Economic history shows that development has started everywhere with the banking system and its contribution towards financial development of a country is the highest in the initial stage. Schumpeter (1933) regarded the banking system as one of the two main agents (other being entrepreneurship) in the whole process of development. Keynes also emphasized the role of banking services in the process of economic development of a country, while SHE was addressing the House of Lords regarding International and Monetary System (quoted in Sharma 1985). Moreover Alexander Gerschenkron (1962) in his popularly known “Gerschenkron’s Hypothesis” explained the banking system as the key role player at certain stage of the industrialization process. Modern banking system plays a vital role for a nation’s economic development. Over the last few years the banking world has been undergoing a lot of changes due to deregulation, technological innovations, globalization etc. These changes in the banking system also brought revolutionary changes in a country’s economy. Present world is changing rapidly to face the challenge of competitive free market economy. It is well recognized that there is an urgent need for better, qualified management and better-trained staff in the dynamic global financial market. Bangladesh is no exceptions of this trend. Banking Sector in Bangladesh is facing challenges from different angles though its prospect is bright in the future. The course under B.B.A program designed with an excellent combination of theoretical and practical aspects. The whole course is divided into eight (8) semesters of 6 months each. After the completion of 8th semester consisting of theoretical exposure, the students are sent to different organization to obtain some practical exposure in different sectors which would help them in taking up more professional courses in M.BA. As a student of B.B.A, I have assigned to B.B. Avenue branch, The City Bank Ltd. for my internship. As MY program director directed us to present the report in different way that will be based on the personal observations from each department. I have described each department I have worked in by following way: (1) Understanding:
In this part I have tried to make acquaintance with the departments I have worked of this branch. (2) Things are done here
In this part I have tried to see the things what are being done in each department of the branch. (3) Personal observations:
In this part I have tried to present my personal observations from each department of this branch. I had an opportunity to be acquainted with the practical banking prevailing in Banga Bandhu Avenue Branch, The City Bank Ltd. The knowledge, which has been acquired in my Internship Period, I have tried my level best to show in this report. 1.2 Work schedule
NAME OF THE DEPARTMENTFROM
NUMBER OF DAYS
Credit department19-06-06Till now
Schedule Source: Suggested by Branch Manager, City Bank Ltd, B. B. Avenue Branch.
1.3 Objectives of the study
The objective of the study is to gather practical knowledge on banking system and operation. This internship gives us a chance to co-ordinate with the theoretical knowledge and the practical experience. The following are of objective for internship in bank: •To apply theoretical knowledge in the practical field.
•To have exposure to the functions of general banking section. •To analyze the service procedure of Prime Bank Ltd.
•To know the banking operation.
•To know the area of General Credit.
•To know the process of loan disbursement.
•To know the process of loan collection.
•To know the documents of credit.
•To know the import & Export finance procedure.
1.4 Coverage of the study
In this report, three major areas in commercial banks have been covered which are: (a)General banking section.
(c)Foreign exchange section...