Abstract:
Banking system of Bangladesh has gone through three phases of development ¬Nationalization, Privatization, and Lastly Financial Sector Reform. Southeast Bank Limited (SEBL) incorporated as a Public Limited Company under Companies Act, 1994 on March 12, 1995.
While running practical orientation with SEBL, Motijheel Branch, I was placed in two vital departments. These were:
❑ General banking ❑ Credit
General banking is the starting point of all the banking operations. It is the department, which provides day-to-day services to the customers. It opens new Accounts, Issue bank drafts and pay orders, Clearing, Accounts etc. Providing quick and sincere services to the customer is the goal of the general banking department
Bank credit is an important catalyst for bringing about economic development in a country. Without adequate finance, there can be no growth or maintenance of a stable economy Southeast Bank Limited, being one of the largest private commercial bank of the country, has some prejudice to finance directly on priority basis to agriculture, industry and commerce sector for strengthening the economic base of the country. Hence, it is very clear that, SEBL Bank plays an important role to move the economic wheel of the country. Providing different sorts of credit and schemes, Trust Receipt, Bank Guarantee, Consumer Credit Schemes, Staff Loan-House Building, Advance PC, Bai-Muajjal (Commercial & Industrial), Hire Purchase Commercial & Real state (Hire Purchase Shirkatul Mielk), Quard against Deposit, Inland Document Bill Purchase, Foreign bill purchase and Discount.
