...AN INTERNSHIP REPORT ON Human Resource Policies and Practices of IFIC Bank Ltd. Submitted To: Submitted By: Mr. Dr. Md. Saiful Islam Md. Sohorab Hossain Professor ID No.: 11251014 Department of Management EMBA 7th Batch Studies Major: Human Resource Rajshahi University Management Rajshahi University Date of Submission: Letter of Transmittal Date: Mr. Dr. Md. Saiful Islam Professor Department of Management Studies Rajshahi University Subject: Submission of Internship Report Sir, It is my great pleasure to submit the internship report titled “Human Resource Policies and Practices of IFIC Bank Ltd.” which has been prepared as an integrated part of the course requirement of my MBA program. I did my internship at IFIC Bank Limited, Rajshahi Branch. It will be highly appreciated if you kindly accept the report. Your positive action regarding this matter would be very much helpful for my academic career. Sincerely yours Md. Sohorab Hossain ID: 11251014 EMBA 7th Batch Department of Management Studies Rajshahi University Student’s Declaration I hereby announce that the extensive study entitled “Human Resource Policies and Practices of IFIC Bank” (Conducted in IFIC Bank Limited, Rajshahi Banch). Prepared in partial accomplishment of the requirement for the award of the degree Masters of Business...
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...suggestions | | 3.3 | Conclusion | | 1 INTRODUCTION IFIC Profile International Finance Investment and Commerce Bank Limited (IFIC Bank) is banking company incorporated in the People’s Republic of Bangladesh with limited liability. It was set up at the instance of the Government in 1976 as a joint venture between the Government of Bangladesh and sponsors in the private sector with the objective of working as a finance company within the country and setting up joint venture banks/financial institutions aboard. In 1983 when the Government allowed banks in the private sector, IFIC was converted into a full fledged commercial bank. The Government of the People’s Republic of Bangladesh now holds 32.75% of the share capital of the Bank. Directors and Sponsors having vast experience in the field of trade and commerce own 11.31% of the share capital and the rest is held by the general public. 1.1 Bank's Mission Our Mission is to provide service to our clients with the help of a skilled and dedicated workforce whose creative talents, innovative actions and competitive edge make our position unique in giving quality service to all institutions and individuals that we care for. 1.2 Bank's Vision At IFIC, we want to be the preferred financial service provider through innovative, sustainable and inclusive growth and deliver the best in class value to all stakeholders. 2 BODY PART (Basic HRM practices) IFIC always considers the human resource as a...
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...1: Introduction 1.1 Origin of the study: This report is originated as the course requirement of the BBA program under the business studies faculty UAP. Under this program students of this faculty must go through an internship program of 3 months duration. As practical orientation is an integral part of BBA degree requirement, I was sent to IFIC bank, Lalmatia Brunch to take real life exposure of the activities of financial institution from 01, June 2014. 1.2 Background of the Study: Modern banks play an important part in promoting economic development of a country. Banks provide necessary funds for executing various programs underway in the process of economic development. Economy of Bangladesh is in the group of world’s most underdeveloped economies. One of the reasons may be its underdeveloped banking system. Government as well as different international organizations have also identified that underdeveloped banking system causes some obstacles to the process of economic development. So they have highly recommended for reforming financial sector. Since 1990, Bangladesh Government has taken a lot of financial sector reform measurements for making financial sector as well as banking sector more transparent, and formulation and implementations of these reform activities has also been participated by different international organization like World Bank, IMF etc. I was placed in IFIC Bank Limited, for 12 weeks long Internship Program to acquire practical knowledge. This is...
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...Internship Report On Loan Processing, Credit Appraisal, Follow-Up &Recovery Procedure of IFIC Bank Limited Internship Report On Loan Processing, Credit Appraisal, Follow–up & Recovery Procedure Of IFIC Bank Limited Prepared For: Mohammad Tanvi Newaz Assistant Professor, BRAC Business School BRAC University Prepared By Nafisa Marzan ID: 10304087 BRAC Business School Major in HRM & Finance BBA (Summer 2014) Date of Submission: 10September, 2014 Letter of Transmittal Date: 18th September, 2014 Mohammad Tanvi Newaz Assistant Professor, and Coordinator, MBA Program BRAC Business School BRAC University Subject: Submission of Internship Report on “Loan Processing, Credit Appraisal, Follow – up& Recovery Procedure of IFIC Bank Limited”. Dear Sir, With due respect and humble submission, I like to state that I have completed my Internship report on “Loan Processing, Credit Appraisal & follow-up Recovery Procedure of IFIC Bank Limited”. The internship program has given me the opportunity to learn about different aspects of this well reputed organization. Before facing the corporate world, I have gathered general idea about the organization culture and activities. Without sincere cooperation and proper guidance of you it was not possible for me to prepare this report. For this act of kindness, I am grateful to you. I have tried my best to make this report as informative, practical, reliable and relevant as Possible. In preparation of this...
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...INTERNSHIP REPORT ON LOAN ADVANCEMENT PROCEDURE OF IFIC BANK LIMITED LOAN ADVANCEMENT PROCEDURE OF IFIC BANK LTD. Submitted to MAHMUDUL HAQ ADVISOR BRAC BUSINESS SCHOOL BRAC UNIVERSITY Submitted by MST. NAZMUN FARZANA ID: 09104103 BRAC BUSINESS SCHOOL BRAC UNIVERSITY date oF SubmiSSioN 17TH DECEMBER, 2012 LETTET OF TRANSMITTAL 17TH DECEMBER, 2012 Mahmudul Haq Course Instructor, BBS BRAC University Dear Sir, Here I present my Internship report titled “Loan And Advance Operation of IFIC Bank Limited‟ with due gratitude and appreciation. As per partial fulfillment of the requirements for the BBA Degree, I have completed the internship from IFIC Bank Limited, Federation Branch, Motijheel, Dhaka. The internship program has given me the opportunity to learn about different aspects of this well reputed organization. Before facing the corporate world, I have gathered general idea about the organization culture and activities. However, I have gathered all the facts that I could within this short period and have tried my level best to exert all the things as much presentable as possible. Yours faithfully, ………………. Mst. Nazmun Farzana ID: 09104103 Acknowledgement At the beginning, I would like to express my sincere gratitude to Almighty, the most merciful and beneficial for empowering me to prepare the report within the scheduled time. I also want to thank especially to my internship supervisor Mahmudul Haq Sir for his inspiring guidelines, valuable suggestion, constructive...
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...Chapter-3 Human Resource Policy & practice of IFIC Bank Limited 3.1 ACTIVITIES OF HRM: HRM has a significant role in today IFIC Bank and must be forward thinking. They must take the lead in assisting good achievement with the "people" component of the organization: Under the guidance of HRM, employees of an organization can assist it in gaining and maintaining a competitive advantage. Attracting and maintaining such employees require: HRM of IFIC Bank to have policies and practices that such employees desire. HRM of IFIC Bank will also recommend and implement changes regarding where necessary. Human resource management has its focus mainly on balancing the needs, goals, objectives and values of both employers and employees. Polices form rules of conduct and they should be based on the following principles: Putting right man in the right place by a careful program of selection procedure and placement to make sure that the new recruit is physically, mentally and psychologically fit for the job to be performed. This is needed for the new employee to develop and grow. Training the new recruits for developing technical competence to-perform so that they can discharge their duties and responsibilities efficiently. Transforming the organization into a coordinated entity of different departments permitting reduction of interpersonal and interdepartmental function and conflicts. Ensuring employee security with opportunity...
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...Hrm Practices in Dhaka Bank Limited In: Business and Management Hrm Practices in Dhaka Bank Limited TABLE OF CONTENTS Executive Summary Prefatory Origin of Bank Definition of Bank History of Banking in Bangladesh History of Private Banks in Bangladesh Current Structure of Banks in Bangladesh Introduction Origin of the Report Objectives Scope Rationale of the study Methodology Limitations Literature Review Organization Overview DBL Background Nature of Business Shariah Council of the bank Vision Mission Core Values Objective of EXIM Bank as a shariah basedIslamic Bank Strategic objectives of DBL Customer charter _____________________________________26 _____________________________________26 _____________________________________27 _____________________________________05 _____________________________________07 _____________________________________08 _____________________________________08 _____________________________________09 _____________________________________11 _____________________________________13 _____________________________________17 _____________________________________18 _____________________________________19 _____________________________________19 _____________________________________20 _____________________________________20 _____________________________________21 _____________________________________21 _____________________________________23 _____________________________________24 _____________________________________25 _____________________________________25...
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...A study on Loan Disbursement system of IFIC Bank (Dhaka Stock Exchange Branch Ltd.) A study on Loan Disbursement system of IFIC Bank (Dhaka Stock Exchange Branch Ltd) Prepared for: Dr. Shahriar Kabir Assistant Professor, School of Business University of Liberal Arts Bangladesh Prepared by: Saif Ur Rashid ID: 081011050 School of Business University of Liberal Arts Bangladesh December 22, 2011 Letter of Transmittal December 22, 2011 Dr. Shahriar Kabir Assistant Professor, School of Business University of Liberal Arts Bangladesh Subject: Submission of Report titled: “A study on Loan Disbursement system of IFIC Bank (Dhaka Stock Exchange Branch Ltd.)” Dear Assistant Professor Dr. Shahriar Kabir PhD (Curtin University Australia) It is my pleasure to submit you the internship report on “A study on Loan Disbursement system of IFIC Bank (Dhaka Stock Exchange Branch Ltd.)”. I understand that the report submission is a requirement for the completion of BBA program from University of Liberal Arts Bangladesh. This report covers the loan disbursement system of IFIC Bank Dhaka Stock Exchange Branch Ltd. But unfortunately not all loans are given to the clients. So my report does not cover the loans which are not given. I tried my best to make this report complete and error free. I would be grateful if you accept my report. Sincerely Yours Saif Ur Rashid ID: 081011050 Contents 1...
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...Uttara Bank is one of the largest and oldest private sector commercial bank in Bangladesh, with years of experience. Adaptation of modern technology both in terms of equipment and banking practice ensures efficient service to clients. Bank not only oldest private banks but also surpassed almost all banks in terms of overall growth and profit. Stability of the financial institute in terms of growth, profitability and management is desirable for up-gradation of bank’s image in the market. Security of the deposit maintained i.e. the level of efficiency and effectiveness of the investment portfolio of the bank, as the deposit maintained is used for investment portfolio of the bank, direct relationship over the customer loyalty and this is the prime factor affecting the image of any financial sector in the market. The Bank should have automated operations in the service windows to. New Products and Services add value to the brand image of the Bank. Insurance on deposit and loan products protect not only the bank’s interest but also the interest of the public. Limitations of operations are to be minimized to have superior customer satisfaction. Liquidity of deposits has direct impact on the public sentiment and hence has ample effect on the customer loyalty. The report on “Financial Performance Evaluation of Uttara Bank Limited.” This report gives an idea about the activities of Financial Performance of Uttara Bank Limited .The objective of this report is to analyze and focus on the...
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...Term Paper Report on “Recruitment Process of IFIC Bank Ltd.” Supervised By senior Lecturer ZIAUR RAHMAN , MANAGEMENT DEPARTMENT of Business Administration MOULVIBAZER COLLEGE (NATIONAL UNIVERSITY) Submitted By MD.RAJU MIAH NO. BBA1537251 Major in Management Date of Submission: Student’s Declaration I am MD.RAJU MIAH, bearing ID1537251 BBA student of BBA program of National University of Bangladesh, Major in Management; do hereby declare that the internship report titled ‘ RECRUITMENT PROCESS OF IFIC BANK LTD.’ . The assigned work is done by me for partial fulfillment of my BBA degree, as a part of academic curriculum. It has not been submitted by me before for any other degree The process of finding and hiring the best-qualifiedcandidate (from within or outside of an organization) for ajob opening, in a timely and cost effective manner. The recruitment process includes analyzing the requirements of a job, attracting employees to that job, screening and selecting applicants, hiring, and integrating the newemployee to the organization. . At the strategic level it may involve the development of an employer brand which includes an 'employee offering'. The stages of the recruitment process include: job analysis and developing a person specification; the sourcing of candidates by networking, advertising, or other search methods; matching candidates to job requirements and...
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...Analysis of customer satisfaction in Prime Bank Limited by using reliability, responsiveness, assurance, empathy and tangibles of Service Quality Management (SERVQUAL) By Sumaiya Monir 0910231 Indepe ndent University, Bangladesh IUB 1 Letter of Transmittal April 25th 2013 Parvej Ahmed Sharif Lecturer, MIS School of Business Independent University Bangladesh, IUB Dhaka, Bangladesh. Subject: Submission of the internship working report. Dear Sir, With due respect, I would like to inform you that, it is a great pleasure for me to submit the working report on ‘Prime Bank Limited’Banani Branch, Dhaka, Bangladesh. As a requirement to complete my BBA program. My internship period started from January29th to April 15th 2013. It was a great pleasure for me to have the opportunity to work on this bank. I endeavor my best to come up with a good report. I would be very happy to provide you with any clarification regarding the report. Please contact with me if you have any query and please kindly accept my paper and oblige me thereby. Thank you, Sincerely yours, Sumaiya Monir 0910231 2 Acknowledgements The successful accomplishment of this working report of Internship is the outcome of the contribution and involvement of a number of people, especially those who took the time...
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...University-Bangladesh (AIUB) INTERNSHIP RESEARCH REPORT ON “Financial Performance Analysis of GrameenPhone Ltd.” An Internship Report Presented to the Faculty of Business Administration in Partial Fulfillment of the Requirements for the Degree of Bachelor of Business Administration Supervised By: Farah Rezwan Faculty, School of Business Administration Department of Finance Submitted By: Shafi,Hasibuzzaman Student, School of Business Administration ID: 08-11124-2 Mejor-Accounting & Finance Date of Submission: April 19, 2012 INTERNSHIP RESEARCH REPORT ON “Financial Performance Analysis of GrameenPhone Ltd.” LETTER OF TRANSMITTAL 08 May, 2012 Mr. R. Tareque Moudud Director, Office of Placement & Alumni (OPA), American International University-Bangladesh Banani, Dhaka. Subject: Internship Research Report on “Financial Performance Analysis of GrameenPhone Ltd”. Dear Sir, I have completed the Internship report on “Financial Performance Analysis of Grameenphone Ltd.” With due respect, I am submitting my internship research report on the above mentioned title for the partial fulfillment of the requirements for the Degree of Bachelor of Business Administration. I took this report as an opportunity to reflect my learning of the techniques and skills of this three months long internship. I realize that my report may not be flawless;...
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...i Internship Report On NCC BANK LTD. Foreign Exchange Branch, Dhaka. Title: Overall Banking system of National Credit & Commerce Bank Ltd:An Evaluation. Prepared By Wahida Shirin Zhimly ID No : 103-11-1657 Department of Business Administration Daffodil International University, Dhaka. “ ©Daffodil International University “ ii Dated: 27.05.2014 Professor Dr. Zakir Hossain Dean. Daffodil International University Dhanmondi, Dhaka. Sub: Submission of Internship Report Dear Sir, I have the pleasure to inform you that I accomplished my internship program at the National Credit and Commerce Bank limited, Dhaka. I tried my best to know about the company by observing its activities. This report, which I would like to submit to you for your evaluation, is a discussion of my observation. I sincerely believe and hope that you will find this study very interesting, informative and enlightening (gan dan kora) and will help future researchers for extended research in this field. I beg your kind excuse for the unintentional error that may take place in the report in spite of my best efforts. I hope that you would be kind enough to receive this report and bless me hearty. Thanking you Yours truly, Wahida Shirin Zhimly ID No : 103-11-1657 Department of Business Administration Daffodil International University, Dhaka. “ ©Daffodil International University “ iii CERTIFICATE OF SUPERVISOR This is to certify that the report entitled “Overall Banking System of National...
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...An Internship Report On Banking Efficiency of EXIM BANK Limited 1.1 ORIGIN OF THE REPORT Reporting means the written presentation of the evidence and findings of a research. After completion of the internship program report submission is essential. The report is based on a topic that can satisfy both organization and my academic institution. Internship is the last part of my MBA course. Being a MBA student internship and report submission is essential for me. Without completion of internship and submission of report I cannot be able to complete my MBA course. This report is submitted to my internship supervisor, Jamshed Uz Zaman Northern University of Bangladesh, after completion of the three months internship program in the EXIM Bank Limited (Narayanganj Branch). I have assigned a topic “Banking Efficiency of EXIM Bank Ltd and the EXIM Bank Authority gave me the opportunity to work at the Narayanganj Branch for three months on the topic. 1.2 BACKGROUND OF THE REPORT In the later 19th century, Finance was a part of the Economics. But due to the globalization and more expansion of international trade, Finance plays the major role for the economic development. The development of a modern economy would not have been possible without the use of money. Bank is an important and essential financial institution for the necessity of the use of money and the protection of the money. Due to the globalization and technological innovation, banking business has become competitive. To...
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...Internship Report NRB remittance in relation to General Banking: A study on Janata Bank Limited On Internship Report On “NRB remittance in relation to General Banking: A study on Janata Bank Limited” Submitted To Sharmin Shabnam Rahman Senior Lecturer BRAC Business School BRAC University Submitted By Afzal Hussain Chowdhury ID# 12164014 Major: Finance Department: MBA Date of submission: 09/09/2014 Letter of transmittal Sharmin Shabnam Rahman Senior Lecturer BRAC Business School BRAC University Subject: Submission of Internship report Madam This report on “NRB remittance in relation to General Banking: A study on Janata Bank Limited” is prepared to fulfill the requirement of the Internship program of MBA degree. This report focuses on the contribution of Janata Bank Limited in collecting remittance from NRB from different countries. I am grateful to you that you give me the opportunity to do this report, which was very interesting. I have enjoyed preparing the report though it was challenging to finish within the given time and limited access. I tried my best to compile the information for this report comprehensive as possible. Thanking you Afzal Hussain Chowdhury ID No: 12164014 BRAC Business School BRAC University Acknowledgment First of all, I would like to thank my almighty Allah for the grace in accomplishing my internship report within the time. I would like to express my gratitude to my academic supervisor Sharmin Shabnam Rahman from the core of my heart for...
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