Activities of general banking, foreign remittance and loan advance of Uttara Bank LTD.

Abstract

I am Shilpi Ghosh (11304087) student of BRAC University. I have done my internship in Uttara Bank Ltd. My internship is in the General Banking Department. Throughout my internship, I had been working in different section of Uttara Bank. This report explains the “Activities of General Banking, Foreign Remittance And Loan Advance of Uttara Bank LTD. It is a bank that provides transactional, savings and money market accounts and that accepts deposits. Commercial banks are the deposits of individuals and business. The goal of modern banking system is to provide us with the primary contributors to the economy of the country. It is also profit making institutions that holds the best solution through consultation, design, superior hardware and software and ongoing professional support training. To keep pace with this situation, we need banking knowledge for future career. If we want to build our career in banking area, only theoretical knowledge would not help us. As internship program is established to gather practical knowledge regarding various sector of economy, I chose to get practical knowledge regarding banking sector and I select Uttara Bank as my organization to work. The duration of my program was 3mooths and during this period, I have learned many things. I observed that there is a great difference between theoretical knowledge and practical knowledge. I learned many terms, functions and nature of banking activities. I also get practical knowledge regarding organizational environment It covers the mission, strategy of the company and organizational structure, its functions and department of the company. Again I tried including some problems issues and industry analysis and the SWOT of the company. One important challenge that the banking sector is facing is the introduction of information technology in the banking system in an aggressive manner. This is required to improve management efficiency, reduce operational cost, improve customer services, and increase transparency. Hence, the banking sector would play a vital role in the development of the country and efficient and sound banking management would led the country to reach at the highest peak of success.