General banking activities of United Commercial Bank

Abstract

Modern Banking presents an extensive variety of economic services – particularly credit, funds, and payment 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 UCBL. I have worked there for three months as a prerequisite of internship part of BBA program under the Department of Business Administration of Brac University. I have chosen the subject “General Banking Activities of UCBL.” One of the first generation commercial banks in Bangladesh is UCBL which provides expert banking services and contributes to the social and economical development of the country. After initiation of business in 1983, it has been able to set up one of the biggest networks having 148 branches in different districts. United Commercial Bank Limited intends to play a primary role in the financial activities of the country. Through adapted service, inventive practices, vibrant advance and wellorganized administration, it has made a distinct mark in the area of private banking division by now. Through an imaginative credit policy, it is also decisively occupied in the improvement of business, trade, and production. General Banking is the main point of discussion in this report. So I discussed its diagnosis and necessity. 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. iv I have organized the report in the following way: In chapter –1, the introductory terms and purposes of the report, restrictions regarding the report, tactic and source of the study are described. In chapter – 2, describes the general situation of UCBL, including the history, the market share, support, diverse actions, branch network and administration hierarchy etc. In chapter – 3, represents the overall actions of general banking and its diverse products characteristic and services. In chapter – 4, UCBL’s financial position is described here. In chapter – 5, The internship positions, duties and learning points which have done in the UCBL are shown. In chapter – 6, The SWOT analysis of UCBL is described here. In chapter – 7,8,9 the last chapter, is all about ending, suggestions of the report and bibliography.