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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Reissuance of cheque book: There is an Islamic advisor at every Askari Islamic Banking branch who guides about the various types of accounts that are present in this form of banking and the types that are available in Islamic banking are AHSAN accounts which are savings accounts and offer profit on monthly basis which are made with the concept of risk bearing. This report is submitted to state bank of Pakistan on monthly basis.
Officer of remittance department checks the information and sign it.
Internship Report on Askari Bank Limited – PDF Free Download
All banks are required to follow the instructions of state bank of Pakistan regarding cash management such as branches are required to prepare on daily basis a statement of closing cash balances. This task was assigned to me by MBA Management and I complete this task with my full concentration and devotion.
Year Leverage Ratio Capital Ratio 0. Activity Checking; Business Administration Page 30 Checks all the debit and credit transactions and vouchers of the branch and in case of errors send them back to concerned department for correction. These ratios can give users another look at the financial health and performance of a company Year Cash Flow Ratio Cash flow to Profit after Tax And started operations from April 01, The banking sector in Pakistan is a massively competitive one with competitors offering new and improved services with every passing day and to survive in such a situation, a bank has to ensure top notch quality and innovation at all times in order to catch and retain customers.
Export promotion bureau is the regulatory body of imports. I did a 6 weeks internship at Askari Bank Limited Abbottabad branch located on Mansehra Road which started on the 9th of July and ended on August 20th Positive aspects of external environment are: Business Administration Page 29 When documents are collected from customer then necessary verification is done.
Internship Report on Askari Bank 2017 (New)
Account is debited once even if there are any adjustments. Askai finances are those finances in which any collateral is obtained such as hypothecation, pledges or tangible assets. Companies recognize and categorize its strengths, weaknesses, opportunities and threats.
Salary slips of army officers were given to me for stamping and separating them according to number transactions then to make lists into system. Authority is delegated credit committee policies rfport credit monitoring, administration, approval, portfolio limits and principals.
The purpose of the study also inyernship 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. Askari Commercial Bank limited continues to scale new heights in all areas of its operations.
ACBL banking system is a collection of interrelated departments that works together it is right to say that ACBL is a hierarchical system. To develop an understanding of various functions of the bank. I have used different tools of financial analysis in this section. Retail manager He is responsible for manage the retail staff and achieving their sale tasks Retail officer He is direct involve the sale and provide the feedback to the whole organization.
Internship Report on Askari Bank Limited –
This Department is intended to help customers to open an account and to guide customers about different types of accounts being offered by the bank and help them to choose a suitable account to open. LC available by deferred payment or by payment is not accepted. National Institute Facilitation Technology: Askari bank also offers agriculture banking products and services. She totals the receipts in the summary strike a balance showing the net amount due to or from the bank and hands over the same to the supervisor of Clearing House for authentication.
Increase rate of return and better finance facilities. Pay order issued by one branch is payable from the same branch. Locker facility and western union fund transfer facility.
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.
Currently the usage of repotr card is limited to middle class only there has been a marked increase in the use of credit cards in Pakistan.
Please enter your email address. I learnt mandatory requirements for opening an account and requirements for opening minor, public limited and partnership company accounts.
ASKARI BANK LIMITED Internship report. ASKARI BANK LIMITED Internship report.
If amount of credit is less than debit amount such clearing is unfavorable for the bank. I dedicate my work to all my friends and colleagues who really helped me to perform this work. I did activity checking of MO and customer books and make their record and learnt about reconciliation and pre audit checking.
Some weak points of the organization are: I attached other memos with cheques stamp them and also help customers to rectify mistakes in instruments if any.
Customer deposits bnak Rs billion from Rs teport on December 31, Told me when they use signature differ form.
Pakistan is a developing country and its financial system consists on several financial institutes. How working take place in the bank to handle financial matters. It seeks to maintain high standards of services and ethics.
The third and perhaps the most vital department of any bank is the deposits department which works at the branch level and this particular department is responsible for the trading of funds and maintaining different accounts.
Like other banks the Bank also perform the main function of marketing. This department gives advances to individuals and companies.