Foreign Exchange Management of Basic Bank Ltd.
Chapter 1
Introduction
1.1 Origin of the Report
The MBA program is designed to focus on theoretical and professional development of people open to take up business as a profession a well as service as a career. The course is designed with an excellent combination of theoretical and practical aspects. As a student of department of Finance, we have studied several books and attended some seminars on different bank related topics in our MBA program. So we have gathered theoretical knowledge about different activities of banks, policies related to banking applications, technologies adopted by banks and banking businesses in other countries of the world. So we have an overview of different banking activities. It is necessary to gather practical experience for making us compatible in this competitive sector to prove us as the best. This internship provides the students to link up their theoretical knowledge into practical fields. In these commotion, I am assigned to BASIC Bank Ltd. (Bangladesh small Industries and Commerce Bank Limited), Shantinagar Branch for my practical orientation. Students are required to prepare an internship repot under the guidance of supervising teachers on a selected subject matter to highlighting his experience and to conduct an in depth analysis on the subject matter. I have tried my level best to present my experience of the practical orientation in this report.
1.2 Rationale of the Study
The history of foreign exchange in Bangladesh is not very old. Hence there study on the foreign exchange services and trading of banking industry is relatively new and challenging at the same time.
Moreover In banking industry foreign exchange department is one of the most technical and lucrative section to be employed. As a MBA graduate I choose to work on this subject to have some practical experience before launching the career in this sector which will help me in future at a great deal.
1.3 Statement 0f the Problem
As a blend of
Introduction
1.1 Origin of the Report
The MBA program is designed to focus on theoretical and professional development of people open to take up business as a profession a well as service as a career. The course is designed with an excellent combination of theoretical and practical aspects. As a student of department of Finance, we have studied several books and attended some seminars on different bank related topics in our MBA program. So we have gathered theoretical knowledge about different activities of banks, policies related to banking applications, technologies adopted by banks and banking businesses in other countries of the world. So we have an overview of different banking activities. It is necessary to gather practical experience for making us compatible in this competitive sector to prove us as the best. This internship provides the students to link up their theoretical knowledge into practical fields. In these commotion, I am assigned to BASIC Bank Ltd. (Bangladesh small Industries and Commerce Bank Limited), Shantinagar Branch for my practical orientation. Students are required to prepare an internship repot under the guidance of supervising teachers on a selected subject matter to highlighting his experience and to conduct an in depth analysis on the subject matter. I have tried my level best to present my experience of the practical orientation in this report.
1.2 Rationale of the Study
The history of foreign exchange in Bangladesh is not very old. Hence there study on the foreign exchange services and trading of banking industry is relatively new and challenging at the same time.
Moreover In banking industry foreign exchange department is one of the most technical and lucrative section to be employed. As a MBA graduate I choose to work on this subject to have some practical experience before launching the career in this sector which will help me in future at a great deal.
1.3 Statement 0f the Problem
As a blend of
Bibliography: * Griffin, R.G. & Pustay, M.W.(2005), “International Business”, 4th Edition, Pearson Prentice Hall, New Jersey. * Annual Report: BASIC Bank Limited, 2008, 2007, 2006, 2005 & 2004. * Foreign Exchange Act. 1947.