Making an internship is a portion of BS ( Business Administration ) class. The chief intent of internship is to acquiring practical experience of what we have learned from our through out class. I am pupil of practical university of Pakistan.
They are giving the best instruction and are offering for specialisation, fiscal, selling, human resource and information engineering and direction. And it is necessary to finish BS ( concern Administrative ) grade do six to eight hebdomad internship any organized organisation.I completed my internship Askari bank limited Gujar Khan Branch because it is the viing bank presents that provided good preparation to their internee.
It is best chances for me that I had learned to pattern it.
During my internship I found that Askari Bank Limited is the best bank in the part that provided best service in banking sector in Pakistan.During internship I have work assorted section of the Askari Bank Limited Gujar Khan subdivision ( 0108 ) such as Deposits, foreign Exchange OBC/Clearing/ Remittances, Accounts, Credits and ATM operation.
I clear my constructs to working with different section of Askari Bank Limited and the most importance thing that I have learn in my internship is how to cover with clients and how to retain them for long period.I describe in my internship study about the history of Askari Bank Limited and it merchandise and service, different section of bank at assorted degree employees, concern volume, history of Gujar Khan subdivision and working of different section of Gujar Khan subdivision and I besides describe the map of direction that perform by the top direction of Askari Bank Limited and the at the terminal of study I explain SWOT analysis and give some recommendation for betterment
Table of contents
Introduction of banking 31.1 History of banking in Pakistan 32. Overview of the organisation 42.1 Brief history 42.
2 Nature of the organisation 52.3 Business volume 82.4 Head office reference 92.5 Products Line 92.
6 Rivals 113. Organizational Structure 133.1 Organizational Hierarchy chart 133.2 Initiation of all section 153.
3 Remarks on the organisational construction 154. My Internship Activity Plan 154.1 Initiation of Gujar khan Branch 154.2 Employee of Askari Bank Gujar Khan Branch 164.
3 Get downing and stoping day of the months of my internship 164.4 Name callings of the Departments and Duration of Training 165. Training plan 17
Introduction of banking
Bank is a fiscal institute that deals with money and things that liquidity equal to paper money, which come of people and lends to other peoples, institute and corporation for personal and concern used on involvement. Its primary activities supplying fiscal service to client while addition plus value and making net income for their stockholder.
The first bank were establishes during the 3rd millenary B.C. Banks invent to cover with money. In the early age there was no construct of money in any signifier.
Initially banking sedimentation consisted of grain and some other goods that holding some value merely like cowss, agricultural implements and some metals such as gold coin that was little in size and easy to transport from one topographic point to other.
History of banking in Pakistan
At the clip of independency Pakistan there was 19 foreign bank operate in Pakistan with really little Numberss of subdivisions their constabularies and operation were controlled by abroad. These Bankss were entirely engaged in export and import of harvests from Pakistan. And there are merely two Bankss at the clip of intendance of Pakistan, Habib bank which was transferred its caput office signifier Bombay to Karachi after the proclamation of divider and one of the Australian bank which have been working in Pakistan districts to June 1947.
After independency it was non possible of authorities of Pakistan to put up the cardinal bank instantly. To decide the job the modesty bank of India worked as a cardinal bank of Pakistan boulder clay 30th September 1948. The authorities of Pakistan established ain cardinal bank 1st July 1948. The development in the banking sector of Pakistan was phase by stage and major stage are followingFirst stage ( 1947-1974 ) that know as Establishment of Commercial BankingSecond stage ( 1974-1979 ) that know as Nationalization of BankingThird stage ( 1979-1991 ) Introduction of Islamic Banking in PakistanFourth stage ( 1991-2000 ) Denationalization and deregulatingForm 2000 to nowadays
Overview of the organisation
Askari Bank Limited was established 19 twelvemonth ago since October 9, 1991, as a Public Limited Company, and is listed on Karachi, Lahore and Islamabad Stock Exchanges.
The Bank has got its concern beginning certification on February 26, 1992 and started working April 1, 1992 and engaged its banking concern harmonizing to the Companies Ordinance 1962. Askari Bank Limited continues bettering its all activities and operation with the base on balls of clip and acquire new highs in all countries of operations. Due to the high safety and security of depositor ‘s financess, high productiveness and optimal usage of engineering and its corporate strength AKBL earned international acknowledgment as Asia Money Award and the rubric of “ Best Commercial Bank of Pakistan ” in 1994 after the starting of 3 twelvemonth working and after one twelvemonth 1995, the Euro money declared the best domestic Bank of Pakistan.Askari Bank Limited has since expanded into a web of 235 branch/ bomber subdivisions, including 31 dedicated Islamic banking subdivisions and a sweeping bank subdivision in Bahrain.
A portion web 4401 online ATM covering all major metropoliss in Pakistan supports the bringing channels for client ‘s service. As at December 31, 2009 the bank had equity of Rs.16 billion and entire assets of Rs.314.
7 billion with 885,764 banking client serviced by 6442 employees.
Nature of the organisation
To be first bank of first pick in part
“ To be the prima private sector bank in Pakistan with an international presence, presenting quality service through advanced engineering and effectual human resource direction in a modern and progressive organisational civilization of meritocracy, keeping high ethical and professional criterions, while supplying enhanced value to all our stakeholders, and lending to society ”
To accomplish sustained growing and profitableness in all countries of concernTo construct and prolong a high public presentation civilization, with a uninterrupted betterment focal point.To develop a client -service oriented civilization with particular accent on client attention and convenienceTo constructing an enabling environment, where employees are motivated to lend to their full potencyTo efficaciously mange and extenuate all sorts of hazards built-in in the banking concern.To optimise usage of engineering to guarantee cost-efficient operations, strengthening of controls, efficient direction information system, enhanced bringing capableness, and high service criterions.
To pull off the Bank ‘s portfolio of concerns to accomplish strong and sustainable stockholder returns and to continuously construct stockholder value.To present timely solutions that best meets the clients ‘ fiscal demands.To research new avenues for growing and profitableness.
To comprehensively be after for the hereafter to guarantee sustained growing and profitableness.
To ease alliance of the Vision, Mission, Corporate Objectives with the concern ends and aims.To supply strategic enterprises and solutions for undertakings, merchandises, policies and processs.To supply strategic solutions to beef up weak countries and to counter menaces to net incomes.To place strategic enterprises and chances for net income.
To make and leverage strategic assets and capablenesss for competitory advantage.
Harmonizing to Askari Bank Limited fiscal one-year study 2009 the entire concern volume of bank are following.Table 1Business Volume
Quantity / AmountEntire No of Branches235Entire Islamic Branches31Off shore Branch1Sub Branch22ATM portion Network4401Entire Employees6442Entire Customers885764Entire equity16.0 billion in RsEntire Assetss314.
7 billion in RsAward and accomplishmentsOver 20 old ages of working Askari Bank Limited has achieved several awards for his public presentation.Entity EvaluationsAskari Bank Limited has got the AA+ and A1+ evaluation signifier Pakistan recognition Rating Agency limited ( PACRA )
Long term AA+
Definitions by PACRA
“ Very high recognition quality: ‘AA ‘ evaluations denote a really low outlook of recognition hazard. They indicate really strong capacity for timely payment of fiscal committedness. This capacity is non vulnerable to foreseeable events.
A asset ( + ) appended a evaluation, denotes position within evaluation classs.A1+ :Duties supported by the highest capacity seasonably refunds.Head office referenceAWT Plaza, The Mall,P.O.
Box No. 1084Rawalpindi-46000,Pakistan.Tel: ( 92 51 ) 9063000Facsimile: ( 92 51 ) 9272455Electronic mail: webmaster @ askaribank.com.
pkWeb site: www.askaribank.com.pkMerchandises LineAskari Bank Limited offers assorted merchandise and service harmonizing to the clients need and divided into different divisions such as consumer banking service, SMEs, single rescuers, husbandmans etc.
some of the merchandise and service that provide Askari Bank Limited are following
Following are the comprehensive merchandise bill of fare scope provides by Askari bank to their client at subdivision degree.Deposit Multiplier AccountMahanan Bachat AccountPaishgi Munafa AccountValue Plus DepositRepee Traveler ChequesRoshan Mustaqbil Deposit
There are two chief type of consumer banking that trades by Askari bank LimitedConsumer Banking MerchandiseConsumer Banking Service
Consumer Banking Merchandise
Personal Finance:Mortage Finance:Ask 4 autoAskcard ( Askari Debit Card )Master Credit Card
Consumer Banking Service
Internet Banking serviceElectronic Bill payment service:Cash Management Service:Investing Certificates:Call CenterStandard atmosphere
Agriculture Finance service
Agriculture finance service launch by specify for husbandmans to better their life manner for this intent Askari bank lunched a separate division Askari Bank Agriculture and Rural Business Divisions ( ARBD ) that offers following merchandise and serviceKissan Ever Green FinanceKissan Tractor FinanceKissan Aabpashi FinanceKissan unrecorded stock developmentKissan Farm Mechanization Finance
Islamic banking service
Islamic banking was launched under the trade name “ Askari Islamic Banking ” following are the merchandise and service that offer by Askari Islamic BankingIjarat Bi SayyarahHome MusharakahDeposit SchemesDeclared Weight AgesNet income rates
Corporate & A ; investing banking Service
Corporate & A ; investing banking service are specially designs for concern demand of part clients and seek to run into their outlook through provided customized and to make personal relational base service concern sector of different part of Pakistan.Corporate and investing banking Group ( CIBG )Corporate and investing banking Group ( CIBG ) farther divided into cardinal two divisionsCorporate Banking Division ( CBD )Investing banking Division ( IBD )
Corporate Banking Division ( CBD )
Corporate Banking has following merchandises and serviceWorking CapitalTerm loansStructured Trade FinanceLetterss of GuaranteeLetterss of CreditFund TransportationsBill DiscountingExport FinancingReceivable Discounting
Investing banking Division ( IBD )
BoundariesSyndicated loansStructured FinanceLeveraged BuyoutsUndertaking FinanceQuasi – Equity MerchandiseDenationalizationPrivate EquityEquity Underwriting & A ; PlacementAmalgamationsEquity De-ListingCorporate RestructuringAcquisitions Friendly / Hostile / Tactical bets
Alternate Delivery Channels
Internet ( I-NET ) BankingCall CenterAuto Teller Machine ( ATM )
Rivals are houses or organisation that provides the same merchandise and service in the same market at same clip. Askari Bank faces many of rivals that provided the same merchandise and services.
When competitions are increase other houses non merely supply the same merchandise and service but they besides at the same topographic point. I have observed most of the banking Branch side by side in different metropolis of Pakistan due to this there are tonss of opportunity to turn of client to other bank subdivision if you are non fulfilling client at his desire.These are the followerss Bankss that provided same merchandise and service that provided by Askari Bank Limited.MCB ( Muslim commercial Bank Limited )Faysal Bank LimitedHabib bank limitedBank Alfalha LimitedMeezan Bank LimitedBank of PunjabUnited bank limitedAl-Habib Bank limitedNational Bank of PakistanKSAB Bank limitedCity Bank limitedStander chartered Bank limitedBarclays Bank
Board of Directors
Audited accountCommitteeExecutiveCommitteePresident & A ;Chief ExecutiveCompanySecretaryChief CreditMilitary officerCountry Head Risk ManagementCountry HeadParticular AssetManagementExecutiveInchargePresident SupportCountry HeadCompliance & A ;DatasGroup HeadMarketing & A ;Strategic PlanningStrategic Planning& A ; EconomicResearchMarketing & A ;MediaService QualityAilmentManagementChief FinancialMilitary officerCountry HeadInternationalBanking3 RegionalForeign TradeUnit of measurementsCountry HeadHuman ResourceTraining & A ;DevelopmentChief InformationMilitary officerCountry HeadElectronicTechnologyCountry HeadRecognitionAdministrationHeadLegal AffairsChief InformationSecurity OfficerCountry HeadConstitutionGlobal TreasurerSweepingBank Branch- BahreinCountry Head Islamic BankingServicessIslamic BankingBranchsCountry HeadConsumer BankingServicessSecured AssetssMerchandisesUnsecuredAssetssMerchandisesGroup HeadCommercialBankingRegional GeneralDirectorCardinalRegional GeneralDirectorSouthCountry Head Agri.
& A ; RuralBusinessGroup HeadCorporate & A ;InvestingBankingCorporate HeadNorthCorporate HeadCardinalInvestingBankingCapital MarketOperationssGroup HeadOperationssCountry HeadAudit & A ; InspectionHazard directionCommitteeRegional GeneralDirectorNorthCorporate HeadSouthBoard MembersDirect Reports to the presidentBusiness FunctionsSupport FunctionsOrganizational Hierarchy chart
Board of Directors
Lt. Gen. Javed Zia ( Chairman )Lt. Gen.
Nadeem TajLt. Gen. ( R ) Imtiaz HussainMaj. Gen.
( R ) Saeed Ahmed KhanMr. Zafar Alam Khan SumbalDr. Bashir Ahmed KhanMr. Shahid MahmudMr.
Muhammad Riyazul HaqueMr. Ali Noormahomed Rattansey, FCAMr. Wazir Ali Khoja ( NIT Nominee )Mr. M.
R. Mehkari – President & A ; Chief Executive- Chairman
Dr. Bashir Ahmad Khan – ChairmanMr. Ali Noormahomed Rattansey, FCA
M. A. Ghazali Marghoob, FCA
KPMG Taseer Hadi & A ; Co. Chartered Accountants
Rizvi, Isa, Afridi & A ; Angell
Muhammad Tahir Mansoori
Chief Financial Officer
Mr. Saleem Anwar, FCA
Initiation of all section
Human resource sectionCredit DivisionSystem and operation divisionElectronic engineerings DivisionIT and Computer DepartmentCorporate and investing banking DivisionProcurement DepartmentAudit DivisionSelling DepartmentFinance DepartmentInternational DivisionTreasuryLegal DepartmentRisk Management Department
Remarks on the organisational construction
Askari Bank limited organisation construction are good manage and structured and under the supervising of top direction and lower degree direction flux the regulations and constabularies that made by top direction. Askari bank are traveling to centralise it all web now at clip it ‘s some determination are taken by lower degree direction. All sections are design in such a manner that achieves end and nonsubjective with in clip frame.
Askari bank construction is design to accomplish end and aim of bank and the organisation good bettering and heightening their twenty-four hours to twenty-four hours activities with the base on balls of clip and increase the employee coordination and occupation satisfaction.
My Internship Activity Plan
Initiation of Gujar khan Branch
As the demand to finish the grade of BS ( Business Administration ) to make internship in organized organisation for this I completed my internship in Askari bank limited Branch ( 0108 ) Gujar Khan. Askari Bank Gujar Khan Branch stared its working 27 December 2006 and easy achieves its mark that given by top direction and acquire really good repute in Gujar Khan Local market due its good client relationship and good behaviours with walking and lasting client. I have really good see to be a portion of Askari Bank limited For Six Week internship Program.
All staff member good and adequate experience in their ain filed of banking how to cover with clients and crate long lasting relationship with for achieve the organisational mark that set by top direction. Bank Staff member start working with the recite of Holy Quran.
Askari Bank limited B-iii-360/1, G.T.
Road Gujar Khan -Pakistan
Employee of Askari Bank Gujar Khan Branch
There are14 employees are working in Askari bank Gujar Khan Branch and 5 Security Guards. They names and rate are following.Table 2 Name of Employees
Designation and Department
Muhammad Ali Junjua( Branch Manager AVP )Kamran Ali Khan( Manager Operation )Mudassar siddique( OG1 ) in charge Deposit sectionGulrez Qadeer( OG1 ) in charge of hard currency section, glade, remittalShabbana Aurangzeb( OG2 ) in charge of Accounts section.Afsheen Altaaf( OG2 ) Assistant of Gulrez QadeerMohammad Ameen( OG2 ) in charge of IT section.Omar Inaam( OG3 ) Account opening officerAbdul Shakoor( COG3 ) CashierMohammad Jawad Kiyyani( COG3 ) CashierSyed Muntazir Imam Shah( Contractual ) Agriculture section.Mohammad Nadeem( Peon ) .Mohammad Saqib( Tea Boy )Mohammad Aurangzeb( Sweeper )5 Security guards are serving in the Askari bank Ltd Gujar Khan BranchArshad hussainSecurity guardNazaqat HussainSecurity guardkhalid HussainSecurity guardRab NawazSecurity guardNisar AhmedSecurity guard
Get downing and stoping day of the months of my internship
I was get down my internship 17-jan-2011 and completed 28-Feb 2011
Name callings of the Departments and Duration of Training
I have completed six hebdomads internship in Askari bank Gujar Khan Branch and I have got developing six different sections one hebdomad for each section.Account Department continuance of preparation is one hebdomadRemittance ; A ; Clearing/OBC entire continuance of preparation is one hebdomadForeign Exchange continuance of preparation is one hebdomadCredit section continuance of preparation is one hebdomadDeposit section continuance of preparation is one hebdomadATM Operation continuance of preparation is one hebdomad
Cite this A portion of BS ( Business Administration ) class
A portion of BS ( Business Administration ) class. (2017, Jul 05). Retrieved from https://graduateway.com/internship-report-of-askari-bank-ltd/