Loan Disbursement and Recovery Systems of Premier Bank Limited

Abstract

The rapidly expanding businesses of today have a demand for commercial banking services that fully match their expectations in terms of speed, convenience, efficiency, and security. Many banks, both domestic and international, are developing innovative corporate banking services to meet the growing demand from businesses of all sizes. It is no exaggeration to say that Bangladesh is one of the developing countries working hardest to join that group. When discussing the financial infrastructure of a country like Bangladesh, banks undoubtedly take center stage. Bangladesh's economic development rates have been on the rise in recent years, but the vast majority of the country's citizens still lack access to formal banking services. Providing access to financial services for all segments of society, including the economically disadvantaged, is essential to achieving development and growth. The growth of the economy depends on the financial sector, which must be robust and healthy. Credit for economic operations backed by public surplus capital is made possible through a variety of deposit incentive programs, and this has played a significant role in Bangladesh's economy. Banks are sometimes referred to as the bearers and carriers of the economy. Millions of savers look to banks for optimism. One of the most significant segments of the financial sector in Bangladesh is the banking sector. This sector's coverage is progressively expanding. The banking industry's entire services are expanding at the same time. The banking system is being modernized. People can use quick banking services. Any nation's economic growth is mostly fueled by the banking industry. The banking industry is crucial to many processes, including the management of deposits, the exchange of money, the provision of different credit services, the protection of long-term investments, and the growth of SMEs. There are currently 61 banks, including public, private, and international institutions. Villages now have more bank branches than cities. As a result, the rural economy is seeing an incredible recovery. In order to meet client demand and service requirements, private banks are actively updating and maximizing the use of information technology.