Import operations of NRB Bank Limited

Abstract

Banking industry is the potential industry where the growth of a country depends a lot. In Bangladesh, banking industry is also very influential. This industry is very big in Bangladesh and holds many skilled employees. NRB Bank is one of the fourth generation private sector banks to have begun operations in 2013, where local meet global. Bringing together a passionate and entrepreneurial group of NRB investors from all over the world, NRB Bank aims to be the leading dedicated financial institution for NRB’s to invest in Bangladesh and for Bangladeshi individuals and corporate to access international market. NRB Bank offering Corporate, SME, Retail banking, NRB and Premium banking to meet the needs of a broad customer base. With a mission on building long term commitment with our clients, NRB Bank will be providing the right solutions that combine professionalism, expertise and financial strength, and aims to be the preferred provider of financial services. This report contains the aspects of the import operations of the NRB bank ltd. and how the Letter of Credit (LC) works. It contains the detail of NRB bank and its history, types of LC, issuing performance guarantor letter for tendering, document required for opening a LC, charges for opening a LC, total number of LC disbursement of NRB and problems during LC opening. At the very last portion in the report it has the necessary recommendation and conclusion on the basis of the relevant findings maintaining the report’s objective.