Abstract:
The principal reason of banks chartered by the government and the central bank is to make loans
to their customers. Banks are expected to support their communities with an adequate supply of
credit for all legitimate business and financial needs of consumer and to price that credit
reasonably in line with competitively determined interest rates. Indeed, making loans is the
principal economic function of banks to fund consumption and investment spending by
businesses, individuals, and units of government. How well a bank performs its function has a
great deal to do with the economic health of any region, because banking performance support
the growth of new businesses and jobs within the banks trade territory and promote economic
vitality. Moreover, bank loans often seem to convey positive information to the marketplace
about a borrower’s credit quality, enabling a borrower to obtain more and perhaps somewhat
cheaper funds from other sources.
This report explores IFIC Bank’s activities as one of the leading non-government organization.
This report contains information about all commercial activities that the bank deals with. I have
mainly focused on General Banking system of IFIC Bank Limited in this report.
General banking operation includes all the general activities performed by the bank. I have
discussed about different types of account holder and different types of account such as Saving
Account, Current Account, Fixed Deposit Rate (FDR), Pension Saving Scheme (PSS) & other
existing accounts with their rates and other activities of General Banking in detail.
