INTERNSHIP REPORT BANKING IN PAKISTAN Monetary policy and banking system play an important role in the development of all economic. is always presents quality of internship report on Askari bank limited accordance to all universities in Pakistan. Askari Bank Ltd (Islamic Banking Branch) Submittd by:Ailiya Rizvi BBA(Hons) Session: Department Of Management S.
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I offer my humblest thank to Allah and Hazrat Muhammad PBUH from the deep of my heart that always provide me guidance and blessings which are uncountable.
Final Askari Bank Report Hamza | Muhammad Sami Saeed –
This task was assigned to me by MBA Management and I complete this task with my full concentration and devotion. I have completed this repot with the help and support of many people who encourage and guide me in completion of my task.
I also acknowledge M. I greatly thank full to all these people who guided me at every step and provide me help in completion of my task. I am highly indebted to my course instructors who provided not only an opportunity to learn about practical work and its implementation but also guide me through email for its completion.
I am very great full to my Teachers who always helped me. I am also thankful to my beloved parents and all those people who support and guide me in the completion of my report. My internship duration in Askari bank limited was I had worked in MIS and Insurance department. In my report i describe my all information about my work in Askari Bank Limited. It was incorporated inPakistanonOctober 9,as public limited.
Currently it has branches and 4, employees. Askari bank deals with all kinds of banking like corporate and investment banking, consumer banking services and Islamic banking etc. I also learn about the statements of farm and non farm sectors and consolidation of data regarding these statements. I also discuss in my report products and service, business volume, competitors, ratio analysis and future aspects of Askari Bank.
I have learned many things during my internship program which enable me to mange my work properly and gave me confidence in decision making. In my opinion Askari bank limited perform its task very well and satisfy there employees and customers with full responsibility. Askari Bank Limited was incorporated inPakistanon October 9, as a public limited company, and is listed on theKarachistock exchanges.
The bank obtains its business commencement certificate on February 26, And started operations from April 01, Army welfare trust directly and indirectly holds a significant portion of the banks equity at the year-end. The bank has branches inPakistanand Azad Jammu andKashmirat the year-ended of As soon as a person opens an account with the bank, the banker customer relationship is established. In such situation this is advisable the banker should not open new accounts of unknown persons unless references regarding the integrity and responsibility of the purposed persons are obtained from respectable parties.
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. It is not sufficient to obtain the reference but its genuineness must also be verified. Deposit is a life blood of a commercial bank. Main function of a commercial bank is to channelize the saving from the savers to the ultimate user of funds.
Internship Report on Askari Bank Limited – PDF Free Download
The process of collecting saving is called Deposit mobilization. Thus foreign exchange is concerned with the settlement of international indebtedness, the methods of effecting the settlements and the instruments used in this connection, and the variation in the rate of exchange at which settlement of international indebtedness is made.
Askari bank has a good structure and it fulfill the requirements of the organization. It seeks to maintain high standards of services and ethics. Askari treats its employees equally and employee also carries out their responsibilities in a professional way. Bank achieve sustain growth and profitability in all area of the business. It also optimizes use of technology to strengthen the bank structure. It provides strategic solution to strength and weak areas.
The innovative product for this segment is best rated in the market. This department also achieved further refinement in back office processing including credit initiation, operation, and risk management, in line with the business dynamic and regulatory framework. ARBD remains proactively engaged with its stockholders for aggregation of services and improving and improving life standards of farmers through its distribution network, currently extended to 89 branches in the country.
The Askari Bank showed good and marked performance during year During this year bank showed excellent improvement over the previous year although non-conductive business conditions prevalent most of The bank was able to wisely manage the risk and returns although credit demand and continued stress on banking margins.
Also Askari bank is able to drive significant gains through active management of money market, equity and debt management portfolios. Key elements of strategies of Askari Bank are consolidation of business and operations. During greater focus on strengthening policies, workflows, process and controls. A technology transformation show that the bank has embarked upon is an advance and vast stage of implementation.
In near future benefits are expected in the form of improvement in service quality, customer offering, internal controls that will further reinforce the bank capabilities and readiness for future challenges.
Financially operating profit of the bank is almost same level of the last year. Share holders funds and earning per share are increased during this year. The bank capital adequacy ratio stood at a comfortable level. Islamic banking operation of the banks are now become the top players and it is sure that Islamic Banking will continue to maintain its rate of growth. The agricultural and rural department gain great significance by facilitating farmers with finance. Askari Bank is a very good bank on every point of view.
But I have some suggestions, which can add some inputs and beneficial in solving problems. During my internship I analyzed that there is need for the improvement of the working condition of branches, modern techniques of decentralization must be adopted.
Software should be provides to the division to access and consolidate the data of borrowers. Government should provide subsidies to borrower regarding insurance.
internship report on askari-bank
The rate of mark up is little bit high it should be reduce. Some of the authority askrai be delegated to the lower management and the staff, unto some extend. This will improve the confidence of the employees. According to financial point of view operating profit of the bank stood at the same level askadi of last year. Administrative expenses have increased. This rise is mainly due to the new branches opened during and askaei Earning per share is increased. The increase is mainly due to growth in net interest income and decline in provisions.
Banks debts are higher then equity so Bank should take further steps to improve the equity and reduce the debts. Askari Bank limited is currently adequately centralized. However, ensuring losses from declining asset quality and proposed acquisition could necessitate the need to inject the fresh capital into the bank.
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