Foreign exchange business of Rupali Bank Limited

Abstract

This report shows the present scenario of import, export and foreign remittance business of RBL. In this study two types of data were gathered - primary data and secondary data. Primary data collected from concerned managers of AD branches, FE officers of Authorized Dealer Branches, Valued Customer of FE Business and responsible person for international division of Rupali Bank Ltd. Primary data collected through structured questionnaire with easily understandable open ended form. Going through different document and papers, annual report, brochures, foreign trade financing manuals of RBL, web sites the secondary data is collected. It is found that the volume of import is better than foreign remittance and export business. All the branch of RBL are engaged for foreign remittance transactions that’s why volume of foreign remittance is satisfactory scale. From the above study it can be said that if RBL takes proper steps to for arranging easier way for inflow of foreign remittance and skilled manpower are placed for providing better service and then the inflow of foreign remittance will be increased significantly. High flow of foreign remittance assists the entire foreign exchange business. For export, invention of new product, diversification of traditional goods like jute, leather products searching new destinations providing direct or indirect incentives to exporters etc. are obvious for increasing export-remittance. On the other hand new customer needs to be finding out solving the existing problem to strengthen the FE business of RBL.