Micro Credit & Retail Financing in Corporate Business Department of IPDC Finance Limited

Abstract

IDC is one of the most reputable and well-regarded non-banking financial institutions (NBFIs) in Bangladesh, with a reputation for excellence. IPDC has been in operation since 1981 and has grown to become the country's first financial institution of note. IPDC has had significant growth in recent years. The corporate Business Department is always essential for a company to operate strategic business plans and get advantages over competitor companies. There are many functions of this department. But the main function is to develop exceptional business plans and operate them successfully to make that operation profitable for the company. These functions improve the reliability and efficiency to the company. This report includes the practices of IDC Finance Limited's Corporate Business functions and its functional processes which are increasing their sustainability and enhancing their efficiency in the industry. I have tried to address all of IPDC's Corporate Business operations, functions, and policies in my report. I made a point of concentrating on the Corporate Business Department's Dana Project. Dana is Bangladesh's sole retail finance enterprise, and it was also awarded the National Fintech Award 2021. I tried to identify the rarely discovered errors that are luring them back and made some suggestions to assist them to improve their condition.