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
By working in an organization we learn of the various ways in which knowledge can be implemented practically and in doing so not only do we know about our true capabilities but also experiences like these serve to broaden our knowledge base even further. It also served to mold me in a more professional and mature person then I was askxri. Internship enhances career and academic goals. Maintenance of Budget and stationary: Extension of advances is given by carefully checking required documents and collateral.
Intrnship internship provides help to get job in the banking sector. The analyst will use his or her discretion when choosing a particular timeline; however, the decision is often based on the investing time horizon under consideration. The balance requirements of this particular type of account range from a minimum of Rs. And to create and promote favorable relationship between the organization and targeted segments of the public or client base.
Accounts department also manages budget of branch and approves budget from head office for additional expenses and maintains record of all vouchers. Net mark up revenue is declined by 6. Performance appraisal system is used to evaluate the performance of employees and Business Administration Page 42 there is an audit committee which is controlling and monitoring of operations of all branches of the organization. On first day of my internship I met operation manager Imrana Yasmeen who gave me a brief introduction 20012 working of bank and its departments.
Economic Analysis The outlook for abnk Pakistani banking sector remains relatively downbeat despite the potentially vast consumer market in the country. awkari
Internship Report on Askari Bank
Need to increase branch network to capture market. National bank is owned by the government and act as an agent of the State bank o…Full description. Sales methodology is the sales technique which use in the selling of products by the Askari bank The Askari bank uses the different technique to for their sales. Inward clearing results in outflow of cash.
Cash manager controls the flow of cash receipts and disbursements to meet needs of the branch.
Allied Bank Limited Internship Report. But in the field of marketing and promotion of business their work is not sufficient and they ignored this vital thing and in reaction they face the difficulties to promote their business. 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.
Draft book and pay order book in use should be kept in locker overnight.
These can be purchased and encashed at any branch of Askrai Bank Limited and are enchased after the original purchaser signs 12 Askari Bank Limited the front of the RTC while a commission of Rs.
And internshi letter head pad is required. This is the most important one services which the bank is providing to their customer. This unique type of account is there to cater to the investment needs of individuals who need profits right away on their medium term investments and in doing so the customer receives the entire profit of their investment straight away at the time of placement. It offers customers the option Of investing for one and to three years. Lower rates of return: The recommendations that I would give to Askari Bank Limited as a result of my observation during my stay of 8 weeks are that: Askari commercial bank Ltd has the following categories of accounts: Askari Bank Limited has a very high degree of centralization in it with the lower staff having to ask the permission from the higher ups in every matter and can do nothing to resolve the problem of inyernship client on urgent basis and another problem internshup to this level of centralization is that it makes two way communication very ban.
Basharat Ali and Askarj Hassan Butt brief me about working of department no tasks were assigned to me as work there was complicated and errors were not accepted. However, we should not expect rapid sector development.
Clearing department is concerned with a system by which banks exchange cheques rrport other negotiable instrument drawn on each other within a specific area and secure payment for their clients through the clearing house at specified time. Yasir Shah was my supervisor and he guided me about working of this department which was very interesting.
It receives the deposits at low rate and gives the loan at higher rate. Final Askari Bank Report Hamza.
These kinds of customers always try to create problem for the bank. Earning per share is increased. T is used to conduct foreign remittances.
It should be minimizing so TL not exceed TA. As an internee I got to work babk four important sections of the bank namely deposits, bills and remittances, accounts and credit. In this department entire transaction take place through book of entry.
Failure to exercise this care may result in serious consequences not only for the banker concerned but also for the other bankers and general public.