MCB Hyderabad Internship Report

Business Internship Report on MCB Bank SUPERVISED BY Respected Teacher MISS SAIMA QADRI SUBMITTED BY Muzamil Hussain BBA-18 Seat No. 210 INSTITUTE OF MODERN SCIENCES AND ARTS, HYDERABAD I would like to thank my parents and siblings who supported me in the line of my grooming education and professional degree. They are the ones who ever dragged and buttressed me towards my professional career.  Internship performs imperative interaction with the Banking Operations. I selected MCB BANK LTD as my organization to carry out research. The MCB Bank was established one month before the independence in June 1947, first head quarter on Calcutta and after independence it was shifted from Calcutta to Dhaka to Karachi in 1948. Among the other 22 scheduled banks with 3525 branches networks nationalized on 1st January 1947 through the nationalization of banks Act, 1974 under the nationalization policy of the Government. MCB Bank Was also nationalized and at that time of nationalization premier bank was merged in M.C.B LTD in 1974. MCB has become the only bank to receive the Euro money award for the seventh time in the last nine years. MCB won the Strongest Bank in Pakistan in 2009, 2005, 2004, 2003, 2001, and in 2000 the Best Domestic Bank in Pakistan HYPERLINK http//www.mcb.com.pk/aboutus/awards.htmawards. In addition, MCB also has the distinction of winning the Asia Money 2005 2004 awards for being The Best Domestic Commercial Bank in Pakistan. The main objectives of MCB are to earn profit by investing the money of depositors, who cannot utilize that money for getting required return. So the bank invests that money in shape of advance and share, the return or interest charged on those advances with the depositors. Besides above- mentioned objectives the bank serves the society by facilitating them in the shape of advances to industries, agricultures etc. It also provides employment to people it helps in developing the economy of the country. It also