Only curriculum activity is not sufficient to handle the real business situation. This Internship Report was carried out within a short span of time, but I have tried my best to provide the most accurate and reliable information regarding my. During the internship period at National Bank Ltd, I was placed in different departments on rotation basis. Migrants sent approximately 10% of their household incomes; these remittances made up a corresponding 50-80% of the household incomes for the recipients. Ijaz Farooq Executive Incharge Islamic Banking Division The Vision Our vision is to be a leading financial institution, with a niche in areas where we have a competitive advantage with complete banking solutions. Ø Citi should pursue a defensive service quality strategy that is a slow going strategy rather than offensive service strategy.
By using this list, people of Accounts Department can prepare the vouchers. Historical Background of The City Bank Limited: City Bank is one of the oldest private Commercial Banks operating in Bangladesh. As Lodhran branch is a new one, its employees have to bring their bank among the list of good banks. The long-run economic benefits of external income are then evaluated using data for Jordan. Weights are defined by risk-sensitivity ratios whose calculation is dictated under the relevant Accord. If the branch is an authorized dealer in foreign exchange market, it can remit foreign exchange from home country to foreign countries. Bangladeshi expatriates are sending foreign remittance to their local beneficiary, through that account.
Several large trends are reshaping the financial services industry. Same kind of behavior and attention is given to all the customers. The information and findings presented in the report seem to be authentic. In the multi-period case, something might also happen to the economy beyond the control of the individual to reduce or increase the flow of income. Bakhtiar Khawaja Executive Incharge Human Resources Division Mr.
At present, only a fraction of remitters send their money through banking channels. Interview was the basic technique that was employed to collect primary data from people within the organization. Amount, date, stamps, signatures all the requirements for cheques and vouchers are fully checked. The report will mainly focus on how National Bank Limited is providing satisfaction to target customers and how its services are making transaction methods more acceptable inside the country and even worldwide. My duty was to brief the consumers related to bank various accounts and its features, requirements if any consumers demand desire to know. The rate of return of this account varies from 8 % to 13 %.
So I select Rupali Bank Ltd. The report has been prepared under my guidance and is a record of the bonafide work Carried out successfully. To examine the efficiency of the Export management system, Letter of credit has been taken as the prime factor. Money, or cash on hand, is the most liquid asset. The World Trade Centre incident… 6421 Words 26 Pages Introduction : Modern banks play an important role in the economic development of a country.
All the entries are made in computer. City Bank Management gives top priority to its peoples leasing and development issues. In India, there seems to be no causal relationship between growth in remittances and economic growth; but in Sri Lanka, a two-way directional causality is found; namely economic growth influences growth in remittances and vice-versa. The scenario of banking business is changing day by day, so the bank's responsibility is to device strategy and new products to cope with the changing environment. This bank is a reputed and leading one in our banking sector for its performance. I heavily enjoyed the working environment of this office.
The intern has started the internship period effective from 2 nd April to 2 nd June i. Financial sector plays a crucial role in the development of the economy. Payment of Cheques The process for payment of cheques for local and foreign currency is same. An important thing that I feel important to mention that in some cases, some practices are performed which are not accepted theoretically. Details of these banks are then entered into the clearing schedule containing number of cheques presented and their total amount against the name of each bank. So, place your trust with City Foreign Remittance Service.
The policy implications outlined in her paper include the need for caution and retrospection in certain instances as well as action and international collaboration in other areas. It has almost every department like cash, remittance, accounts, finance, agri finance, account opening, human resource, and car finance. Rima Pervin Assistant Professor Department of Business Administration Stamford University Bangladesh Internship certificate format Certificate of Supervisor This is to certify that Abu Sayeed Md. Most outward remittance is approved by the authorized dealer on behalf of Bangladesh Bank. Following the privatization in July 1997, Habib credit and Exchange Band assumed the new identity of Bank Alfalah on February 25, 1998. His sincere guidance, untiring co-operation, valuable advice and endless inspiration enabled me to overcome all the quandaries that I faced during the course of my study and preparation of the manuscript. Thus a landmark was made in the history of banking when the state bank of Pakistan assumed full control of banking and currency in Pakistan.
Procedures of Remittance Payment: Passport not expired. Actually, I set some well-defined objectives for my study on this topic. Competitors Despite notable economic uncertainties, the financial strength of Bank Alfalah Limited has greatly enhanced during the previous years. People identified gold as a means to store their wealth. The practical knowledge is far different from the bookish knowledge that a student achieves in an institution. I would like to express my gratitude for your kind guidance in completion of the report assigned for me. National Bank Limited is pioneer in foreign remittance market in Bangladesh.