Internship Report

1. Banking plays a vital roll in the economic development of a country. Its importance of an economy is as important as a heart for the body. Credit plays the roll of blood in the economy and if there is any problem in the circulation of credit the economy may suffer and this circulation of credit is carried out by the banking sector. Credit expansion during recession and contraction during inflation bring about stability in the economy. For stable economy there must be stable money and capital market in flexible way and independent way. Combined with other economic policies of Govt. banking sector control economic evils inflation, deflation, recession, unemployment etc.

2. The purpose of this report is to analyze daily procedure of MCB. It is the part of banking sector of Pakistan, which plays its due role in combating the economics evils with 1020 domestic and 5 foreign branches. MCB has been launching different scheme from time to time to ease the job of businessman and hence ultimately contributing in the improvement of economy.

Report findings

MCB continuing its focus on consumer banking has provided consumers with innovative savings scheme, products and services. The bank ATM network is the largest in Pakistan and Pakistan rupee traveler’s cheque are the marker leaders. Beside MCB master card adding extra feature to already existence from a dedicated team of professional financial advisor for under writing project finance or corporate advisor service.

Hence bank has shown remarkable achievement in fulfilling up of all its objectives along with the targeted profit limits. At present the bank is considered with an efficient and largest network bank with high potential and committed team towards their respective task and responsibilities.

Some of the problems in the existing systems are:

 The management style of the bank is not domestic and lack of contribution of lower staff in decision making.

 The loan sanctioning process is too lengthy and need to...