Credit management system of IFIC Bank Ltd.
This internship report is submitted in a partial fulfillment of the requirements for the degree of Bachelor of Business Administration,2013.
| Egile nagusia: | |
|---|---|
| Beste egile batzuk: | |
| Formatua: | Internship report |
| Hizkuntza: | English |
| Argitaratua: |
BRAC University
2014
|
| Gaiak: | |
| Sarrera elektronikoa: | http://hdl.handle.net/10361/3031 |
| id |
10361-3031 |
|---|---|
| record_format |
dspace |
| spelling |
10361-30312019-09-30T03:30:41Z Credit management system of IFIC Bank Ltd. Samrat, Sk. Azharul Islam Ahmad, Sohana Wadud BRAC Business School, BRAC University Business administration Loan appraisal Credit management This internship report is submitted in a partial fulfillment of the requirements for the degree of Bachelor of Business Administration,2013. Cataloged from PDF version of Internship report. Includes bibliographical references (page 30). The growth has started all over with the banking system and its contribution towards financial development of a country is highest in the initial stage. International Finance Investment and Commerce (IFIC) Bank Limited started banking operations on June 24, 1983. Earlier in 1976 it was set up as a joint venture finance company at the instance of the Government of the People’s Republic of Bangladesh. Credit is continuous process. Recovery of one credit gives rise to another credit. In this process of revolving of funds, bank earns income in the form of interest. A bank can invest its fund in many ways. Bank makes loans and advances to traders, businessmen, and industrialists. According to the borrower need bank provide various types of loan. But the total loan is divided into two categories – Consumer Finance and Small and Medium Enterprise Finance. Credit activities are the risky step for any types of the bank especially commercial bank. For getting assurance to recover the loan bank critically examine the loan and loan borrower depending on the information. In the time of loan appraisal credit management follow some steps like Collection of Application, Approval Process, Credit Administration, Security Types, Credit Documentation, CIB Report, Risk Measurement, Disbursement, Custodial Duties and Compliance Requirement. There should be formal procedures and a system in place to identify potential credit losses and remedial action has to be taken to prevent the losses. Beside that the systems should be in place to report the following exceptions to relevant executives in credit. Moreover, regular contact with customers will enhance the likelihood of developing strategies mutually acceptable to both the customer and the bank the collection process for personal loans starts when the account holder has failed to meet one or more contractual payment (installment). IFIC bank Ltd. Uttara branch mainly provides three types of credit, which are – Fixed term loan, Continuous loan and Micro credit. They avoid short term agriculture Loan. Performance in the field of deposit mobilization, credit disbursement, foreign Trade, remittance, and income has increased then that of previous year. Sk. Azharul Islam Samrat B. Business Administration 2014-03-13T05:52:58Z 2014-03-13T05:52:58Z 2013 2013-12-23 Internship report ID 10104034 http://hdl.handle.net/10361/3031 en BRAC University Internship reports are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 36 pages application/pdf BRAC University |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Business administration Loan appraisal Credit management |
| spellingShingle |
Business administration Loan appraisal Credit management Samrat, Sk. Azharul Islam Credit management system of IFIC Bank Ltd. |
| description |
This internship report is submitted in a partial fulfillment of the requirements for the degree of Bachelor of Business Administration,2013. |
| author2 |
Ahmad, Sohana Wadud |
| author_facet |
Ahmad, Sohana Wadud Samrat, Sk. Azharul Islam |
| format |
Internship report |
| author |
Samrat, Sk. Azharul Islam |
| author_sort |
Samrat, Sk. Azharul Islam |
| title |
Credit management system of IFIC Bank Ltd. |
| title_short |
Credit management system of IFIC Bank Ltd. |
| title_full |
Credit management system of IFIC Bank Ltd. |
| title_fullStr |
Credit management system of IFIC Bank Ltd. |
| title_full_unstemmed |
Credit management system of IFIC Bank Ltd. |
| title_sort |
credit management system of ific bank ltd. |
| publisher |
BRAC University |
| publishDate |
2014 |
| url |
http://hdl.handle.net/10361/3031 |
| work_keys_str_mv |
AT samratskazharulislam creditmanagementsystemofificbankltd |
| _version_ |
1814308923754151936 |