Internship Report
On
Foreign
Exchange Management of Janata Bank Limited
Partial Fulfillment of MBA Degree
Department of Accounting
XYZ University
Internship
Report
On
Foreign Exchange Management of Janata
Bank Limited
Submitted
To
Department of Accounting &Information System.
Faculty of Business Studies
Jagannath University
Supervised By
xxxxxxxxxxxxx
Lecturer
Department
of AIS
Jagannath
University
Submitted By
yyyyyyyyyyyyyyyyyy
Exam ID. 084813
Session: 2007-2008
MBA 2nd Batch, Sec-E
Department of AIS
Jagannath University
Date of Submission
February 27, 2012
LETTER OF TRANSMITTAL
February 27, 2012
Niluthpaul Sarker
Lecturer
Department of AIS
Faculty of Business Studies
Jagannath University
Subject: Submission
of Internship Report.
Dear Sir,
With
great pleasure I
would like to express my profound
gratitude to you for assigning me to present the internship report on” Foreign Exchange Management of
Janata Bank Limited”. This was assigned to me a practical
requirement of the internship program-a prerequisite for the completion of the
MBA program.
I am also very much grateful to Almighty
Allah because he gave me patience to complete my internship program smoothly
and to prepare this report.
I hope and sincerely believe that this report will able to serve the
purpose of my internship program. However,
I shall not claim that this report is flawless and
very exclusive one. But I have put my best report to
overcome my shortcomings and prepare the report to the best of my ability.
I hope that you will consider any mistake favorably. Thank you again for valuable direction and cooperation.
Sincerely Yours,
Mehedi Hasan
Patwary
Exam ID. 084813
Session: 2007-2008
MBA 2nd Batch, Sec-E
Department of AIS
Jagannath University
ACKNOWLEDGEMENT
I have the honor to express my sincere gratitude to my honorable
teacher Niluthpaul Sarker for his guidance during my internship and for his
available suggestions, which helped me to write this report.
I am thankful to the Internship Placement Chairman of Department of AIS
for providing me with the opportunity to work in Janata Bank Limited, where I
learned practical knowledge about banking.
I am also grateful to Mr,SK. Haidat Hossain, Deputy General
Manager of JBL. My sincere thanks are extended to Mr, Abdur Rob First
Assistant General Manager, Foreign Remittance department, Ali Ashraf Siddique,SEO,computer.
Without the guidance of these bank officials, the completion of this report
would not have been possible.
Mehedi Hasan
Patwary
Exam ID. 084813
Session: 2007-2008
MBA 2nd Batch, Sec-E
Department of AIS
Jagannath University
Executive
Summary
Janata Bank
Limited s(JBL) is one of the best names in the banking industry of Bangladesh.
It has been leading the in the banking industry with its distinct products and
excellent services. Technology
and competition have made this sector more competitive. JBL put emphasis on
meeting this continuous challenge of managing relationship significant
achievements by their experts and experienced management team.
JBL is very fortunate to have a
strong senior management team. They are committed to the continued
implementation of sound strategic programs. It focuses on creating a culture
that places importance on integrity, caring and excellence. JBL value closes
relationships with each other. At the same time it brings the decision making
authority close to the customers to give them the best service available. JBL
will continue to reinforce the efforts to meet the needs and expectations of
its customers. JBL are setting goals and challenges for its employer to respond
to customer needs; JBL want to differentiate itself from its competitors’
through flexible and personalized services.
To conduct my study I have collected
data from annual
reports, respective department of head office, last annual meeting report.
However information has also been collected from primary sources by
interviewing the respective department’s Officers and Deputy General Manager of Overseas Banking Department.
With the changes in business
environment, the ways of doing business is also changing. The competing banks are aggressively
developing new products, which will facilitate the purposes of their clients.
But JBL’s R&D division is weak comparing with other commercial banks. If JBL
don’t develop new products to provide more facilities to the clients they may
well be bitten by competitor banks and may lose clients to other banks. This
may seriously hamper the profitability of JBL.
Table of Contents
|
Chapter
|
Particulars
|
Page no
|
|
LETTER OF
TRANSMITTAL
|
III
|
|
ACKNOWLEDGEMENT
|
IV
|
|
|
Executive Summary
|
V
|
|
|
Chapter one
|
Introduction
|
1
|
|
1.1 Introduction
|
2
|
|
|
1.2 Origin of the
Report
|
2
|
|
|
1.3 Objectives of the
report
|
3
|
|
|
1.3.1 Broad objective
|
3
|
|
|
1.3.2 Specific Objectives
|
3
|
|
|
1.3.2 Specific
Objectives
|
3
|
|
|
1.3.2 Specific
Objectives
|
3
|
|
|
1.4 Scope of the report
|
3
|
|
|
1.5 Rationale of the
study
|
3
|
|
|
1.6 Limitations
|
4
|
|
|
Chapter Two
|
Methodology
|
|
|
2.1 Techniques of
Analysis
|
6
|
|
|
2.2 Data Required
|
6
|
|
|
2.3 Sources of Data
|
6
|
|
|
2.3.1 Sample
Information
|
6
|
|
|
2.3.2
Primary Source of Data
|
6
|
|
|
2 .3.3 Secondary
Sources of Data
|
6
|
|
|
Chapter Three
|
Organizational Profile & Foreign
Exchange Department
|
|
|
3.1 Organizational Profile
|
8
|
|
|
3.1.1
Historical Background of JBL
|
8
|
|
|
3.2 Objectives of the
organization
|
8
|
|
|
3.2.1
Mission
|
8
|
|
|
3.2.2 Vision
|
8
|
|
|
3.3 Services of the
organization
|
9
|
|
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3.3.1 Bills
Collection
|
9
|
|
|
3.3.2 Payments made on behalf of Govt.
|
9
|
|
|
3.3.3 Services
Areas
|
10
|
|
|
3.4 Organizational
structure
|
12
|
|
|
3.4.1 Management
Aspect
|
12
|
|
|
3.5 Future plans of the
organization
|
14
|
|
|
Foreign Exchange Department
|
||
|
3.6 Introduction
|
14
|
|
|
3.7 Opening Letter of
Credit (L/C)
|
15
|
|
|
3.7.1
Procedure of opening the Letter of Credit
(L/C)
|
15
|
|
|
3.7.2 L/C
Application Form (L/CAF)
|
16
|
|
|
3.7.3
L/C Authorization Form (L/CAF)
|
17
|
|
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3.8 Securities of L/C
|
19
|
|
|
3.9 Export
|
20
|
|
|
3.9.1 Formalities of
Export Procedure
|
20
|
|
|
3.9.2
Disposal of Export procedure
|
21
|
|
|
3.10 Import
|
23
|
|
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3.10.1
Import procedure
|
23
|
|
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3.10.2 Payment Modes
|
24
|
|
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Chapter Four
|
Analysis and Findings
|
|
|
4.1 Export Finance
|
27
|
|
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4.1.1
Details Commodity Wise Export
|
28
|
|
|
4.1.2 Export Target
& World Economic Crisis
|
33
|
|
|
4.1.3
National and Janata Bank Limited's Export Performance
|
35
|
|
|
4.1.4 Comparison of
Export of 2009 with Public Banks
|
37
|
|
|
4.2 Import Finance
|
38
|
|
|
4.2.1 Commodity wise Import of Janata
Bank Limited
|
38
|
|
|
4.2.2
Import target and achieve in last 3 years
|
41
|
|
|
4.2.3 Contribution of
Janata Bank in National Import
|
41
|
|
|
4.2.4
Income from Import
|
41
|
|
|
4.2.5 Contribution to
National Import of JB in last decade
|
42
|
|
|
4.3 Foreign Remittance
|
44
|
|
|
4.3.1 Country wise remittance of Janata
Bank Limited
|
45
|
|
|
4.3.2 Wage Earners' Remittances of Nation
|
47
|
|
|
4.3.3 Foreign Exchange
and Foreign Trade of JB
|
50
|
|
|
4.3.4
Problem of Foreign Exchange in Bangladesh
|
51
|
|
|
Chapter Five
|
Conclusion
|
53
|
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