General banking system:a study on Agrani Bank Limited (Mohakhali Branch)

Abstract

Bangladesh Banking is one of those industries that helps the country immensely to have a solid image about the country not only nationally but also in global arena. At present in Bangladesh more than 47(forty seven) commercial banks are operating their activities along with 30(thirty) finance and leasing companies in Bangladesh. The country’s central Bank, Bangladesh Bank, controls and monitors the Banking Industry. Agrani Bank Limited (ABL) is set up in 1972. Probably one of the most old and known banks in our country.It is a state claimed bank framed by the piece of ex-Habib Bank ltd and ex- Commerce Bank ltd. Agrani Bank Limited is a bank with an Authorized Capital and Paid-up Capital of Tk.800.00 million and Tk.248.00 million separately. There are around 867 branches in which 10 branches are corporate. There are around 341 city branches and 526 rural branches. The top managerial staff is comprised of 11 individuals. The Chairmen and Directors are assigned by government. There are six areas of Agrani Bank Limited Mohakhali branch. These are Cash, computer section, account opening, clearing, Accounts and local remittance. Cash section collect cash and pay payment in cash, computer section posting the vouchers, account penning section open new accounts, clearing section deal with clearing function, account section prepare different statements. Here are few recommendations toward concerned authority for incapacitating the shortcomings of ABL which are using IT, bank should disregard the manual based operation, all divisions should be well decorated, staff and officers should speak polite and low voice and communicate more, Bank should introduce new product, Bank should do new techniques in terms of promotion rather than only experience on networking inside the bank. Various kinds of trainings also should be implemented in order to improve employee skill levels. There is many sectors of improvements that can be made. in this report I have find out some of the major flaws and also learned what makes this bank stil one of the most recognized banks even with its flaws