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Saturday, 26 November 2011

Internship Report on “Practices on General Banking” A study on Jamuna Bank Limited Jubilee Road islami Banking Branch Chittagong

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Internship Report

on

 “Practices on General Banking”

A study on Jamuna Bank Limited Jubilee Road islami Banking Branch Chittagong

CHAPTER-One

1.1 INTRODUCTION:-

A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities. Banks are a fundamental component of the financial system, and are also active players in financial markets. The essential role of a bank is to connect those who have capital (such as investors or depositors), with those who seek capital.  Today’s world is changing very rapidly as new business are emerging by placing the old ones. Towards the end of century, people feel a growing uneasiness about the future. Many countries suffer from chronic high employment, a persistent deficit and deteriorating purchasing power. Like the other business, banking practices are also changing at an incredible pace. To deal with this changing environment infusion of professionalism into banking services along with proper diversification of products & services is essential.

Jamuna bank ltd(JBL), Jubilee road Islami Banking Branch, Chittagong is a bank of new generation and is one step ahead from other banks not only in making profit but also in serving people in an efficient way on the basis of Shariah. To meet the customer needs and demand, the bank has launched some lucrative products & services that show their deep orientation toward marketing philosophies.

General banking is the starting point of all the banking operations. It is the department, which provides day-to-day services to the customers. Every day it receives deposits from the customers and meets their demand for cash by honoring cheques. It opens new accounts, remit funds, issue bank drafts and pay orders etc. Because bank is a financial organization, so...