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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I agree to the Terms. Please enter your email address. You will receive a link to create a new password. Size px x x x x Published on January Categories: I am thankful to my family for their support and motivation.
I would like to express my gratitude to the branch manager and staff members of Askari Bank Limited who helped axkari and gave possibility to complete my report.
Internship Report on Askari Bank 2017 (New)
I am thankful to those who provide me guidance about the working of bank and gave satisfactory answers of my questions. I also acknowledge the help of teachers who taught me and guide me about writing projects. I am highly indebted to Madam Imrana Yasmeen operation manager of branch for her guidance, support and information about bank without her help would not be able to ibternship my report on time. Business Administration Page 2 3.
I observed practical aspects and get good practical experience. I worked in six different departments during my internship period. On first day of my internship I met operation manager Imrana Yasmeen who gave me a brief introduction of working of bank and its departments. Every internee is rotated among bank departments after one week and so was I. In this report I gave the introduction of bank and its department its products and services.
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. I learnt the process of issuance and payment of DD and PO, dealing with customer and maintaining their deposits, working and responsibilities of clearing department. Accounts department maintains the budget of branch and makes daily condition statement of branch by summarizing daily activities and forward it to head office.
Also makes correction of issues pointed out by audit department maintains the record of vouchers and check them I did so. Credit department is responsible for providing funded and non funded facilities and obtaining information of client.
Foreign trade department deals internsihp imports and exports related facilities issuing advance, E-Form, swift message and LC as Sialkot is an industrial city most of the exports and imports of Sialkot are done through reporf bank.
Foreign Trade department maintains the accounts in foreign currency and reports in dual currency. Low deposit rates are major reasons of not meeting targets askari bank is now providing high profit rates to attract customers and to ultimately increase their profits. Centralization has also become a major reason of slow working and leads to pending work in departments. Main Body of Report 5.
Business Administration Page 4 This internship report is aimed at studying and repoet Askari Bank Limited in rreport and in particular a branch office at Sialkot. Askari bank works round the clock to provide services to its customers.
Since Askari bank has played a pivotal role in the development of Pakistan. Askari bank has adopted a customer oriented approach like other multinational banks to provide quality services and stands as a role model for other banks.
The main purpose of the internship is to prepare and submit a report as a partial fulfillment of MBA degree from University of Gujrat.
ASKARI BANK LIMITED Internship report. ASKARI BANK LIMITED Internship report.
The purpose of this report is to fulfill my academic requirements. Some other purposes are: To develop an understanding internshi various functions of the bank. To highlight the facilities and products offered by Askari bank to its customers. To develop the interpersonal communication skill.
To apply knowledge gained in practical field. To give some recommendations for the problems pertaining to Askari Bank by identifying areas in the bank where there is some room for improvement. It can also provide help to Askari Bank management in identifying their strengths, weaknesses, opportunities and threats. The purpose of the study also is to do practical work in the field to apply my knowledge to real life situation which enables a student to be a future banking practitioner.
How working take place in the bank to handle financial matters. This report has the aim to share my knowledge and experience that I have gathered during my academic and practical training at Askari Bank. Banking has a broad scope. In only six weeks of internship it is hard to understand each and deport aspect of bank.
Due to the barrier of limited time the scope of work usually confined. Banking is as ancient as human society and its importance as a financial intermediately cannot be denied. Askari Bank Limited was incorporated on October 9, and is playing a leading role in the banking sector. Its head office is located at AWT Inernship. Bank is providing broad product lines and customer need 22012 services. Bank is operating with branches in conventional banking as well as 34 Islamic banking moods of financing.
This rating specifies low credit risk, very strong capacity for timely payment of financial commitment and a very high credit quality.
Corporate Social Responsibility is an integral part of the way Bank do business. In order to fulfill our CSR objectives, ACBL attempt to promote public interest by encouraging community growth and development through sponsoring social service events, supporting education, sports, and environment and also contribute in socio-cultural activities. Mission Statement of ABL To be the leading private sector bank in Pakistan with an international presence, delivering quality service through innovative technology and effective human resource management in a modern and progressive organizational culture of meritocracy, maintaining high ethical and professional standards, while providing enhanced value to all our stake-holders, and contributing to society.
Askari Bank Limited was incorporated in Pakistan on October 9,as a public limited company.
It commenced operation on April 1,and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, It is the only bank in the world run by an army. Since inception, the bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network itnernship includes Islamic and Agricultural banking.
Performance of the bank can be evaluated by its business volume. According to the financial report of the year bank had the equity of Total liabilities of the bank have also increased continuously from to amount of internzhip is Rsmillion.
Internship Report on Askari Bank
Business Administration Page 6 Operating profit of the bank increased by 4. The shareholder fund or equity is 19, million rupees which have recognized an increase of Current and Saving Deposits: Customer deposits as on 31, December realized a growth of about 5. Customer deposits reached Rs billion from Rs billion on December 31, Saving deposits increased by The major increase was in current and saving accounts which increased by Current deposits improved by The average deposit size of the bank maintained its level.
Reportt Advances and Mark up Revenue: Profit after taxation stood at Rs million which has realized a decline from previous year as the profit for was Rs million which is decreased by Gross advances declined by 2. Net mark up revenue is declined by 6. Revenue is not steadily increasing or declining from to in fact revenue is facing a random situation. In the same year bank has also won the best presented accounts award — 2 nd Runner Up-joint by South Asian Federation of Accountants.
Principle activities of bank are to facilitate its customer by providing depository, lending and related financial services. These financial services are internet askair, credit cards, debit cards, corporate retail and commercial banking, credit risk management agriculture banking and customer services. Askari bank is providing corporate, retail and commercial banking products and services primarily in Pakistan. Bank strives to meet the expectations and requirements of corporate clients by providing xskari customized and relationship based banking approach.
Bank provides services in the area of mergers, acquisition, privatization and underwriting. Commercial banking involves activities related to export finance, project finance, leasing, bajk finance, guarantees, lending, deposits from corporate customers askaru bills of exchange, treasury and money market services, locker services.
Askaro bank also offers agriculture banking products 20012 services. Financing products includes live stock development finance, tractor finance etc.
Askari bank is providing comprehensive range of products and services to its customers.
Whether you are looking for lockers for your valuables, high returns on deposits, provides liquidity for your business needs, financing for purchasing a car, financing for purchasing a house, loans to meet your emergency cash needs Askari Bank would be the right choice. Branch Banking Following are the products provided by Askari bank to their customer at branch level. The state bank of Pakistan reeport given boost to consumer financing by removing restrictions imposed on national commercial banks.
Pakistan is having diverse geographical and climate conditions country has reporrt potential for agricultural growth and development. Role of agriculture in our economy is pivotal in nature. Agriculture finance service launch for farmers to improve their life style. Askari bank is offering Islamic banking by providing services of Islamic corporate baking, Islamic investment banking, Islamic trade finance, Islamic general banking and Islamic consumer banking. Corporate banking includes providing corporate and investment banking activities.
Investment banking Division IBD: Political and Legal Analysis: War against terror is going on and there is very weak Government. There are also some other global challenges such as climate changes e.
Pakistani banking sector remains relatively downbeat despite the potentially vast consumer market in the country.
However, we should not expect rapid sector development.