INTRODUCTION TO THE REPORT
Students of MBA are required to undergo an internship program of two months duration. This is an essential academic requirement. The internship is followed by comprehensive report writing, required to submit to the CBA department Gomal University DI Khan. This report is properly evaluated on the basis of its description and analytical capabilities by internal examiners. I did my internship in United Bank Limited Nowshera Cantt Branch.
2. PURPOSE OF STUDY:
The purpose of the study is to work in real life situation and learn banking practice by doing. In this context its objectives are: i. To analyze banking operations i.e. operational analysis, financial analysis.
ii. To develop concrete and feasible recommendations.
iii. To improve report writing skills.
3. LIMITATION OF STUDY:
It is to admit that the study attempts only those aspects, which are closely relevant to the purpose of the study. facts and figures, which otherwise might be equally important, but not having a direct bearing on the conclusions arrived at this study, have been ignored. The most important limitation from which the study suffers is the non-availability of information in a manner required for analysis and the secrecy of the bank. Another important limitation of the study is time and space constraint.
4. METHODOLOGY OF STUDY:
Both primary and secondary data were used in compilation of the report. Methodological tools used were: i. Primary Data:
➢ Personal Observations.
➢ Discussion with Bank Personnel.
ii. Secondary Data:
➢ Brochures/ Manuals of the bank.
➢ Annual Report
➢ State Bank Foreign Exchange Manual
➢ Bank internship reports on UBL available in library.
➢ Journals, newspapers and books.
5. SCHEME OF REPORT:
The report is divided into five sections as under:
Section-I consists of chapter 1, which includes background, purpose, scope, limitations, methodology and scheme of the report.
Section-II consists of two chapters (Chapter 2-3) and includes organizational review. In this section background history of UBL, its organizational structure; and department operations are discussed.
Section-III consists of chapter 4 and Chapter 5, which include operational and financial analysis of UBL respectively.
Section-IV summarizes the findings and recommendations of the study.
Section-V deals with action plan to implement the recommendations, identified in the previous section.
Chapter # 2
INTRODUCTION TO UBL
1. BANKING HISTORY:
CONSENSUS ON THE ORIGINATION OF WORD “BANK” IS NOT YET REACHED AT. SOME AUTHOR’S SAYS THAT THIS WORD IS DERIVED FROM THE WORDS “BANCUS” OR “BANQUE”, WHICH MEAN A BENCH AND THEY FURTHER RELATE BANKING BUSINESS INCEPTION TO JEWS IN LOMBARDY. OTHER AUTHORITIES STATE THAT THE WORD “BANK” IS DERIVED FROM THE GERMAN WORD “BACK” WHICH MEANS “JOINT STOCK FUND” AND LATER ON DUE TO GERMAN OCCUPATION OF ITALY, THIS WORD WAS ITALIANATED INTO “BANK. AUTHORS QUOTE BABYLONIANS (FEW QUOTES CHINESE) WHO DEVELOPED BANKING SYSTEM AS EARLY AS 2000. B.C1
2. banking in Pakistan:
BANKING STARTED IN PAKISTAN AFTER THE BOLD AND EMERGENT DECISION OF FORMULATION OF SBP (STATE BANK OF PAKISTAN) ON JULY 30, 1948. THEREAFTER THIS SECTOR HAS WITNESSED ENORMOUS GROWTH. IN 1974 BANKS WERE NATIONALIZED, IN THE HOPE THAT NEW ERA OF GROWTH COULD BE ACHIEVED THROUGH IT. HOWEVER THE PROCESS IS REVERSE SINCE 1991, UP TILL NOW MCB, ABL, AND UBL HAVE BEEN PRIVATIZED AND HBL IS IN THE PROCESS OF ITS PRIVATIZATION.
3. towards islamization of economy2:
INTEREST BASED TRANSACTIONS/BUSINESSES ARE “HARAM” IN ISLAM. THE GOP (GOVT. OF PAKISTAN) HAS SHOWN TO ELIMINATE “INTEREST” FROM ITS ECONOMY BY DEVELOPING VARIOUS ALTERNATIVES. TO ACHIEVE THIS OBJECTIVE VARIOUS EFFORTS ARE MADE WITH THE...