Impact on Sanchayapatra after budget declaration

Abstract

International Finance Investment and Commerce Bank Limited (IFIC Bank) is a full-fledged commercial bank in the banking industry. Government is holding its shares and some of the control to make sure legal journey in this industry. IFIC Bank provides its own schemes along with government’s instrument like Sanchayapatra. In this report, a brief company profile and basic information of Sanchayapatra are given to enlighten the audience of the report. To know the impact on Sanchayapatra, I conduct four objectives. Sequentially, the report contains those objectives by using proper methodologies. At first, the role of Sanchayapatra has been described in light of current condition of economy. This instrument becomes one of the important contrivances among the economy. However, excess demand and excess borrowing are two factors that become mandatory challenges for Sanchayapatra in current economy. The report explores the selling of Sanchayapatra of IFIC. The constant selling of Sanchayapatra is showed that people are getting it with major reasons. Before budget the selling was so rapid that showed the affect of declaration of cutting down the rates. Thus, IFIC faced high sale during the month of June. The report shows how some other attributes are influencing the selling of Sanchayapatra. Both perspectives customers and experts have shared significant opinion about controlling sales of Sanchayapatra. External factors those are making it unique, should have maintained carefully to sustain in a limit. The report is also suggesting improving rules against buying this instrument. In addition, challenges that IFIC bank currently facing are described from the practical experience of the experts. The struggle could be lessening for IFIC if government handles the matter strictly. To conclude the report, it shows the ultimate results of the impact of Sanchayapatra after budget declaration. Also, some recommendations are included at the last with a hope that necessary