Descriptive analysis of consumer division and credit risk management of IDLC Finance Limited

Abstract

This internship report was made to give a brief picture of the Consumer Division and Credit Risk Management of IDLC Finance Limited. IDLC Finance Limited is one of the most successful financial institutions of Bangladesh right now. It was a great opportunity for me to work in this amazing corporate work environment. The report starts with an overview of IDLC, its’ history and description of different departments of their operations. Among all their divisions the Consumer Division started as one of the preliminary divisions and now this has become the most profitable divisions with number of branches, skilled and talented employees. In my internship period I have got the opportunity to work with the Credit Risk Management-Consumer Division in short CRM-CD. My core responsibility was to sending and receiving the Customer Point Verification forms. These verifications are required for sanction and disburse a loan of a client. This report will give a short picture of how Credit Risk Department approves a credit to a client and also will focus on the credit default part. This means how IDLC approves a credit to a client and how they manage their credit risk when there is a case of credit default both are discussed in this report. Observing different information, facts about IDLC and from my internship experience, this repost has come up with a SWOT analysis on IDLC Finance Limited. I believe that my report would give an in-depth understanding about the IDLC finance limited and also about the Credit Risk Management-Consumer division. With constrained access to information because of classification, I have attempted to give as much data as being conceivable about the works including Consumer Division in IDLC Finance Limited