...Prime Bank Limited Prime Bank Limited (PBL) is one of the Bangladeshi private banks, which was incorporated on 17th April 1995 with Tk. 1000 million of authorized capital & Tk. 100 million of paid up capital by a group of successful entrepreneurs. It is not only a conventional Bank. It’s a modern, dynamic private commercial bank & plays a constructive role in the economic development of the country. Prime bank is the first private bank to introduce lease finance, Hire purchase & customer credit schemes along with Islamic banking services in the banking sector in order to bring about qualitative changes in the lives of people of Bangladesh. PBL through its steady progress & continuous success has, now earned the reputation of being one of the leading private sector Banks of the country. The bank offers all kind of Commercial corporate and Personal banking service covering all segment of society within the framework of Banking Company Act, rules and regulation laid down by our central bank. Prime Bank Ltd. is determined to explore the different ways to accommodate with the needs of its clients. One of these ways includes Foreign Exchange Operation and transactions which offer customers a medium of doing business globally with minimum risk associated. Prime Bank Ltd. has already made significant progress within a very short period of its way of life. Vision: Every Company has their own vision. By fixing vision, they can set their future growth. Prime Bank Ltd....
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...of the acts |Outcomes of the acts | |1933 glass steagall act: |There was a need to curb and control the |This act separated investment and commercial | |The Glass-Steagall Act, also known as the |activities of investment banks and commercial |banking activities. | |Banking Act of was passed by Congress in 1933|banks. |Prohibited commercial banks sales of | |during a nationwide commercial bank failure |To get rid from the Great Depression of the |securities | |and the Great Depression. Two members of |economy. | Created the Federal Deposit Insurance | |Congress put their names on what is known |Commercial banks were accused of being too |Corporation (FDIC), which insures bank | |today as the Glass-Steagall Act (GSA). |speculative in the pre-Depression era, not |deposits with a pool of money appropriated | | |only because they were investing their assets |from banks. | | |but also because they were buying new issues | Public confidence was restored by the act in | | |for resale to the public. |banking practices of U.S. government...
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...History of the Bank The importance of financial intermediaries in the development of the overall economy of country cannot be described in short. From the inception of the civilization the banking sector dominate the economic development of a country by mobilizing the saving from the general people and channelling those saving for investment and thus economic development and growth. The importance of commercial banks after the ravage of the liberation war to develop a better economy was severally needed and it is needed now and will be required in future also. In time to time Government of Bangladesh agreed to permit the private commercial banking in the country. To fulfil the demand as well as to improve the commercial banking service in our country, The Prime Bank Limited is scheduled bank that was incorporated under the Companies Act 1994, started its operation on April 17, 1995 with a target to play the vital role on the socio-economic development of the country. It availed its registration as a banking company under the Banking Company Act 1993 from the Bangladesh Bank dated February 12, 1995. The bank started to make profit from the inception year. It was made possible for its management and the leadership of the first Managing Director Mr. Lutfur Rahman Sharker, Ex -Governor, Bangladesh Bank. Within a short time the bank has been successful in positioning itself as progressive and dynamic financial institution in the country. The is now widely acclaimed by the business...
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...Commercial Bank Management (Loan Evaluation) Ericka Briones Unit 1 September 22, 2015 University of Dallas Commercial Bank Management (Loan Evaluation) The main key players in the situation includes Sally, commercial loan officer, Jack financial analyst and Quality Foods Inc who was the client seeking a short loan in the bank. All the stakeholders have certain issues at stake after the approval of the loan in spite of Jack skepticism. Jack had an opportunity to show his independent ability to identify financial situation of a company. In contrast, Jack could have adversely affected his relationship with his mentor, Sally. Sally’s reputation and credibility was at risk if Jack was to report the case to the senior managers. In terms of Quality Foods Inc, the company would be unable to secure the short-term loan request to finance its current investments and projects. The relationship of the company and bank would have also been affected if the Jack reported that the company had included the operating leases in the balance sheet. Jack who is the main character is this case can use his knowledge and ability to understand the implications of operating leases on the financial situation of the company influence Sally to reconsider his decision. Other characters including independence and confidence in his strong judgment on the current situation of approving Quality Foods Inc loan request (Koch & MacDonald, 2014). The main character, Jack must...
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...Project Management in Banks: a Case Study A Project Management approach to Service Delivery within the Financial Services Sector; A case study of CAL BANK 1.1 Background The competitiveness of service business is contingent, at least in part, on the design and configuration of quality service delivery and the value proposition inherent in such services (Frei and Harker, 1999; Johnston and Clark, 2005; Verma et al., 2002). Therefore,congruence high level of alignment between a service experience and value for money is crucial for success of all organizations. From this perspective, a study aimed at investigating how project management can be successfully applied to service firms (banks) to lead to quality service delivery for customers is highly justified, as customers are the life blood of any organization. Indeed, several empirical studies suggest that firms achieve higher levels of profitability and performance through successful implementation of project management (PM) (Sauser et al, 2009; Lockett et al, 2008; Chin, 2004; Atkinson et al, 2006; Alleman, 2008; Gallo and Gardiner, 2007; Fernandez and Fernandez, 2009). Moreover, project management has been proven to have the ability to enhance flexibility, remove bureaucracy and also to create room for adaptability (Gomes et al, 2008; Lockett et al, 2008; Lord, 1993). Similarly, the argument for providing quality service has far been advanced by many scholars both in marketing and management circles. For example, Heskett...
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...Central banks are under increasing scrutiny over their performance, their costs and the extent to which they employ modern management practices. Yet while performance management techniques are widespread in the commercial sector, it is difficult to apply these directly to central banks. This article begins by setting out what is involved in performance management and discusses some of the problems that occur in applying them to central banking. In a second section, some examples of best-practice activities in performance management are considered. It is hoped that this will open a debate about performance management - a debate to which all central banks are invited to contribute1. Performance management in modern organisations is concerned with outcomes (results), outputs (products) and inputs (activities) in that order. It should be concerned with improving the efficiency and effectiveness of the conversion processes between each level of the orgnaisation, and it needs to take account of the degree to which the organisation is conditioned by, or able to control, its environment in seeking to achieve its objectives. What then are the problems with applying performance measurement to central banks? This article groups them into three. First, central banks have to satisfy multiple stakeholders, outcomes and outputs; second, perverse results can arise from pursuing some measures at the expense of others; and third, there are few comparators to turn to for guidance. From a...
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...Executive Summary Eastern Bank’s tagline is “Simple Math”. But it is not so simple to serve the borrowers with the right package. A bank’s major liability is to deliver significant returns to their depositors. Unlike returns to shareholders, this return is promised. Unless delivered, depositors may take back the return with a vengeance; bankrupting the bank in the process. The banks developed various form of debtor selection processes to protect themselves against depositors grudge, i.e. delinquency of borrowers. CRG (Credit Risk Grading) and CRR (Credit Risk Rating) together makes one of those processes. This report is titled “Predicting Delinquency of EBL’s Corporate Customers.” EBL is one of the leading private commercial banks of Bangladesh. After starting its operation in 1992, the bank established itself as one of the most technologically advanced banks of the country. EBL has been offering diverse portfolio of products to its customer. CRG process is a borrower selection process advised by Bangladesh Bank. Private commercial banks in Bangladesh use CRG to predict the possibility of delinquency in the form of CRR. EBL uses the same process. This report first develops a model to test the CRR against financial data of a firm. Data obtained from 35 borrowers of EBL were used to run a linear regression taking CRR ratings of respective firms as dependent variable. Running the regression, the model shows that CRR of a firm does not reflect the firm’s financial data properly...
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...OVER VIEW OF THE BANK Janata Bank Limited, one of the state owned commercial banks in Bangladesh, has an authorized capital of Tk. 20000 million (approx. US$ 250 million), paid up capital of Tk. 11000.00 million, reserve of Tk.17234 million. The Bank has a total asset of Tk. 508567 million as on 31st December 2012. Immediately after the emergence of Bangladesh in 1971, the erstwhile United Bank Limited and Union Bank Limited were renamed as Janata Bank. On 15th November, 2007 the bank has been corporatised and renamed as Janata Bank Limited. Janata Bank Limited operates through 892 branches including 4 overseas branches at United Arab Emirates. It is linked with 1202 foreign correspondents all over the world. The Bank employees more than 15(fifteen) thousand persons. The mission of the bank is to actively participate in the socio- economic development of the nation by operating a commercially sound banking organization, providing credit to viable borrowers, efficiently delivered and competitively priced, simultaneously protecting depositors funds and providing a satisfactory return on equity to the owners. The Board of Directors is composed of 13 (Thirteen) members headed by a Chairman. The Directors are representatives from both public and private sectors. The Bank is headed by the Chief Executive Officer & Managing Director, who is a reputed banker. The corporate head office is located at Dhaka with 10 (ten) Divisions comprizing of 38 (thirty eight)...
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... |ONE Bank Ltd [OBL] |Trust Bank Ltd [TBL] | |Physical design: Both are third generation Bank, operating in Bangladesh for more than 14 years. | |OBL’s head office is located at Kawran Bazar. It has 73 branches |TBL’s head office is located at Kawran Bazar and 88 branches including service| |including service centers are at different places of the country.|centers are at different places of the country. Out of 88 branches, 13 | |All branches are located at commercial viable places. |branches are cantonment based considering Bank’s intention towards servicing | | |defense officers. | |Both Banks do not have sufficient parking lot for all branches in its premises. Thus, customers and employees share parking lot or park on the | |roadside. | |Both Banks office and branches are well decorated. However, TBL’s branches are more spacious than OBL, which helps TBL in some areas to attract | |more retail customers. | |Based on the above, both banks organizational...
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...RISK MANAGEMENT IN BANKS The business of banking today is synonymous with active risk management than it was ever before. The success and failure of a banking institution heavily depends on the strength of the risk management system in the current environment. This is true as the very business of banking is risk-taking as an intermediary, i.e. interposing between savers (depositor) on one hand and the borrower on the other hand, thereby accepting the risks of intermediation. Risk Management: Meaning & Components A risk can be defined as an unplanned event with financial consequences resulting in loss or reduced earnings. Therefore, a risky proposition is one with potential profit or a looming loss. Risk stems from uncertainty or unpredictability of the future. In commercial and business risk generates profit or loss depending upon the way in which it is managed. Risk can be defined as the volatility of the potential outcome. Risk is the possibility of something adverse happening. Risk management is the process of assessing risk, taking steps to reduce risk to an acceptable level and maintaining that level of risk. The essential components of any risk management system are – * Risk Identification: i.e. the naming and defining of each type of risk associated with a transaction or type of product or service; * Risk Measurement: i.e. the estimation of the size, probability and timing of potential loss under various scenarios; * Risk Control: i.e....
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...A STUDY ON INVESTMENT MANAGEMENT ACTIVITIES OF ISLAMI BANK BANGLADESH LIMITED PREFACE Bank is a part and parcel of the modern economy of any country. Like any other countries in the world banks play the most crucial role not in the economic but also the social, political environment in Bangladesh. Even it is wise to say that the financial sector of Bangladesh is solely dominated by the banking sector, because the non bank financial sector of Bangladesh is yet to develop to desired level, although it is growing very rapidly. The invention of banking based on Islamic shariah is a relatively new concept in the global banking arena. Now a day the Islamic Shariah based banks are not operating only in the Muslim countries but also in non Muslim countries with the same level of faith and efficiencies parallel to the conventional interest based banks. Even in some cases some of the Islamic Shariah based banks has exceeded their competing traditional banks in terms of service quality and some other key financial indicators. In Bangladesh Muslim constitutes more than 80% of her total population. These people possess strong faith on Allah and they want to lead their lives as per the instructions given in the holy Quran and Sunnah; the way shown by the prophet Hazrat Muhammad (Sm). But no Islamic banking system was developed here up to 1983. The Traditional banking sector was fully based on interest. This is why most of our religious...
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...1.1 Introduction Banking Industry is one of the most promising industries of our country. Bank is a financial institution of any country. The importance of the sector revealed through its contribution in the economic growth of the country. Bank has kept in vital role in economy day by day. Bangladesh‘s economy is surviving to free from the most underdeveloped economics. Banking industry is extending in various activities domestically and globally of the world. Our daily work is easily and fast aspect of transaction. The economic development of our country mainly depend upon the efficiency of the banking results is so far as, whether the bankers have been able to read the economic situation properly and are successful in selecting the promising industrial sectors seeking import and export assistance to grow. Bank can be defined as” a financial intermediate a dealer in loans and debts”. It is support of customers and clients all kinds of transaction through the technology. Bangladesh bank keeps monitoring banks performances. Jamuna Bank Ltd is a commercial private bank of the banking sector in our country it provides excellence services to the customers in short time. They always try to provide better services from other banks. So I have chosen Jamuna Bank because it is very first emergence and inception of modern civilization, Bank plays a pivotal role in case of overall financial & socio-economic development of any modern country. Nearly all sector contributed to the GDP...
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...Sales management in commercial banks and case of deposit growth. Recent development of financial institutions in Nepal had forced the banking industry to push marketing of its deposit products. We can see the advertisement of deposit products in every newspapers, radio and televisions channels. There are stalls of banks and financial institutions in every business fairs and exhibitions. The focus is selling their respective deposits products. Once, there were three banks namely, Nepal bank ltd, Rastrya banejaya bank and agriculture development bank ltd but today there are 32 commercial banks in Nepal and it is obvious to have intense competition in limited market. Beside financial positions and branch location it is fact some commercial banks have increasing trend in their deposits but some are not succeeding. The interest rate on deposit rate are similar, the account opening amount are somewhat same, the customer care is same but why some are succeeding and some are not because it is the selling strategy particulars banks have adopted. The most important things on today world is the way of communication an organization does with outsiders. In another word it is the marketing process or in corporate word we can say selling the products. It is obvious that in every business sales matter and for sales it is way of communication. If any body wants to succeed in business, then it is necessary to be great in sales as well. In fact, the boss of a company has got to be great...
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...head: MANAGEMENT AND LEADERSHIP IN TD BANK GROUP Management and Leadership in TD Bank Group Julia Kuznetsova MADS 6600 Instructor: Dr. Zarbi May 21st, 2013 Management and Leadership in TD Bank Group Introduction The purpose of this paper is to exemplify how organizational managers and leaders create and maintain a healthy organizational culture and recommend two strategies that organizational managers and leaders can use to improve this culture. As an example I selected a Canadian multinational corporation – The Toronto-Dominion Bank. The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto. It is the second-largest bank in Canada by market capitalization and based on assets, and is the sixth largest bank branch network in North America. Commonly known as TD and operating as TD Bank Group, the bank was created in 1955 through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869, respectively. The bank and its subsidiaries have over 79,000 employees and over 19 million clients worldwide. (http://www.td.com/about-tdbfg/corporate-information/corporate-profile/profile.jsp) The company is ranked at number 86 on the Forbes Global 2000 2010 listing. In February 2011 it was named one of Canada's top 10 employers by the Financial Post. (http://www.tdbank.com/aboutus/about_us.html) Organizational structure overview TD Bank group...
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...Operations Management Assignment Quality Management in Middle Bank Table of Contents Quality Management in Middle Bank I. Introduction 2 II. Literature 3 III. Current Situation 4 IV. View 6 V. Conclusion 8 VI. References 9 I. Introduction Hong Kong is one of the leading financial centres in the world. Therefore, a sound and professional banking system is a prerequisite for its economic development and success. At the end of July 2003 there were 135 licensed banks in operation (statistics provided by HKMA). Among these licensed banks, the Middle Bank is one of the local banks that provides a variety of banking products and services for personal and corporate customers. In the face of a formidable challenge in increasing competition, re-regulation, and thin margins, the bank believes that it must improve service quality in order to sustain competitive advantages. This paper is an attempt to analyze the use of Total Quality Management throughout this medium-size local bank. It aims to achieve profit growth through cost-efficiency and differentiation. In fact, excellent service, as a consequence of adopting TQM, contributes to both. II. Literature According to Corsby 1979, quality is defined as ‘conformance to requirements’ or “fitness for purpose or use” as defined by Juran 1993. In fact, traditional quality management believed that it would be rather costly to achieve a low non-conformance level and the optimal total quality costs will...
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