Internship Report on Sonali Bank Limited on General Banking

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Category: Business and Industry

Date Submitted: 06/13/2013 05:39 AM

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After the end of Second World-war in fact to say the world is involved in another war called the trade war of achieving superiority over other countries through implementing the strategies of free market economy. The conference of GATT (General Agreement on Tariffs and Trade) to W.T.O. (World Trade Organization) with adopting new policies, the emergence of various region oriented economic organizations like NAFTA, SAFTA, ASEAN, APEC, G-8 etc. indicates that the 21st century will be the century of economic and business challenge.

Commercial Banks are one of the key contributors to the Bangladesh economy. The process of economic development requires the banking sector to operate efficiently and distribute the capital resources to the proper development agencies. People and the government itself are very much dependent on the services provided by these banks in the financial market. Commercial banks act as financial intermediaries by performing the function of mobilization the funds from one group and lending the same to another for the purpose of a reasonable amount of profit after meeting the cost of funding. So the objectives of a Bank can be looked at from three different perspectives of the key parties to the banking activities, these are the Bank owner, the Govt. and the bank customer.

Among other banks and as government owned bank Sonali Bank Limited is playing a good role in our economy through its various operations. Its general banking services, investment in several specified sectors and foreign exchange business is notable.

From the modest beginning, with an increase of responsibility and virtue of performance, Sonali Bank Limited, within a few years, emerged as the largest Nationalized Commercial Bank (NCB) in the country. The principal activities of the bank are providing all kinds of commercial banking services to the customers. It also performs Government Treasury functions as an agent of the Bangladesh Bank.

Primary Objective: