INTERNSHIP REPORT ON ASKARI BANK LIMITED . the Bank had equity of Rs. which in turn has resulted in increased competition. 1. Lahore. This internship report includes a complete introduction, performance and financial analysis of the statements of the Askari Bank Limited. Internship Report 1 ALLAMA IQBAL OPEN UNIVERSITY Department of Business Administration INTERNSHIP REPORT ASKARI COMMERCIAL BANK LIMITED.
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These kind of customer can be handle by talking politely, and by empathic. Selection of borrower requires decision making power of banker.
Then there are AHSAN Munafa accounts which offer profit on monthly basis which is made on a daily product basis asmari lastly there is the AHIA account which is primarily an investment account which offers investment certificates with maturities ranging from monthly, quarterly, half yearly to yearly basis.
With an innovative product range, being best rated in the market, the Bank continues to surpass its allocated targets for agriculture financing. Letter is issued by the importers bank.
National bank is owned by the government and act as an agent of the State bank o…Full description. Exemplary compliance, governess and business ethics Teamwork: They work bbank the credit process from the start to the eventual end of any credit process and even though they work in the same building they have their own 19 Askari Bank Bbank separate team which has nothing to do whatsoever with the normal working staff and they work with their selected employees only.
I observed bookish knowledge relates with practical work of bank.
Problems Encounter In the start I faced many problems like to difficulty to understand the work but the AKBL staff was very good and co-operative there. The scope of the system also spans the development and management of Bank’s business and activities on regional basis. My purpose of internship apart from being a degree requirement was to gain practical knowledge and knowhow about the job market and it has been an experience full bznk learning and knowledge.
Classification of Credit Facilities The credit facilities extended by the bank are classified as: Duties and New Knowledge Acquired 1st and 2nd Week I started my first day of internship with the introduction of bank employees and with introduction of bank departments.
LC available by deferred payment or by payment is not accepted.
Customer deposits reached Rs billion from Rs billion on December 31, I also learned that what type of behavior use and which type of language use with the customer and how attract toward it. I also acknowledge M. This Department deals innternship the local currency transfer only.
Banking is as ancient as human society and its importance as a financial intermediately cannot be denied.
It must boost its marketing efforts and introduced the intelligence system to make up its faults. This can be knternship elaborated with the help of the organogram illustrated below: Simply we can say to lend money bank need safety of internshio money. Published by Gabriel McCoy Modified over 3 years ago. Starting and Ending Date of Internship: Politics should be discouraged in such an environment 5. Departmentalization rpeort used through which work is divided among employees of bank.
It is not the main branch having 15 employees working in it out of which only one is women and remaining are men. The economic health of any country can be checked by having a look at its banking sector. Credit officer shall see the capacity of repayment of borrower before lending any amount.
The Askari asksri contain the many departments this department introduction is here under. Due to diverse geographical and climatic conditions, the country has tremendous potential for agricultural growth and development.
Pay order issued by one branch is payable from the same branch. They say that they will continue to invest in the modern tools and substantial allocation to resources will be made to achieve this objective during the current year.
I have learned many things during my internship program which enable me to mange my work properly and gave me askzri in decision making. When DD is received payment is made an entry of Branch Dr. Safeguards to be followed: Internship Report on Askari Bank New. It commenced operation on April 1,and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, I had a great experience to learn about this new banking system and the future of this banking is seemed to 0212 very 202 in coming years due to its increasing trend.
Other financial ratios have shown a consistent manner. No computer expert in branch in case of internahip problem expert comes from head office which takes time.
I got training in remittance department like any other bank askari bank is using instruments like telegraphic transfer, mail transfer, demand draft and pay order for transferring money. Administrative expenses have increased.
To know the purpose is crucial for banks that loan will be used for the productivity of economy. The different types of checques are collected for clearing transaction which is as under. Besides being a requirement of CIIT Islamabad for students in their last semester to apply for internships, the rationale for the internship besides that was to gain the maximum amount of experience possible before going out in to the practical world and the internships one does at this point of academic life have a significant impact later on in the early stages of the career.
The amount and number of cheques received and delivered by each bank as well as the amounts to be received and paid.