Loan process comparison of Banks and Financial Institutions

Abstract

IDLC Finance limited one of renowned non-banking financial institution in Bangladesh. It started its operation at 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 with Corporate Division to achieve targets with a minimal risk. This report aims to try and provide a comparison for the loan procedures between Banking and Non-Banking Financial Institutions (NBFI). IDLC finance has been chosen to depict the model of the NBFI while BRAC Bank and Standard Chartered have been chosen for model of Bank.