1.0 INTRODUCTION PART
1.1 Origin of the Report
This internship report entitled “Banking Practice & Guiding Laws thereof: NCC Bank Perspective.” has been started at the November 2011 under the instruction of our honorable intern supervisor & instructor Syed Shamsir Hossain. Asst. Vice President & Manager for the partial fulfillment of the requirement.
1.2. Objectives of the report
Main objective of the report is to analyze the “Banking Practice & Guiding Laws of NCC Bank Ltd.” Moreover, the study also embodied the following specific objectives: 1)
To study the existing operations/activities of General Banking Section 2)
To study the existing operations/activities of foreign exchange section. 3)
To study the existing operations/activities of loans and advance section.
1.3 Methodology of the Study
The methodological section of the study is designed as data collection: Methods of Data Collection
The report was fully exploratory in nature. Data have been collected from both primary and secondary sources.
Primary sources of data
Face to face conversation with the bank officers & staffs. •
Informal conversation with the clients
Secondary sources of data
Different manuals of NCC Bank Limited
Different circulars of NCC Bank Limited
Annual report of NCC Bank Limited, (2008-09-10)
Prospectus of NCC Bank (2010)
1.4 Limitation of the Report
The present study was not out of limitations. But as an intern it was a great opportunity for me to know the banking activities of Bangladesh specially NCC Bank. Some constraints are appended bellow:
The main constraint of the study is inadequate access to information, which has hampered the scope of analysis required for the study. As it is a new bank it could not start all its operation, it was unable to provide some formatted documents data for the study.
Every organization has their own secrecy that is not revealed to others. While collecting data i.e. interviewing the employees, they did not disclose much information for the sake of the confidentiality of the organization.
Since the bank personals were very busy, they could provide me very little time.
Another problem is that creates a lot of confusions regarding verification of data. In some cases more than one person were interviewed to clarify each concept as many of the bankers failed to provide clear-cut idea about the job they perform.
NATIONAL CREDIT AND COMMERCE
2.0 NATIONAL CREDIT AND COMMERCE BANK LTD.
NCC Bank Limited is a new generation bank. It is a scheduled bank under private sector established under ambit of Bank Company Act, 1991 and incorporated as Public Limited company act, 1994 on 17th May 1993.Prior to conversion into a scheduled commercial bank; National Credit Limited (NCL) was incorporated as public limited investment company in Bangladesh on 18th November 1985. It made its journey with a modest beginning on 25th November 1985 at its registered office and first branch at 7-8 Motijheel Commercial Area, Dhaka-1000. The initial Authorized Capital of the company was 30 (Thirty) crore consisting of 30 (Thirty) lac. Ordinary share of Tk. 100/- each. A new opportunity in this field of financial activities was opened for the business. NCL made a careful journey and maintained its successive growth for few years with its qualified professional management under most unpredictable, unregulated, uncertainties and limitations.
The emergence of NCC Bank Limited at the Juncture of liberalization of global economic activities, after the URUGUAY round has been an important event in the financial sector of Bangladesh. The experience of the prosperous force and the strategic operational policy is...
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