Bank is very old institution that is contributing toward the development of any economy and is treated as an important service in dusty in the modern world


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Bank is very old institution that is contributing toward the development of any economy and is treated as an important service in dusty in the modern world. Economic history shows that development has started everywhere with the Banking system and its contribution towards financial development of a country is the highest in the initial stage. Modern Bank plays an important part in promoting economic development of a country. Bank provides necessary funds for executing various programs in the process of economic development. They collect savings from large masses of people scattered throughout the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the financial requirements. Main functions of banking department are the followings: Account opening system, Account section, Collection and clearing, Saving Bank Account, Current Account, Short Term Deposit Account. Local remittance Section: Pay order, Demand Draft, Telegraphic Transfer, Call Deposit Account. Janata Bank Ltd. also provides different types of DPS like monthly savings Scheme (MSS), Monthly Benefit Scheme (MBS). Janata Bank Ltd. provides the entire general banking facilities like LC, Clearing, and Forwarding, It also provide Loan for businessman.

1.1 Banking Scenario in Bangladesh

The March 1971 Bangladesh was a part of Pakistan known as East Pakistan. A nine month liberation war results in the creation of Bangladesh on 16th December 1971.At the end of the liberation war, the banking sector of Bangladesh as in totally disarray. With exception of two local banks incorporated in then East Pakistan, all the bigger local banks became in operational. Liberation war left these banks divided and without any corporate office to guide their Head office as located outside Bangladesh territory. The overseas banking relationships with these banks were also shattered under such situation. Two local banks and a few branches of the then Pakistani banks were functioning in the country. Starting with such a humble and chaotic condition, the banking sector of Bangladesh has grown to a great extent.

In the middle of 2001 there were 52 scheduled Banks. But at the end of 2001, two foreign banks, “Standard Charted Bank” and ANZ Grind Lays Bank PLC” merged as standard Chartered Grind Lays



Indicators

All Banks

No. of Banking Branches

6,228

Deposits (Excluding Inter-bank)




a)Total Deposits:

1,000,026

Urban

820,300

Rural

179,726

b)No. of Accounts

31,002,627

Advances (Excluding Inter-bank)




c) Total Deposits:

835,963

Urban

736,566

Rural

99,396

d) No. of Accounts

7,599,515




  • Major Indicators of the Banking Sector of Bangladesh as on 31.12.2004

  • Amount in Million Taka (USD1=Tk. 58.80)


1.2 Background of the study:

The Internship is very helpful to bridge the gap between the theoretical knowledge and real life experience as the part of the Bachelor of Business Administration (BBA) program. This report has been designed to have a practical experience through the theoretical understanding. For the completion of thesis I have been placed in Bank named “Janata Bank Ltd.”. I decided to work on the practices of general banking activities of the bank. The report focuses on the practices of the general banking activities.

1.3 Objectives of the report:

The objective of the thesis is to familiarize students with the real business situation, to compare them with the business theories & at last stage make a report on assign task. The main objectives of this report are:

  • To complete the partial fulfilment of the requirement of MBA Degree

  • To know the general banking activities of Janata Bank Ltd. Ltd

1.4 Methodology:
To perform the study data sources are to be identified and collected, the data are to classified, analyzed, interpreted and presented in a systematic.
i) Primary Sources-

  • Face to face conversation with the official staff.

  • Practical deskwork

  • Simple Depth interview technique was used by asking number open-ended questions to collect the information.

  • Relevant file study as provide by the concerned officer.


ii) Secondary Sources:

  • Annual Report (2007, and 2008) Janata Bank Ltd.

  • Investment Manual (2007) of Janata Bank Ltd..

  • Website of the Janata Bank Ltd.

  • Various book articles about general banking activities.

1.5 Limitation:

The present study was not out of limitations. But it was a great opportunity for me to know the banking activities of Bangladesh specially Janata Bank Ltd.. The study carried on has the following limitations:

  • The main constraint of the study is inadequate access to information, which has hampered the scope of the analysis required for the study.

  • Some problems create confusions regarding verification of data.

  • The time is insufficient to know all activities.

  • It was very difficult to collect the information from various personnel for their job constraint.

  • As some of the fields of banking are still not covered by our courses, there was difficulty in understanding some activities.

  • Because of the limitation of information, some assumption was made. So there may be some personal mistake in the report.




Company Profile
2.1 Background of Janata Bank Ltd.:
Janata Bank Ltd. has its prosperous past, glorious present and prospective future. Established as the first private sector Bank fully owned by Bangladeshi entrepreneurs, JBL has been flourishing as the largest private sector Bank with the passage of time after facing many stress and strain. The member of the board of directors is creative businessman and leading industrialist of the country. To keep pace with time and in harmony with national and international economic activities and for rendering all modern services, JBL, as a financial institution automated all its branches with computer network in accordance with the competitive commercial demand of time. Moreover, considering its forth-coming future the Bank has been rearranging. The expectation of all class businessmen, entrepreneurs and general public is much more to JBL. Keeping the target in mind JBL has taken preparation to open new branches by the year 2000-2001.
The emergence of JBL in the private sector is an important event in the Banking area of Bangladesh. When the nation was in the grip of service recession, Govt. took the farsighted decision to allow in the private sector to revive the economy of the country. Several dynamic entrepreneurs came forward for establishing a bank with a motto to revitalize the economy of the country.

Janata Bank Ltd. was born as the first hundred percent Bangladeshi owned Bank in the private sector. From the very inception it is the firm determination of Janata Bank Ltd. to play a vital role in the national economy. We are determined to bring back the long forgotten taste of banking services and flavours. We want to serve each one promptly and with a sense of dedication and dignity.

The president of the people’s Republic of Bangladesh Justice Ahsanuddin Chowdhury inaugurated the bank formally on March 28, 1983 but the first branch at 48, Dilkusha Commercial Area, Dhaka started functiong on March 23, 1983.The second branch was opened on 11th May 1983 at Khatungong, Chittagong. Today we have total 76 Branches all over Bangladesh.

Considering the need for remittance by the expatriates Bangladeshis residing abroad the Bank during the year established drawing arrangement with the Pacific Bank Berhad, Malaysia (now May Bank), Security Exchange Company Limited, State of Kuwait and Dalil Exchange, State of Bahrain.

Our Bank invested 25% equity in Gulf Overseas Exchange Company LLC, a joint venture Exchange Company in Oman, operating since November 1985 under the management of our Bank. The Bank received Riyal Omani 12, 450 equivalent to TK. 1.74 million as dividend for the year 2000.

A representative Office was established in Yangon, Myanmar in October, 1996 by our Bank and obtained permission from the Government of Bangladesh to handle border trade with Myanmar. Opportunities are being explored for further business avenues there.

Now JBL is on line to establish trade and communication with the Prime InterJanata Bank Ltd.ing companies oh the world. As a result JBL will be able to build a strong root in interJanata Bank Ltd.ing horizon. Bank has been drawing arrangement with well conversant money transfer service agency “Western Union”. It has a full time arrangement for speedy transfer of money all over the world.

Banking is not only a profit-oriented commercial institution but it has a public base and social commitment. Admitting this true JBL is going on with its diversified banking activities. JBL introduced Monthly Savings Scheme, Special Deposit Scheme, Consumer’s Credit Scheme and Savings Insurance Scheme etc. to combine the people of lower and middle-income group.

2.2 Mission:

Efforts for expansion of JBL activities at home and abroad by adding new dimensions to their banking services are being continued unabated. Alongside, they are also putting highest priority in ensuring transparency, account ability, improved clientele service as well as to their commitment to serve the society through which they want to get closer and closer to the people of all strata. Winning an everlasting seat in the hearts of the people as a caring companion in uplifting the national economic standard through continuous up gradation and diversification of their clientele services in line with national and international requirements is the desired goal they want to reach.
2.3 Vision:

Ensuring highest standard of clientele services through best application of latest information technology, making due contribution to the national economy and establishing themselves firmly at home and abroad as a front ranking bank of the country are their cherished vision.

2.4 Objectives of the Bank:

  • Alongside up gradation and diversification of banking service to provide maximum satisfaction to the respected clients, nourishing saving habit among the general people by offering them attractive savings oriented products, thereby assisting economic development.

  • To build up a deep-rooted and harmonious banker-customer relationships by dispensing prompt and improved services to the clients.

  • Use the hard-earned investment of their valued shareholders. Simultaneously, play their due part in developing a vibrant capital market by ensuring more effective participation of the Bank in the share market.

  • To make best use of latest technologies for giving the clients a taste of modern banking so as to encourage them to continue and feel proud of banking with JBL.

  • Respond to the need of the time by participating in syndicated large loans financing, thereby expanding the area of investment of the Bank.

  • To gain confidence of all quarters involved in the economic development of the country through pursuance of a policy of continuous adjustment and coordination of the Bank’s external trade programmers with the dynamism inherent in the international trade and payments system.



2.5 Business goal:

To patronize, sponsor and encouraged games and sports, entertainment and other socio-economic activities alongside providing the best services to the client.

2.6 The Future Thrust:

  • Full duplex on-line Banking

  • Introducing more innovative products and services

  • Opening new branches

  • Expansion of business network at home and abroad

  • SMS Banking

  • Introduction of new liability/Asset products



2.7 Corporate Culture:

Employees of JBL share certain common values, which helps to create a JBL Culture.

  • The client comes first

  • Search for professional excellence

  • Openness to new & new methods to encourage creativity

  • Quick decision making

  • Flexibility and prompt response

  • A sense of professional ethics


2.8 Growth and Development of JBL:
The JBL carries out all traditional functions, which a commercial bank performs such as mobilization of the deposit, investment of funds, financing exports and import business, trade and commerce and industry. The bank earn profit TK 275.07 million in the year 1997 and TK 400.64 million in the year 2001. However profit decreased in the year 1999 TK 197.55 million than the year 2004 TK 36896.64 million at the end of the year 2004, total advanced made by the bank was TK 15055.90 million and TK 20223.64 million at the end of the year 1997 and 2004 respectively. Foreign exchange business handled by the bank; import business was TK 18082.40 million in the year 1997 and TK 19264.50 million in the year 2003 and TK 18964.45 million in the year 2004. Export business is increasing continuously that is TK 12651.80 million in the year 1997, TK 21869.00 million in the year 2003 and TK 23071.00 million in the year.

2.9 Structure of the organization

Moazzam hossain

Chairman

Zainul Haque Sikder

Director

Parveen Haque Sikder

Director

Prof. Mahbub Ahmed

Director

Zakaria Taher

Director

Ron Haque Sikder

Director

Rick Haque Sikder

Director

Mabroor Hossain

Director

A K M Enamul Hoque

Director

Lt. Col.(Rtd) Md. Azizul Ashraf,Psc

Director

Capt. Abu Sayeed Monirs

Director

Salim rahman

Director

S M Shameem Iqbal

Director

Md. Abdur Rahman Sarker

Managing Director




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