Remittance operation and associated risk: a study on Dhaka Bank Limited

Abstract

Bank is a financial institution which helps to provide financial services like receives, collects, transfer, pays or invests money for customers. It is proving services to individuals, corporations and private agencies. Now a day, bank is also helping in another thing. And that is remittance. For shake of better life and livelihood, lots of Bangladeshi goes to foreign countries like UAE, USA, Saudi Arabia, Kuwait, OMAN and many other countries of the world. They send remittance from those countries and helping our countries to get economic strength. NRBs are sending remittance to banks and helping of lots of exchange houses. Dhaka Bank Limited also known as DBL is a public limited company. This company was incorporated in July 5, 1995. It is pioneer in banking sector. Its network has covered whole country as it has 87 branches and they have reached all the main districts, metropolitan cities and even in villages. They believe in excellence. DBL is playing significant role in collecting remittance from NRB. They have made it possible for remitters to send their remittance to their family and friend with easy and safe way even in remote areas. In this report, I have tried to describe about company profile and their contribution to our economy. I also describe about their product and services. I talked about my internship experience. I have given some work list that I was doing in the time of my internship. At last, I have recommended some points which should be solved. In this report I tried to describe about remittance unit of DBL. How they do their work, what are the tools that they use and what kind of facility they are given I have discussed. I talked about Banglalink mobile facility. I have shown and given comparison of four years (2011-2014). I also give the structure of remittance unit. I have find out some risk. Furthermore, I have given some recommendations of some problems. In addition I have tried to do this within my scope and knowledge. It was magnificent real life experience that I tried to uphold in this report by observing works of DBL.