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UNIVERSITY OF CENTRAL PUNJAB

In The Name Of Allah


The Merciful
The Compassionate

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UNIVERSITY OF CENTRAL PUNJAB

INTERNSHIP REPORT
ON
THE BANK OF PUNJAB

PRESENTED TO:-

Abdul Malik
MANAGER THE BANK OF PUNJAB
Samnabad BRANCH FAISALABAD

PRESENTED BY:-
Shaista Jabeen
(Student of M.Com Finance)

DEPARTMENT OF BUSINESS MANAGEMENT


SCIENCE
UNIVERSITY OF AGRICULTURE ,
FAISALABAD

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UNIVERSITY OF CENTRAL PUNJAB

ACKNOWLEDGEMENT

Praise be to Almighty Allah, the most merciful and magnificent


and to his Holy Prophet Muhammad (Peace be Upon him) who is
forever a torch of guidance and knowledge for humanity as a whole.

I feel deep sense of gratitude to Mr. Abdul Malik manager of


The Bank Of Punjab Samnabad Branch Faisalabad for allowing to me to
do my internship and also providing me necessary assistant and
guidance. I am also grateful to the departmental heads of the bank
especially operations related department.

I express my heartiest and sincerest sense of gratitude to


respectable persons Mr.Abdullah and Mr. Sharif, (SBP) coordinators of
IBP (Institute of Bankers Pakistan Karachi). Under whose proper
guidance, skillful suggestions and constructive criticism this work got
its present shape.

I owe depth of gratitude to my affectioonate parents, and brother


who supported me morally and inspired me to the higher ideas of life.
My gratitude also goes to all those friends who provided me any
assistance in what so ever manner in the preparation of this study.

Shaista Jabeen

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UNIVERSITY OF CENTRAL PUNJAB

LIST OF CONTENTS

1. Acknowledgment 3

2. Organization’s profile 5
3. Aims & Objective, Values 7
4. Introduction 8
5. Department Visited By Internee 9
6. Expectations Not Met By Current
Internship programmed 10
7. Analysis 10
8. Limitations 11
9. References and resources 11

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UNIVERSITY OF CENTRAL PUNJAB

Organization’s Profile
The bank of Punjab was constituted in pursuance of the Bank of
Punjab Act 1989 and it started working on 15Nov. 1989. Its registered
Head Office is situated at
7-Egerton Road, Lahore. The BOP was given the status of scheduled
bank by the state Bank of Pakistan on September 19, 1994.

Authorized capital of The Bank of Punjab as on 31-12-2005 is


RS.1,000,000,000/-(RS. 100,000,000 ordinary shares of RS. 10.00
each). Issued subscribed and paid up capital of the bank is RS.
157,500,000/-(RS. 15,750,000 ordinary shares of Rs.10.00 each fully
paid in cash). Shares issued for consideration other than cash are Rs.
694,380,000/-(Rs. 69,437,976 ordinary shares of Rs. 10.00 each as
fully paid bonus shares). So total paid up capital of the bank is
Rs.851,880,000/- (rs. 157,500,000+694,380,000).

The bank of Punjab is listed at Lahore and Karachi Stock


Exchanges. Fifty one percent (51%) of the share capital is held by the
Government of Punjab and the rest is owned by Pakistani
individuals/firms and foreigners.
The bank strives to be a world class financial institution working
on modern lines. It aims at offering the financial markets of the global
economy a unique system which would revolutionize the ethics and
value system of the economic scenario of modern society.

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UNIVERSITY OF CENTRAL PUNJAB

NATURE OF THE ORGANIZATION

A unit of service industry of Pakistan, BOP (commercial bank) is


engaged in the borrowing, lending and advancing of money, the
drawing, making, accepting, discounting, buying, selling, collecting and
dealing in bills of exchange, promissory notes, drafts, bills of lading,
receipts, warrants, debentures, certificates etc.
It is also engaged in the buying, selling of foreign exchange
including foreign bank notes, the acquiring ,holding, issuing on
commission , underwriting and dealing in stocks, funds, shares,
debentures, the negotiating of loans and advances , the receiving of all
kinds of bonds, valuables on deposit or for safe custody.
The providing of safe deposit vaults the collecting, and
transmitting of money and securities.

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UNIVERSITY OF CENTRAL PUNJAB

VISION STATEMENT

To be a customer focused bank with service excellence.

MISSION STATEMENT

To exceed the expectations of our stakeholders by leveraging our


relationship with the Government of Punjab and delivering a complete
range of professional solutions with a focus on programme driven
products & services in the Agriculture and Middle Tier Markets through
a motivated team.

BANK’S VALUES

Our Customers As our First priority

Integrity In all our Dealings

Excellence In Every Thing We Do

Respect Four customers and each


other

Recognition and Reward For the talented and


high performing employees

Profitability For the


prosperity of our
Stakeholders that allows us
to constantly invest,
improve and succeed

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UNIVERSITY OF CENTRAL PUNJAB

Corporate Social Responsibility To enrich the Lives of the


Community where we
operate

INTRODUCTION

THE BANK OF PUNJAB is working as a scheduled bank with its

network of 266 branches at all major business centers in the country .

Its registered Head Office is situated at 7-Egerton Road, Lahore. The

bank provides all types of banking services. The majority

shares(i.e.51%) of the bank are held by the Government of Punjab.

The bank has entered a new era of science and automation at the

hands of its expert and professional management. The bank of plays

vital role in the national economy through mobilization of hitherto

untapped local resources promoting savings and providing funds for

investment.

The bank offers attractive rates of profit on all types of deposits,

opening of foreign currency accounts and handling of foreign exchange

business such ad import and export and remittance, financing trade

and industry for working capital requirement and money market

operations. The lending policy of the bank is not only cautious and

constructive but also based on principle of prudent lending with

maximum emphasis on security.

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UNIVERSITY OF CENTRAL PUNJAB

DEPARTMENTS VISITED BY INTERNEE

A. CASH DEPARTMENT
B. REMITTENCE DEPARTMENT
C. GENERAL BANKING OPERATIONS
D. CLEARING DEPARTMENT
E. CREDIT DEPARTMENT

DEPARTMENT TIME SPENT TYPE OF ATTENDED OBSERVATION &


NAME (WEEKS) LEARNING OFFICER COMMENTS
Receipt & payment
Receipts and Mr.Ahmad process of cash.
CASH DEPARTMENT 01 WEEK payments of Cash Shiraz Saleemi,
and Receipt of Cash Officer A tidy job which require
Utility Bills extra ordinary care and
tolerance
Provision of services for
remittance of money.
Entry of Mr Qasir Naeem
REMITTENCE 02 WEEKS remittance Butt A sensitive job which
DEPARTMENT instruments in Operation demands extra care to
the system & Manager safe guard the
preparation of Institution’s financial
physical interest apart from who
instruments availed the services from
the Bank.
Updating of daily routine
working with respect to
1. Entry of debit, posting/journalizing the
credit vouchers in Mr Qasir Naeem Dr/Cr entries in the
GENERAL BANKING the system. Butt system.
OPERATIONS 06 WEEKS 2. Account Operation
Opening Manager A wonderful job which
3.Customer Care updates the daily
4. On Line activities/transactions of
Banking their customers and other
allied concerns of the unit
in the relevant
automation.
1.Types of Perfectly Lodgement and
clearing on the realization of the
CLEARING 2.Lodgment of Mr Qaisar amount by the other
DEPARTMENT 01 WEEK clearing Naeem Butt bank credited the
3.Representation Operation customer’s A/C.
of Dishonored Manager It’s a tough job if the
cheques after the banker makes a mistake
removal of past in the Lodgement of
objection Cheques and Cheque
dishonor then he will be
liable for this.

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UNIVERSITY OF CENTRAL PUNJAB

A good source of earning


for the bank in
Understanding of conformity with the
documentation of Institutional Credit Policy.
CREIDT DEPTT 01 WEEKS Credit Proposals Waheed Ahmad Requires proper expertise
Glance at Credit Officer and dedication to safe
Financial Analysis guard the bank’s money
of various SMEs lend to the public against
security of paper/other
collateral

EXPECTATIONS NOT MET BY CURRENT INTERSHIP PROGRAMME

- Inadequate duration of Internship


- Full knowledge of automation
- Inadequacy of proper seating arrangement for internees due
to narrow banking operational hall.

ANALYSIS

While making an analysis of The Bank Of Punjab, as a financial


institution, wefind that this institution came into existence in
pursuance of Bank of Punjab Act,
1989 passed in the legislative Assembly of Province of Punjab. In the
short span
Of about 15 years, it become the fifth largest bank in the county with
266
Branches net work all over the country.

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UNIVERSITY OF CENTRAL PUNJAB

While having an opportunity to go for internship at the branch, I


have observed the following reservations:-
The Katchery Bazar branch is housed in small banking premises
which does not
suffice the requirements of visiting clientele as well as corporate
clients of the Bank. By having a glance over the current business of the
branch, the same should immediately be shifted to some spacious
building so that best banking services can be offered to the bank
customers. Moreover, though the branch is automated yet required
number of PCs etc has not been provided resultantly, the staff has to
wait their turn to accomplish their daily job. Same case is with furniture
of the branch which has almost completed its normal life and required
immediate replacement.

LIMITATIONS
- To go for internship in Foreign Trade due to bank’s policy.
- Short term internship duration

REFERENCES AND RESOURCES

Oral:-
Much oral information was provided by Mr. Abdul Malik,
Branch Manager and Mr. Qasir Naeem Butt Operation Manager, and
Mr. Ahmad Shiraz Saleemi, Credit Officer.

Written:-

o Annual Report

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UNIVERSITY OF CENTRAL PUNJAB

o Records
o Internet

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