the brain also slows down without training. Traditional mathematics usually focuses on the final result, whereas mental arithmetic emphasizes the process. A child thinks about how a problem is solved, visualizes it, and uses both hemispheres of the brain simultaneously. This provides a great advantage not only in mathematics, but also in reading, writing, and everyday life.

Mental arithmetic is not an internal calculator — it is internal confidence. Many parents choose mental arithmetic for the purpose of fast calculation. However, its greatest achievement is increasing a child’s self-confidence. In today’s fast-paced world, knowledge alone is not enough. A person must adapt quickly, make decisions swiftly, and think independently. This subject is like a solid foundation laid for a child’s future. A child who practices mental arithmetic today goes to the board without fear. They do not think about the wrong answer, but about possibilities.

I, Lazokat Pirmatova, entered this field in 2023 by studying at the “IqroKids” Educational Center, and in the same year, I began offering courses myself. I started with only four students, gradually teaching more children, and today I teach mental arithmetic to over 100 students. My students regularly participate in national competitions and proudly win first, second, and third places.

My goal is to raise a generation that thinks. This is not just about giving children knowledge, but about teaching them how to think. In today’s fast and complex world, success does not come from memorized formulas, but from the ability to make independent decisions. In 2024, five of my students earned the opportunity to participate in the Dubai International Olympiad.

I want to see a generation shaped by education that develops personality and character. I did not choose mental arithmetic by chance. I have seen fear of mathematics in the eyes of many children. This fear does not come from numbers, but from inner doubt — the belief of “I can’t do it.” My mission is to free them from that inner insecurity.

In conclusion, my aim is to light a spark in children’s lives through numbers. This light illuminates their path, strengthens their confidence, and encourages them to step boldly into the future. Because true education does not begin with transferring knowledge, but with helping a person believe in themselves. For me, mental arithmetic is not just a field of education — it is a future built on confidence.

Lazokat Ortigaliyevna Pirmatova is a fourth-year student in the Preschool Education program at the Faculty of Pedagogy and Psychology of Kokand State University.

English poetic adaptation (song-style):
I carry all my sorrow in my heart,
I take my longing everywhere I go.
When I hear your voice, my soul still shakes,
Please don’t cry from missing me, my mom.
If I hide my love deep down inside,
If I fail to say how much I care,
Please don’t say, “My child has me forgot,”
Please don’t cry from longing, mom, my dear.
If I spread my pain before your eyes,
I know your heart could never bear it all.
That is why I keep it locked inside,
Please don’t cry for me at all, my mom.
For me you gave up everything you had,
Knowing this, my conscience won’t stay still.
Far away, I carry all your pride,
Please don’t think of me so much, my mom.
Think of yourself, at least just once or two,
Your whole life’s been “my child” night and day.
I know I am the heartbeat in your chest,
But please, just once, think of yourself… my mom.

Nigora Nurullayeva has actively participated in numerous competitions, contests, projects, and webinars to date. She is the proud recipient of multiple local and international certificates, reflecting her dedication, initiative, and commitment to continuous learning. I often write some poems and stories.

A Beautiful Memory

Perhaps one day you’ll come to stand beside me,

Ask how I am, look sadly into my eyes.

I do not know what state I’ll be in then,

I’ll face you silently, with quiet sighs.

Before my eyes those looks will pass once more,

The breath of spring, the playful drifting breeze,

The first sweet words of love we spoke before—

All, all will call me back to memories.

Now do not let my heart burn anymore,

For everything is buried in the past.

That innocent, secret love of yours

Lives only in the letters that will last.

I stand beside you, staring on in wonder,

No strength to speak, no chance to say a word.

What could I say, what would I even utter?

I ask of you, as troubled and disturbed.

With a faint smile you say, “I’m doing fine,”

And know, for me that answer is enough.

Though days and months and even years may pass,

You’ll live within my heart, deep and tough.

I know we have so many things to say,

Yet still our tongues refuse to break the air.

Do not torment your heart, please, anyway—

Our paths were meant to part by fate’s affair.

Now comes the time to say our last goodbye,

We slowly walk in opposite directions.

And deep inside, from distant spaces, I

Whisper: secret love survives separations.