The condition of most of the 35 financial institutions in the country has been very bad for a decade. These institutions are not able to return the money to the depositors. Even among such bad institutions, only a handful of three-four financial institutions are standing with their heads held high. One of them is IDLC Finance.
While most of the financial institutions have been floundering in the last decade, IDLC has launched new services. The mobile financial service provider has started collecting deposits through bKash, which has taken the services of the institution to the marginal level. Already, about 1.5 million customers have opened savings accounts with the institution. Although the institution has got 10,000 deposit customers and 30,000 loan customers through its own network.
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