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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Internship Report on Askari Bank Limited
Bank selects its borrowers very cautiously. Pioneering the new ideas, adding skills and operational excellence leads to a successful working Business Administration Page 10 organization. As an internee I have tried my best to perform all the tasks well while working in account opening department I filled forms required to open an account by attaching all the requisites and file the record of forms.
Basharat Ali is working as Relationship Manager.
Internship Report on Askari Bank
In clearing house the daily transaction are keep when the checque are drawn. There are three structures that any organization can follow namely functional, divisional and matrix structure. I came to know about how this department checks the vouchers and make their record.
Askari Bank is inernship in terms of the groups or divisions ban in it and then further division is done on the basis of the specific department while in reality a matrix like system exists in which different departments and bodies come together to perform all the banking operations. Need to increase branch network to capture market. Turnover is a little high in Askari Bank and in my understanding it is not due to the remuneration policies but the high level of centralization which provides little or no space for the self-motivated personnel.
In case of Payment Pay in Slip: I worked there for one week and I had a good experience in this department.
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 complete my report on time. On what basis you have added Khushali bankHouse building finance corporation as competitor of askari bank.
Internship helped me to learn more about myself it also helped to improve my interview skills. 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.
Generally, banks grant this letter of credit. Key elements of strategies of Askari Bank are consolidation of business and operations. Administrative expenses have increased. The bank has branches inPakistanand Azad Jammu andKashmirat the year-ended of Banks debts are higher then equity so Bank should take further steps to improve the equity and reduce the debts.
Its profits are increasing year -by-year. Askari bank deals with all kinds of banking like corporate and investment banking, consumer banking services and Islamic banking etc. The difference between the receiving and giving loan rate is the profits of the organization. Human Resource principals are bqnk applied in departments of bank e. Political and Legal Analysis: Thursday I make an understanding of how to stamp each instrument while doing their clearing and verify signatures and amount written on cheque.
A main portion internshup the report consists of baank findings and task that I have performed during my Internship and also I have observed the working of the other people in the bank also mentioned in this report. Account closed file is printed and account opening form is filed in closed accounts files. I did the manual record keeping new arrived cheque Books and ATM cards.
Foreign trade refers to denote either foreign currency or the rate at which foreign currency is converted into another currency. The minimum level of balance for businesses is Rs.
Muhammad Asif Activities Day Monday On first day my supervisor gave me interndhip description of clearing department how it works how to maintain account with state bank role of head office and NIFT. The website is very useful for any person who is sitting in their whom can log on to the bank website for any kind of information relating to the banks accounts, products and services.
Clubs, Societies and Association Accounts. I observed bookish knowledge relates with practical work of bank. Foreign trade department works like general banking departments with the only difference that it deals in foreign currency.
It commenced operation on April 1,and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, Current ratio of the bank is satisfactory. To make this website work, we log user data and share it with processors.
ASKARI BANK LIMITED Internship report. ASKARI BANK LIMITED Internship report.
Banker got to know about the character of the person that the person will live up to his contract or not. Many affecting parts are joined to this but the important objective is to attract and retain the customers. All banks avail the facility of NIFT. It is because of the following strengths: Askari Bank limited is currently adequately centralized. To give some recommendations for the problems pertaining to Askari Bank by identifying areas in the bank where there is some room for improvement.
After fulfilling all the requirements bank purchases export letter and makes payment in Pak Rs for the value of goods to exporter. If expenses are not routine then approve those expenses from head office.
Askari Bank Limited ltd. Internship Report
Islamic banking is a rising field in the Pakistani banking industry with nearly all the banks competing in this section and Askari has only a few branches to cater those needs so they first of all need to step up their attention in the Islamic banking sector. Bank is providing loan facility to its customers working in all sectors of the economy to make them more develop than before. Which is helpful to retain in the market and survival of the business.