MGTI619 internship report on National Bank of Pakistan

Saturday, December 03, 2011

MGTI619 internship report on National Bank of Pakistan

Executive Summary

The report has been wrote on MGTI619 internship report (management)on National bank of pakistan.
The main purpose behind internship is getting practical knowledge and experience knowledge. University has given me task to do internship in any company, so for the sake of fulfillment of university requirement I did my internship in NBP branch at Mandi Bahauddin where I got much practical and professional knowledge from NBP staff. During my stay at this branch i have collected some primary data from my report. This report will show you my tasks which I performed during my internship, so vital part of report is Training programme, in which i have discussed my those takes which I performed according to managers instruction and guideline. I got training in
1. General banking
2. Cash Deptt
3. Credit Deptt
4. Deposit Deptt
5. Agri: Deptt
6. Remittance Deptt

Readers could also study my tasks in detail in my training programme portion. After this portion another important portion will be start, this portion contains all detail about NBP management functions that NBP presently performed as student of management I have focused my all attention at this portion and have wrote according to NBP management prospective. After this portion I have also written Critical analysis portion, in which portion I have represented my all true observation during stay in this branch. Another portion will start after the Critical analysis, which is SWOT analysis of the bank. These portions contain NBP strength, weakness, opportunity and threats; detail is available kindly read the SWOT portion. On the base of my finding, SWOT, Critical analysis, and my training programme, I have also written some necessary recommendation to improve weak areas.

Instead of this portion reads could study the National bank of History, its product lines, Introduction to NBP department.

Overview of the organization

As we know that the banking business is one of the most sensitive around the world. Banks play an important role in the economy and are considered the backbone of the economy of each country and Pakistan is no exception. Banks are custodians of the assets of the general masses. The banking sector plays an important role in the contemporary world of money and the economy. Influences and facilitates many different but integrated economic activities such as resource mobilization, poverty eradication, production and distribution of public finances.

All commercial banks were subordinated to political leaders and bureaucracy. Commercial banks thus lost their asset management balance, initiative and drive growth. Ceased to be a business concern and became large bureaucracies. Muslim Commercial Bank was the first bank privatization. Followed by Allied Bank Limited, United Bank Limited and Habib Bank Limited have been privatized.

Currently, the banking sector is to provide financial solutions to the masses is growing and becoming a strong partner in the development of Pakistan's economy, this potential growth has been different acquisitions in the banking sector, with Standard Chartered Union Bank most prominent.

Introduction to National Bank of Pakistan

The history of the National Bank of Pakistan is part of Pakistan's struggle for economic independence. National Bank of Pakistan was established on November 9, 1949 with the National Bank of Pakistan Ordinance 1949, in order to cope with the crisis conditions that developed after the stagnation of trade with India and the devaluation of the Indian rupee in 1949. Initially, the Bank was created with the aim of extending credit to the agricultural sector. The normal procedure for establishing a banking company under the Companies Law was set aside and the Bank was created by the enactment of an ordinance, due to the crisis that had developed with respect to the financing of trade in jute. The Bank commenced operations November 20, 1949 at six jute important then Pakistan, East and directed its resources in financing the jute crop.

Nature of the organization

National bank of Pakistan is affianced
in providing commercial banking and allied services in Pakistan and overseas. NBP is customer paying attention institution. It has developed a wide range of consumer products, to improve business and cater to the different segments of society. Bank's services are available to individuals, corporate entities and government.

Product lines of National bank of pakistan

1. NBP karobar
2. NBP cash and Gold
3. NBP Saibaan
4. NBP premium aamdani
5. NBP Kisan dost
6. Swift Service
7. Letter of Credit
8. Demand Draft
9. Mail transfer
10. Travelers Cheque
11. Short term investments
12. Commercial finance
13. International banking
14. Long term Credit of Fund
15. NBP and 1 Link ATM network