Report On General Banking Activities Of Janata Bank
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Bank is very old institution that is contributing toward the development of any economy and is treated as an important service in dusty in the modern world. 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. Modern Bank plays an important part in promoting economic development of a country. Bank provides necessary funds for executing various programs in the process of economic development. They collect savings from large masses of people scattered throughout the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the financial requirements. Main functions of banking department are the followings: Account opening system, Account section, Collection and clearing, Saving Bank Account, Current Account, Short Term Deposit Account. Local remittance Section: Pay order, Demand Draft, Telegraphic Transfer, Call Deposit Account. Janata Bank Ltd. also provides different types of DPS like monthly savings Scheme (MSS), Monthly Benefit Scheme (MBS). Janata Bank Ltd. provides the entire general banking facilities like LC, Clearing, and Forwarding, It also provide Loan for businessman. 1.1 Banking Scenario in Bangladesh
The March 1971 Bangladesh was a part of Pakistan known as East Pakistan. A nine month liberation war results in the creation of Bangladesh on 16th December 1971.At the end of the liberation war, the banking sector of Bangladesh as in totally disarray. With exception of two local banks incorporated in then East Pakistan, all the bigger local banks became in operational. Liberation war left these banks divided and without any corporate office to guide their Head office as located outside Bangladesh territory. The overseas banking
WWW.ASSIGNMENTPOINT.COM
Bank is very old institution that is contributing toward the development of any economy and is treated as an important service in dusty in the modern world. 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. Modern Bank plays an important part in promoting economic development of a country. Bank provides necessary funds for executing various programs in the process of economic development. They collect savings from large masses of people scattered throughout the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the financial requirements. Main functions of banking department are the followings: Account opening system, Account section, Collection and clearing, Saving Bank Account, Current Account, Short Term Deposit Account. Local remittance Section: Pay order, Demand Draft, Telegraphic Transfer, Call Deposit Account. Janata Bank Ltd. also provides different types of DPS like monthly savings Scheme (MSS), Monthly Benefit Scheme (MBS). Janata Bank Ltd. provides the entire general banking facilities like LC, Clearing, and Forwarding, It also provide Loan for businessman. 1.1 Banking Scenario in Bangladesh
The March 1971 Bangladesh was a part of Pakistan known as East Pakistan. A nine month liberation war results in the creation of Bangladesh on 16th December 1971.At the end of the liberation war, the banking sector of Bangladesh as in totally disarray. With exception of two local banks incorporated in then East Pakistan, all the bigger local banks became in operational. Liberation war left these banks divided and without any corporate office to guide their Head office as located outside Bangladesh territory. The overseas banking
References: 5.1 Conclusion It would not be appropriate to draw any definite conclusion right now. So the result of the study should be taken as indicative rather than conclusive. In the thesis, it is found that the branch provides all the conventional banking services as well as some specialized financing activities to the economy. General Banking is engaged in cash receipt and payment, Cheque clearing, local remittance etc. The amount of deposit in Elephant road branch is very high because Elephant area is big business area of Dhaka city. Loans and Advance department analyses the credit proposal and disburse credit if the proposal is sound. As specialized financing, it provides term finance to medium and small-scale industries. Foreign Exchange department of this branch is very efficient. Every day, this branch opens a lot of L/Cs. The Senior Principle Officer, Senior Officer of this department is sound. They can handle the work excellently. Thus by providing these various services the Elephant road branch of Janata Bank Ltd. is playing an important role in the banking system and in the payment system of Bangladesh.