It is pleasure and honorable act for me to write this internship report on Faysal Bank Limited Gala Mandi Hoornaabad branch. I am pleased to. Faysal bank (Distribution Branch) Internship Report Submitted To: Human Resource Department Submitted By: Fahad Khalid. About Faysal Bank Limited: Faysal Bank Limited was incorporated in Pakistan on October 3rd, INVESTMENTCERTIFICATE: Barkat Investment.
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Post on Oct views. Omer Saleem Roll No. At first dedicating this work to Almighty ALLAH, who is most merciful and beneficial who give me a chance to write this report, and without his mercy and sympathy I was not able to accomplish this work, I also dedicate this work to my lovely parents with deepest gratitude whose love and prayers have always been a source of strength for me.
And I am also dedicated my honorable teachers who always there to make things right for and helping me in every aspect where I needed ii Preface: In order to be able to cope with the changing environment, it is necessary to some practical experience, as the student of Commerce we have to pass through a series of various managerial techniques. During this practical course we are provided with an opportunity to learn that how the theoretical knowledge can be implemented in practical ground.
Banking plays an important role in the commercial economic development of the country. It also includes a brief department worked during internship. Then internship report ends with some recommendations after identification of some problems observed during the course of internship. In the name of Allah who is most beneficent and merciful, who has enabled me to do this entailing hard work.
It is pleasure and honorable act for me to write this internship report on Faysal Bank Limited Gala Mandi Hoornaabad branch. I am pleased to acknowledge the help which I received to write this report. I would like to thank Sir Farrukh Naveed for giving us the opportunity for doing this internship.
This work helped us to apply the theoretical concepts and learn the practical aspects of a bank. I would also like to thank Mr.
Mazhar for her valuable guidance and help throughout this period. Raja Tariq Manager Mr. As we all know very well that time and tide wait for none. So because of this rapid change in time and era we have to cope with it. During this era I got an opportunity of getting practical knowledge about the banking system in Pakistan. This internship report is actually is brief discussion of the function, which are being performed at Faysal Limited.
Faysal bank was incorporated in as the branch of Faysal Islamic bank of Bahrain, in the bank started its operation as the locally incorporated bank. The isthmus bank is the ultimate hobbling company of the Faysal bank. Today Faysal bank improving its operation day to day in the all provinces, and Azad Kashmir with Approximately branches all around the Pakistan but when RBS purchased by FBL its total branches reached up to Faysal abnk has implemented different polices to make it one of the best bank of the Pakistan which include introducing new products and services and increase its operate by opening two new branches in Pakistan.
Faysal bank is the full service banking institute offering consume corporate investment banking facility. Major sources in the coracle investing blankly 2 financially Faysal bank is sound.
There are different types of deposits scheme that offer for notice deposits and term deposits there are also different scheme for the short term and fixed deposits. This shown that FBL gives mark up on these schemes which are fixed by management.
This profit rate is viewed in care of profit. Local remittances are transfer of fayxal which in the country. Cheques clearance is separated section where all the repport are checked and the authorized officer ingernship balance of each account holder.
After that process encashment is completed on the cash counter. The tasks I have performed fayswl these departments are the best source of gaining practical knowledge about the banking sector. This internship give me realistic review of the banks and it operation. In the internship I found a lot of positive change in my attitude learning behavior. From the financial analysis of bank it has concluded that as in a condition of economic recession, other banks are fulfilling their cost but the FBL is still enjoying profit.
There is little decline of profit from the last year. AS their deposit rates are high people are attracting internshjp this bank. The non performing loans are fewer results in blooming the profit. A bank is a place where people deposit money and save their incomes.
Bank offer interest on money saved and also offer other services such as loans and mortgage. A bank is a firm which collects money from those who have it spare.
It lends money to those who require it. Faysal Bank is a bank based in Pakistan. FBLs footprint now spreads over more than branches in over 70 cities, with combined business assets of over PKR billion, further strengthening its balance sheet and placing it amongst the top ten banks in Pakistan.
With assets exceeding billion rupees, it is one of the largest banks in the country and has shares listed on the Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange. Values of faysal bank: We are recognized by our reliability, credibility and character. We believe in ethical, honorable, time-proven principles of uprightness.
We faysaal for and abide by honesty, truth and transparency. We hold our reporf, investors and regulators in high esteem.
We uphold our customer’s rights internshipp demand efficient service. We appreciate and respect our profession and, above all, our bank. We function as a team. Within functions, we cooperate. Between functions, we collaborate. Together, we aim for excellence and leadership in our chosen markets. We are proficient and efficient in all that we do.
We provide banking services knowledgeably and skillfully. We uphold regulatory obligations Our Professionalism: Our Competence Passion We bring zeal and enthusiasm for banking to work. internshil
We are excited to provide customers with the best or the best-suited. We go the extra mile in legitimate, acceptable ways. Responsiveness We are receptive to the need for change and improvement.
We are proactive and anticipate our customers needs and wants. Innovation We pioneer novel and more efficient ways to deliver solutions. Integnship are dedicated to a culture itnernship improvement and modernization. We stand for originality, in thought, in action and in belief. Compassion Our concern for our colleagues, our customers, our communities, and our country sets us apart.
To each other, we are a family. For each other, we are a meaningful source of shared humanity. Account opening Department The first step in the business of banking is to create the relation of public with the bank and the customer. Now customer become the credits of the Bank, it is the most important department of the faysal bank and the bank officers must take the special internshlp before opening the account. Account of the general customer: Illiterate person account Joint account Account of special rsport Generally in all banks the procedure of accounts opening ban, same but the documents required open the account id different according to the type of bank.
The branch manager is responsible to handle the job of account opening but in the 9 some cases it is assigned to other responsible officers. The bank officer has to assume that the customer has the following characteristic. The customer must have this age of majority bbank means that he must be at the age of 18 according to the law. The customer must be of sound mind The customer must not be insolvent and bankrupt.
Account opening form The bank officer must assure that the customer fills each and every column of the account opening form correctly with all necessary details. It is preferred that the customer in the presence of introduced fills the account openi g form. Most important column of the account opening form is this. Without the proper introduction the new account cannot be opened the bank officers consider the following perception in this respect.
If the introducer doesnt come they the bank officer must take extreme case about the signature verification. The bank officer check the number of national identity card is correctly recorded in the account opening form and the copy of the national identity card is kept in the record by the bank. KYC know your customer form In this form the bank internsgip all information about the customer. With form intdrnship photographs of the customer is also attached with the form.
If the customer is fqysal and use thumb impression use lead of signature.
Faysal Bank Internship Report Omer
If the signature is in the Urdu then the photograph is must. A letter of thanks is sent to the customer through mail to verify his address if the address is not sending at his address then bank quickly take the action and can lease the account. Accounts For General Customers: Documented required to open the individual account are i. Account opening form ii. Specimen signature bahk iii.
Two is pasted on the account opening form and the other is pasted on the SS card. Left hander thumb impressions are obtained on the specimen signature card.
If right handed thumb impression form the ladies is obtained.