MUSLIM COMMERCIAL BANK
Mr. Naveed Ahmed
Comsats Institute of Information Technology
I dedicate whole of my education along with my life to my beloved parents and respected teachers, who were always kind to me. May God Bless Them (Aamin).
TABLE OF CONTENTS
2. Introduction Of Bank
3. Types of Bank
4. Executive Summary of MCB
5. History of MCB
6. Vision & Mission Statement of MCB
7. Commercial Bank
8. Branches & ATMs 19
9. Product & Services21
10. Department in MCB25
11. Management Hierarchy28
12. Investment Banking
13. Know Your Customer
14. Remittance Department
15. Financial Statements
16. SWOT analysis
17. Work Performed By Me
Banking sector owes a pivotal importance in the economy of any country through its variant functions. This basic motivator that stressed me to join any bank for Internship Training. Moreover, the experience and practice learned during this tenure also prove very helpful and facilitating in the forthcoming professional life. This report is the result of two months Internship will, Muslim Commercial bank, Kot Fareed, Sahiwal. The motive behind selecting this bank is that it is one of the Top 10 Asia, Bank‘s. The fact remains that Muslim Commercial bank, posses an excel/cut and historical importance being the most senior and leading in terms fluids and services to Pakistan at all ages of life. I had with the strong belief that this report will guide and facilitate the readers to understand the functioning of banking system and more importantly have good knowledge about Muslim Commercial bank. My utmost efforts to elaborate this report wit, material read, listened and observed. Yet, I feel that this period was not long enough to learn and understand the complex and widespread functioning of banking sector. I am really thankful to the entire staff members of the aforesaid branch for the friendly and cooperative behavior during my internship. Muhammad Hussain
ell-developed banking setup plays very significant role in the economic development of a country. Banking sector is precondition for the development of any country. The banking sector helps in proper utilization of resources of the country by financing the less developed sector. It also helps to keep cumulative demand in proper balance with the supply of those resources, which are responsive to monetary demand.
DEFINITION OF BANK.
“A bank is an institution, which deals in money.”
I BROADLY SPEAKING
“Banks draw surplus money from the people who are not using it at that time, and lend to those who are in a position to use it for productive purposes.”
2 IN OTHER WORDS
“Bank also accepts the deposits from public repayable on demand or otherwise and withdrawal by cheques. Drafts order and include any post office saving bank.”
The word bank is said to have been derived from the Italian words “Bancus” or “Banque”. The History of banking is transacted to be as early as 200 B.C.
no one anybody. Corporate or otherwise can be a banker who does not: I Open current account
2 Pay cheques drawn on him
3 Collect cheques for his customers.
“A hanker is one who is in the ordinary course of his business, honors cheques drawn upon his by persons from and for whom he receives money on current account.”
ACCORDING TO THE BANKING COMPANIES ORDINANC, 1962:
“Banker means a person transacting the business of accepting, for the purpose of lending or investment, of deposits from the public, and withdrawal by cheques, drafts, order of otherwise, and inclined any post office saving banks.”
IMPORTANCE OF BANKING....