Managing Risks Associated with Providing Financial Services: A Case Study on IDLC Finance Limited
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The non-bank financial institutions (NBFIs) comprise a quickly developing section of the financial system in Bangladesh. The NBFIs have been contributing toward expanding both the quality and amount of financial services and in this manner relieving the failures of existing financial intermediation to meet the developing needs of various sorts of investment in the nation. Today all NBFIs are assuming an essential job in the development of the country's economy with the best of their capacity. During the time of world recession, NBFIs in Bangladesh act in a stringent way with the goal that their financial systems, and in addition the economy, don't crumble. 29 NBFIs are presently adding to the development of the national economy. IDLC Finance Ltd as a main and pioneer NBFI began their task in 1986 and still, they are overwhelming the NBFI part and additionally adding to the flourish of economic development. Their achievement in this industry has enlivened others to put their capital beneficially. As the real business of all NBFIs is giving lease offices to the business alongside different kinds of loan to individual and associations, in this manner, the risk is related with every single product they are putting forth. To limit this risk each establishment has its own risk management approaches. Various actions are taken to minimize risks related to their investments. This Internship report explains the several duties performed by me in legal team under Customer Relationship Management (CRM) Department of IDLC Finance Limited, after that an overview of IDLC Finance along with the management of the legal issues such as risk management related to financial services in IDLC finance Limited in Bangladesh. In such a manner, IDLC Finance Limited has been taken as the example of NBFI, its services, legal issues, several risk management such as credit risk management, is also taken into consideration.
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