Chapter 1: Introduction
1.1 Origin of the report:
Internship program is a pre-requisite for acquiring B.B.A.
degree. Before completion of the degree, a student must, undergo the Internship
program. As the classroom discussion alone cannot make a student perfect in
handling the real business situation, therefore, it is an opportunity for the
students to know about the real life situation through this program. The
program consists of three phases:
a)
The orientation of the Intern with
the organization, its function and performance.
b)
The project work pertaining to a
particular problem or problems matching with the Intern’s area of
specialization and organizational requirement.
c)
The report writing to summarize the
Intern’s analysis, findings and achievements in the proceeding of the
followings.
1.2 Objective of the Report:
The
report has two objectives:
a)
General Objective
b)
Specific Objective
a)
General objective of the report:
The
general objective of the report is to complete the internship. As per
requirement of BBA program of Jagannath University, a student need to work in a
business organization for two months to acquire practical knowledge about real
business operations of a company.
b) Specific objective of
the report:
The
specific objective of this report is to find and analyze the loan approval and
monitoring process of Agrani Bank Ltd. It will also include gathering an idea
about the securities behind the loan facilities and issuing different bank
guarantees. The
detail objectives of my study are as follows-
Ø To access the credit
structure of banks in practice.
Ø To measure the
effectiveness of the bank in utilization of available deposit and resources.
Ø To identify the loan
recovery performances of the selected banks.
1.3 Methodology of the study:
This
report is mainly prepared by the primary sources of information & secondary
sources of information like –
Primary
sources of information-
Ø
Direct observation.
Ø
Information discussion with
professionals.
Ø
Questioning the concerned persons.
Secondary sources of information –
Ø
Annual reports of ABL.
Ø
Credit rating report of ABL by
credit rating information & services limited.
Ø
Desk report of the related
department.
Ø
Credit manual information.
Ø
Different reference books of the
library.
Ø
Some of my course elements as related
to this report.
1.4 Literature Review
With years, banks are also adding
services to their customers. The Bangladesh banking industry is passing through
a phase of customers market. The customers have more choices in choosing their
banks. A competition has been established within the banks operating in
Bangladesh. With stiff competition and advancement of technology, the services
provided by banks have become more easy and convenient. The past days are
witness to an hour wait before withdrawing cash from accounts or a Cheque from
north of the country being cleared in one month in the south.
This section of banking deals with
the latest discovery in the banking instruments along with the polished version
of their old systems.
Some of the significant achievements
of the bank in the year 2012. The bank continued to grow steadily in all major
areas. Total loans and advances in 2012 was tk 21266 crore as against tk 19409
crore in 2011 with a growth of 9.57%
in a period after the world-wide financial meltdown the profit before
amortization, provision and tax was tk 1006.74 crore at the end of 2012. During
the year shareholders’ interest could not be improved due to some reasons which
are mentioned in the director’s report but can be assured that in the coming year
it would be compensated by increasing business in all areas.
1.5 Limitations of study:
There are some limitations I had to face while preparing this
report.
·
It is very difficult to collect
some of the important data and information. There is some information very
secret and the Bank didn’t want to provide this information. But this
information may help to build a good report.
·
Another limitation is availability
of the data. The bank doesn’t have sufficient documents of the interest amount
they collect from different loans. For this there is no specific profit
calculation of the credit department.
·
Large scale research was not
possible due to constraints and restriction posed by the organization.
So, these
kinds of limitations I faced while preparing the report.
Chapter 2: Overview of the Organization
2.1
Background of the Bank:
Agrani Bank is a state-owned
commercial bank of Bangladesh established in 1972. Its head office is situated
at Motijheel in Dhaka, the capital city of Bangladesh. It started functioning
as nationalized commercial bank taking over assets and liabilities of the
erstwhile Habib Bank ltd and commerce Bank ltd. function in the East Pakistan.
It has been privatized on 15th November 2007 and emerged as Agrani Bank Limited
(ABL) taking over assets, liability and goodwill of Agrani Bank. The authorized
capital of the Bank is Tk. 800 crore.
Agrani Bank Limited, a leading
commercial bank with 867 outlets strategically located in almost all the
commercial areas throughout Bangladesh, overseas Exchange Houses and hundreds
of overseas Correspondents, came into being as a Public Limited Company on May
17, 2007 with a view to take over the business, assets, liabilities, rights and
obligations of the Agrani Bank which emerged as a nationalized commercial bank
in 1972 immediately after the emergence of Bangladesh as an independent state.
Agrani Bank Limited started functioning as a going concern basis through a
Vendors Agreement signed between the ministry of finance, Government of the People’s
Republic of Bangladesh on behalf of the former Agrani Bank and the Board of
Directors of Agrani Bank Limited on November 15, 2007 with retrospective effect
from 01 July, 2007.
Agrani Bank Limited is governed by a Board of
Directors consisting of 13(thirteen) members headed by a chairman. The Bank is
headed by the Managing Director & Chief Executive Officer; Managing
Director is assisted by Deputy Managing Directors and General Managers. The
bank has 10 Circle offices, 30 Divisions in head office, 53 zonal offices and
868 branches including 27 corporate and 40 AD( authorized dealer) branches.
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