FOREIGN EXCHANGE MANAGEMENT OF JANATA BANK LIMITED

EXECUTIVE SUMMARY

Janata Bank Ltd is a govt owned bank with numerous branches spreading all over Bangladesh. It collects remittances from NRB from different countries and transfers the currency in BDT to the destined location. Here I have tried to describe the remittance processing structure of JBL. Along with, I have included the changes made by globally accepted protocol UCP-600 and wired transfer service SWIFT. In this report I have tried to show the contribution of JBL’s remittance earning on national remittance earning. JBL’s performance is not dissatisfactory but the remittance earning is not increasing as the rising national remittance
curve.After analyzing the data of JBL’s remittance earnings processthis report have suggested that JBL lacks in foreign currency collection structure. Its remittance earning is increasing but the increase is far below the national remittance increase. JBL should take up to the mark structural change in service to cope with the national trend and help Bangladesh earn more remittance. In addition, with this intern reporthave been included the regression analysis of import-export volume with regard of exchange rate.

INTRODUCTION

This report has a certain purpose to focus on the operations of “Foreign Exchange” of Janata Bank Limited. Without any doubt Foreign exchange catches the flash as it has great importance in the balance of trade in economy. Banks plays a vital role in this discipline.

2. ORIGIN OF THE REPORT

Although total B.B.A. program combines an excellent blend of theoretical and classroom knowledge but aside this internship program facilitates a student to bring light on their theoretical knowledge to apply this in practical ground. I was assigned to Janata Bank, Hotel Sheraton Corporate Branch, and foreign exchange department for my practical execution. I am required to prepare an internship report under the supervision of our honorable teacher Muhammad MukhlesurRahmanon “Foreign Exchange Management of Janata Bank Limited” to conduct a precision analysis on the typical subject. I have always tried my best to reflect my experience of the practical incidence in this report.

3. OBJECTIVES OF THE REPORT

3.1. BROAD OBJECTIVE

The main purpose of the report is to get a clear idea about the management of and Foreign Exchange of Bangladesh as well as Janata Bank limited, and make an elaborate industry analysis on the banking sectoractivity of Bangladesh.
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