Janata Bank
Introduction
Introduction
Bank is very old institution that is contributing toward the development of any economy and is treated as an important service in dusty in the modern world. Economic history shows that development has started everywhere with the Banking system and its contribution towards financial development of a country is the highest in the initial stage. Modern Bank plays an important part in promoting economic development of a country. Bank provides necessary funds for executing various programs in the process of economic development. They collect savings from large masses of people scattered throughout the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the financial requirements. Main functions of banking department are the followings: Account opening system, Account section, Collection and clearing, Saving Bank Account, Current Account, Short Term Deposit Account. Local remittance Section: Pay order, Demand Draft, Telegraphic Transfer, Call Deposit Account. Janata Bank Ltd. also provides different types of DPS like monthly savings Scheme (MSS), Monthly Benefit Scheme (MBS). Janata Bank Ltd. provides the entire general banking facilities like LC, Clearing, and Forwarding, It also provide Loan for businessman. 1.1 Banking Scenario in Bangladesh
The March 1971 Bangladesh was a part of Pakistan known as East Pakistan. A nine month liberation war results in the creation of Bangladesh on 16th December 1971.At the end of the liberation war, the banking sector of Bangladesh as in totally disarray. With exception of two local banks incorporated in then East Pakistan, all the bigger local banks became in operational. Liberation war left these banks divided and without any corporate office to guide their Head office as located outside Bangladesh territory. The overseas banking
Introduction
Bank is very old institution that is contributing toward the development of any economy and is treated as an important service in dusty in the modern world. Economic history shows that development has started everywhere with the Banking system and its contribution towards financial development of a country is the highest in the initial stage. Modern Bank plays an important part in promoting economic development of a country. Bank provides necessary funds for executing various programs in the process of economic development. They collect savings from large masses of people scattered throughout the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the financial requirements. Main functions of banking department are the followings: Account opening system, Account section, Collection and clearing, Saving Bank Account, Current Account, Short Term Deposit Account. Local remittance Section: Pay order, Demand Draft, Telegraphic Transfer, Call Deposit Account. Janata Bank Ltd. also provides different types of DPS like monthly savings Scheme (MSS), Monthly Benefit Scheme (MBS). Janata Bank Ltd. provides the entire general banking facilities like LC, Clearing, and Forwarding, It also provide Loan for businessman. 1.1 Banking Scenario in Bangladesh
The March 1971 Bangladesh was a part of Pakistan known as East Pakistan. A nine month liberation war results in the creation of Bangladesh on 16th December 1971.At the end of the liberation war, the banking sector of Bangladesh as in totally disarray. With exception of two local banks incorporated in then East Pakistan, all the bigger local banks became in operational. Liberation war left these banks divided and without any corporate office to guide their Head office as located outside Bangladesh territory. The overseas banking
References: • Peter S. & Rose, "Commercial Bank Management" 9th edition, McGraw-Hill Companies Inc., Boston, 1996. Periodicals • Annual Report - 2005, 2006 Published By Janata Bank Ltd • Bangladesh Bank (1996), "Guidelines for General Banking System" Vol # 1 Published By Bangladesh Bank, Motijheel C/A Dhaka- 1000 • Manuals - 2006, 2007, Published By Janata Bank Ltd