Loan processing, credit appraisal, follow – up & recovery procedure of IFIC Bank Limited

This internship report is submitted in a partial fulfillment of the requirements for the degree of Bachelor of Business Administration,2014.

Bibliographic Details
Main Author:	Marzan, Nafisa
Other Authors:	Newaz, Mohammad Tanvi
Format:	Internship report
Language:	English
Published:	BRAC University 2014
Subjects:	Business administration Loan processing Credit appraisal
Online Access:	http://hdl.handle.net/10361/3695

id	10361-3695
record_format	dspace
spelling	10361-36952019-09-30T03:42:06Z Loan processing, credit appraisal, follow – up & recovery procedure of IFIC Bank Limited Marzan, Nafisa Newaz, Mohammad Tanvi BRAC Business School, BRAC University Business administration Loan processing Credit appraisal This internship report is submitted in a partial fulfillment of the requirements for the degree of Bachelor of Business Administration,2014. Cataloged from PDF version of Internship report. Includes bibliographical references (page 77). Banking system of Bangladesh has through three phases of development Nationalization, Privatization and lastly Financial Sector Reform. IFIC Bank Limited has started its journey as a private commercial bank on June 24, 1983.As a part of my under graduation program, have completed my internship in this organization. Throughout the period of my internship, I hadbeen working in several departments. However, I was officially appointed to work in the creditdepartment. The report will reveal the background of the company, description of the loans,findings and recommendations based on the experience gathered. One of my major responsibilities was to assist the clients in opening new accounts. Alongside, my work was limited to Account opening section, Bills and clearing section. I had been given access to unique software, called MYSIS. I would be required to log in with username and password, and then search for specific clients. In one hand, I was assigned to provide account opening related information to the new customers. Every day, one of my responsibilities was to capture new or existing information related to account opening and then, disseminate those information to the clients who are interested to open accounts in IFIC BANK. On the other hand, I was assigned to keep a database of the information collected. Alongside, I prepared and fill up new and existing files for the department. The report is based on my critical observation while working in the credit division of IFIC Bank. Lending is one of the principal functions of the bank. Sound lending practice therefore, is very important for profitability and success of a bank. For the sake of sound lending, it is necessary to develop a sound policy and modern credit management techniques to ensure that loans/ advances are safe and the money will come back within the time set for repayment. For this purpose, proper and prior analysis of credit proposals is required to assess the risk. The comparative analysis shows that IFIC is in better position, but there are some obstacles it faces to sustain the position. However, the continuous improvement of the services will certainly place the bank in the best position in one decade. Nafisa Marzan B. Business Administration 2014-09-20T10:35:37Z 2014-09-20T10:35:37Z 2014 2014-09-18 Internship report ID 10304087 http://hdl.handle.net/10361/3695 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. 93 pages application/pdf BRAC University
institution	Brac University
collection	Institutional Repository
language	English
topic	Business administration Loan processing Credit appraisal
spellingShingle	Business administration Loan processing Credit appraisal Marzan, Nafisa Loan processing, credit appraisal, follow – up & recovery procedure of IFIC Bank Limited
description	This internship report is submitted in a partial fulfillment of the requirements for the degree of Bachelor of Business Administration,2014.
author2	Newaz, Mohammad Tanvi
author_facet	Newaz, Mohammad Tanvi Marzan, Nafisa
format	Internship report
author	Marzan, Nafisa
author_sort	Marzan, Nafisa
title	Loan processing, credit appraisal, follow – up & recovery procedure of IFIC Bank Limited
title_short	Loan processing, credit appraisal, follow – up & recovery procedure of IFIC Bank Limited
title_full	Loan processing, credit appraisal, follow – up & recovery procedure of IFIC Bank Limited
title_fullStr	Loan processing, credit appraisal, follow – up & recovery procedure of IFIC Bank Limited
title_full_unstemmed	Loan processing, credit appraisal, follow – up & recovery procedure of IFIC Bank Limited
title_sort	loan processing, credit appraisal, follow – up & recovery procedure of ific bank limited
publisher	BRAC University
publishDate	2014
url	http://hdl.handle.net/10361/3695
work_keys_str_mv	AT marzannafisa loanprocessingcreditappraisalfollowuprecoveryprocedureofificbanklimited
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Loan processing, credit appraisal, follow – up & recovery procedure of IFIC Bank Limited

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