DEPARTMENTS
OPERATIONS
AND
FUNCTIONS OF DEPARTMENT
Submitted to: Mam Sidra Shehzadi
Submitted by: Sidra Malik (10-arid-1363) Sundas Shahid (10-arid-1365) Hassan Mehmood (10-arid-1317) Muzammil Tufail (10-arid-1328)
ACKNOWLEDGEMENT
All praises belong to almighty Allah who the supreme authority knows the ultimate relation underlying all sorts of phenomenon going on in this universe & whose blessing & exaltation flourished my thought & thrived my ambitions to have the cherished fruit of my modest efforts my humblest thanks to the Holy Prophet Hazrat Muhammad (PBUH) who is forever torch of guidance & knowledge for humanity as a whole.
We deem it our utmost pleasure to avail this opportunity to express gratitude &deep sense of obligation to my revered teachers and HBL’s manager RAHIL NASIR for their valuable and dexterous guidance, untiring help, compassionate attitude, kind behavior, moral support and enlightened supervision during this whole project.
Finally, we would like to extend hurtful thanks to our adoring parents and friends for their day and night prayers sacrifices and encouragement, moral and financial support throughout the course of our study. May all of them live long and enjoy a happy life!
THANKS TO EVERYONE
TABLE OF CONTENT
BANKS AND SCOPE OF BANKING
WHAT IS BANK?
A bank is an institution for the custody, loan or exchange of money for sanctioning credit, for transferring funds by domestic foreign bills of exchange. It is a pipeline through which currency moves into and out of circulation. As it is clear from the definition of banking, the main activity or function of