Operations of Credit Administration Department (CAD) of IDLC Finance Limited

Abstract

IDLC is one of the leading non banking financial institutions in the country. The non-bank financial institutions (NBFIs) constitute a rapidly growing segment of the financial system in Bangladesh. The NBFIs have been contributing toward increasing both the quality and quantity of financial services and thus mitigating the lapses of existing financial intermediation to meet the growing needs of different types of investment in the country. IDLC Finance Limited started its operation in 1985 and it is the pioneer financial institution in Bangladesh. IDLC Finance Limited has different kinds of products and services. IDLC is financing in different sectors through their products and services. IDLC Finance Limited is a mother company. It has two separated subsidiaries and they are IDLC Investments Limited and IDLC Securities Limited. I have done my internship in IDLC Finance Limited in Credit Administration Department in Corporate Head Office. Being an intern in the Credit Administration department, I got the opportunity to see how the Credit Administration works. Details of all those will be discussed on this paper. I hope that my report would give a thorough insight to all these responsibilities carried out during my tenure as an intern. With limited access to data due to confidentiality, I have tried to provide as much information as were possible about the works involving Credit Administration in IDLC Finance Limited.