Report of Between Basic Bank Leading Schemes and Sme Loan.
Chapter-One Background of the study 1.1 Origin of the report
This report is prepared as per internship requirement of my Masters of Business Administration. (MBA ) program of the International Islamic University Chittagong. I worked 2 Months from 1st February to 30th March 2013 in BASIC Bank Limited karonbazer Branch, Dhaka. In two months I have through various banking activities. This report is a brief overview of those daily activities I have done during the internship period. 1.1 Introduction of the Report In today’s fast moving world, business is more complex and competitive. Banking is an essential industry. It is where we often wind up when we’re seeking a loan to purchase a new automobile, tuition for college or trade school, financial advice on how to invest our savings, credit to begin a new business, a safe deposit box to safeguard our valuable documents or even more commonly, a checking account or Credit card to keep track of when and where we spend our money. This industry, composed of thousands of firms worldwide, literally affects the welfare of every other industry and the economy as a whole.
BASIC Bank Limited is state owned specialized bank operating for 21 years. At the outset, the Bank started as a joint venture enterprise of the BCC Foundation, a welfare trust of Bangladesh, with 70 percent shares and Government of Bangladesh with the remaining 30 percent shares back in 21st January 1989. The BCC Foundation being nonfunctional following the closure of the BCCI, the Government of Bangladesh took over 100 percent ownership of the Bank on 4th June 1992.Steady growth in client base and their high retention rate since Bank’s inception testifies to the immense confidence they repose on its services. Diversified products both liability and assets sides particularly a wide range of lending products related to development of small industries and micro enterprises, and commercial and trading activities attract entrepreneurs from varied
This report is prepared as per internship requirement of my Masters of Business Administration. (MBA ) program of the International Islamic University Chittagong. I worked 2 Months from 1st February to 30th March 2013 in BASIC Bank Limited karonbazer Branch, Dhaka. In two months I have through various banking activities. This report is a brief overview of those daily activities I have done during the internship period. 1.1 Introduction of the Report In today’s fast moving world, business is more complex and competitive. Banking is an essential industry. It is where we often wind up when we’re seeking a loan to purchase a new automobile, tuition for college or trade school, financial advice on how to invest our savings, credit to begin a new business, a safe deposit box to safeguard our valuable documents or even more commonly, a checking account or Credit card to keep track of when and where we spend our money. This industry, composed of thousands of firms worldwide, literally affects the welfare of every other industry and the economy as a whole.
BASIC Bank Limited is state owned specialized bank operating for 21 years. At the outset, the Bank started as a joint venture enterprise of the BCC Foundation, a welfare trust of Bangladesh, with 70 percent shares and Government of Bangladesh with the remaining 30 percent shares back in 21st January 1989. The BCC Foundation being nonfunctional following the closure of the BCCI, the Government of Bangladesh took over 100 percent ownership of the Bank on 4th June 1992.Steady growth in client base and their high retention rate since Bank’s inception testifies to the immense confidence they repose on its services. Diversified products both liability and assets sides particularly a wide range of lending products related to development of small industries and micro enterprises, and commercial and trading activities attract entrepreneurs from varied