General banking activities of Basic Bank

Abstract

Modern Banking presents an extensive variety of economic services and carries out the widest array of economic tasks of any business firm in the financial system which is a result improvement. Earning a good image of honesty to pact with money of the shareholders is the vital characteristic of banking process. Internship program assists to attain realistic understanding along with scholastic understanding. Study is not complete without realistic details, and it helps to recognize genuine situation of study. I have obtained knowledge on General Banking procedures by getting chance as an intern in BASIC Bank, worked there for three months as a prerequisite of internship part of MBA program under the Department of Business Administration of BRAC University. The chosen topic is “General Banking Activities of BASIC Bank.” In this report, I am focusing mainly on general banking of BASIC Bank. During the 3 months, the observation and learning part was too good. The observation regarding the banker – customer relationship is a major consideration for the bankers. Computerization of all branches of BASIC BANK Ltd is a very bold, positive and progressive step towards modern technology and in the race of survival. General banking operation includes general account’s opening, requirements of opening accounts, schemes, rate of interest on deposit, cheque clearing and bills department sections, collection section, local remittance department and customer services. Working with general banking division the most noticeable part was thee bank follows traditional system in case of handling day to day activities. The identification of the Strength, Weakness, Opportunities and Threats regarding general banking section which turned into problem identification regarding that particular section putted some recommendation relating to that problem in my recommendation section. Being the fast and computerized system general banking activities would be one of the major sources of fund mobilization. But it definitely depends on the employees relating with their efficiency those are engaged with providing regular services to the client on a regular basis.