Report On General Banking Activities Of Janata Bank essay

They collect savings from large masses of people catered throughout the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the financial requirements. Main functions of banking department are the followings: Account opening system, Account section, Collection and clearing, Saving Bank Account, Current Account, Short Term Deposit Account. Local remittance Section: Pay order, Demand Draft, Telegraphic Transfer, Call Deposit Account.

Kanata Bank Ltd. Also provides different types of DIPS like monthly savings Scheme (M’S), Monthly Benefit Scheme (MBPS). Kanata Bank Ltd. Provides the entire general banking facilities like LLC, Clearing, and Forwarding, It also provide Loan for businessman. 1. 1 Banking Scenario in Bangladesh The March 1971 Bangladesh was a part of Pakistan known as East Pakistan. A nine month liberation war results in the creation of Bangladesh on 16th December 1971 . At the end of the liberation war, the banking sector of Bangladesh as in totally disarray.

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With exception of two local banks incorporated in then East Pakistan, all the bigger local banks became in operational. Liberation war left these banks divided and without any reportage office to guide their Head office as located outside Bangladesh territory. The overseas banking relationships with these banks were also shattered under such situation. Two local banks and a few branches of the then Pakistani banks were functioning in the country. Starting with such a humble and chaotic condition, the banking sector of Bangladesh has grown to a great extent.

In the middle of 2001 there were 52 scheduled Banks. But at the end of 2001 , two foreign banks, “Standard Charted Bank” and ANZA Grind Lays Bank PL” merged as standard Chartered Grind Lays Indicators All Banks No. Of Banking Branches ,228 Deposits (Excluding Inter-bank) a)Total Deposits: Urban 820,300 Rural 179,726 b)No. Of Accounts Advances (Excluding Inter-bank) c) Total Deposits: 835,963 736,566 99,396 d) No. Of Accounts Major Indicators of the Banking Sector of Bangladesh as on 31. 12. 2004 Amount in Million Take (SIDE -TX. 58. 0) 1. 2 Background of the study: The Internship is very helpful to bridge the gap between the theoretical knowledge and real life experience as the part of the Bachelor of Business Administration (ABA) program. This report has been designed to have a practical experience through the theoretical understanding. For the implosion of thesis I have been placed in Bank named “Kanata Bank Ltd. “. I decided to work on the practices of general banking activities of the bank. The report focuses on the practices of the general banking activities. 1. Objectives of the report: The objective of the thesis is to familiarize students with the real business situation, to compare them with the business theories & at last stage make a report on assign task. The main objectives of this report are: To complete the pa retail fulfillment of the requirement of MBA Degree To know the general banking activities of Kanata Bank Ltd. Ltd 1. 4 Methodology: To perform the study data sources are to be identified and collected, the data are to classified, analyzed, interpreted and presented in a systematic. I) Primary Sources- Face to face conversation with the official staff.

Practical dockworkers Simple Depth interview technique was used by asking number open-ended questions to collect the information. Relevant file study as provide by the concerned officer. Ii) Secondary Sources: Annual Report (2007, and 2008)Kanata Bank Ltd. Investment Manual (2007) of Kanata Bank Ltd.. Website of the Kanata Bank Ltd. Various book articles about general banking activities. 1. 5 Limitation: The present study was not out of limitations. But it was a great opportunity for me to know the banking activities of Bangladesh specially Kanata Bank Ltd..

The study carried on has the following limitations: The main constraint of the study is inadequate access to information, which has hampered the scope of the analysis required for the study. Some problems create confusions regarding verification of data. The time is insufficient to know all activities. It was very difficult to collect the information from various personnel for their job constraint. As some of the fields of banking are still not covered by our rouses, there was difficulty in understanding some activities.

Because of the limitation of information, some assumption was made. So there may be some personal mistake in the report. Company Profile 2. 1 Background of Kanata Bank Ltd. : Kanata Bank Ltd. Has its prosperous past, glorious present and prospective future. Established as the first private sector Bank fully owned by Bangladesh entrepreneurs, JOB has been flourishing as the largest private sector Bank with the passage of time after facing many stress and strain. The member of the board of directors is creative businessman and leading industrialist of the entry.

To keep pace with time and in harmony with national and international economic activities and for rendering all modern services, JOB, as a financial institution automated all its branches with computer network in accordance with the competitive commercial demand of time. Moreover, considering its forth-coming future the Bank has been rearranging. The expectation of all class businessmen, entrepreneurs and general public is much more to JOB. Keeping the target in mind JOB has taken preparation to open new branches by the year 2000-2001. The emergence of JOB in the private sector is an important event in the

Banking area of Bangladesh. When the nation was in the grip of service recession, Gobo. Took the farsighted decision to allow in the private sector to revive the economy of the county. Several dynamic entrepreneurs came forward for est. bliss ins a bank with a motto to revive like the economy Of the country. Kanata Bank Ltd. Was born as the first hundred percent Bangladesh owned Bank in the private sector. From the very inception it is the firm determination of Kanata Bank Ltd. To play a vital role in the national economy. We are determined to bring back the long forgotten taste of banking services and flavors.

We want to serve each one promptly and with a sense of dedication and dignity. The president of the people’s Republic of Bangladesh Justice Guanidine Chowder inaugurated the bank formally on March 28, 1983 but the first branch at 48, Dullish Commercial Area, Dacha started functioning on March 23, 1983. The second branch was opened on 1 lath May 1983 at Chattanooga, Chitchatting. Today we have total 76 Branches all over Bangladesh. Considering the need for remittance by the expatriates Bangladesh residing abroad the Bank during the year established drawing arrangement with the Pacific Bank Bertha, Malaysia (now May Bank), Security

Exchange Company Limited, State of Kuwait and Dali Exchange, State of Bahrain. Our Bank invested 25% equity in Gulf Overseas Exchange Company LLC, a joint venture Exchange Company in Oman, operating since November 1985 under the management of our Bank. The Bank received Riyal Oman 12, 450 equivalent to TX. 1. 74 million as dividend for the year 2000. A representative Office was established in Yang, Manner in October, 1 996 by our Bank and obtained permission from the Government of Bangladesh to handle border trade with Manner. Opportunities are being explored for further business avenues there.

Now JOB is on line to establish trade and communication with the Prime Interrelate Bank Ltd . ins companies Oh the world. As a result JOB will be able to build a strong root in interrelate Bank Ltd. ins horizon. Bank has been drawing arrangement with well conversant money transfer service agency “Western Union”. It has a full time arrangement for speedy transfer of money all over the world. Banking is not only a profit-oriented commercial institution but it has a public base and social commitment. Admitting this true JOB is going on with its diversified banking activities.

JOB introduced Monthly Savings Scheme, Special Deposit Scheme, Consumers Credit Scheme and Savings Insurance Scheme etc. To combine the people of lower and middle-income group. 2. 2 Mission: Efforts for expansion of JOB activities at home and abroad by adding new dimensions to their banking services are being continued unabated. Alongside, they are also putting highest priority in ensuring transparency, account ability, improved clientele service as well as to their commitment to serve the society through which they want to get closer and closer to the people of all strata.

Winning an everlasting seat in the hearts of the people as caring companion in uplifting the national economic standard through continuous up gradation and diversification of their clientele services in line with national and international requirements is the desired goal they want to reach. 2. 3 Vision: Ensuring highest standard of clientele services through best application of latest information technology, making due contribution to the national economy and establishing themselves firmly at home and abroad as a front ranking bank of the country are their cherished vision. 2. Objectives of the Bank: Alongside up gradation and diversification of banking service to provide axiom satisfaction to the respected clients, nourishing saving habit among the general people by offering them attractive savings oriented products, thereby assisting economic development. To build up a deep- rooted and harmonious banker-customer relationships by dispensing prompt and improved services to the clients. Use the hard-earned investment of their valued shareholders. Simultaneously, play their due part in developing a vibrant capital market by ensuring more effective participation of the Bank in the share market.

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