Wednesday, January 4, 2012
Free Internship Report on National Bank of Pakistan
Virtual global knowledge is providing Free Internship Report on National Bank of Pakistan
National Bank of Pakistan is basically a Financial Organization. It deals with borrowing, lending and investing activities. The nature of operations conducted by the bank is different and unique from other Banks/financial institutions working in Pakistan. NBP is the largest commercial bank of Pakistan. It has balance sheet size greater than any bank in Pakistan. After redefining its role it has become a modern commercial bank rather than a public sector organization.
The Bank's services are available to individuals, government and corporate sector. It acts as trustee of public funds and also as the agent to the State Bank of Pakistan (in places where SBP does not have a presence). it has a diversified business portfolio and is today a front end player in the debt equity market, agricultural financing, corporate investment banking, retail and consumer banking, treasury services and is taking growing interest in developing the country's small and medium enterprises. It is also fulfilling its social responsibilities of being a corporate citizen.
1. Government servants
2. Farmers and landlords
3. Firms and corporations
4. Small businessmen
5. State Bank of Pakistan
6. Other banks working in Pakistan
7. students
8. General public
Deposit Department
The two major types of accounts are Saving Account and Current Account. PLS saving accounts are used by customers to keep their money in bank whereas the current account is used by businessmen to keep their business account in bank
Advances Department
Free Internship Report on National Bank of Pakistan
National bank of Pakistan provides loans for different purposes to a great number of persons. Different loans have singular time limits and target customers Examples includes Small Finance, Cash Finance, Agriculture Finance, Cash & Gold Loan, Personal Loans, Running Finance, Corporate Finance, Export Import Financing, House Building Finance (Saiban) and NBP Karobar Scheme,
Free internship report on NBP
Customers can collect their money through bills. They present their cheques, drafts and other bills for collection at the counter. The collection may be from any bank in Pakistan. These days Online Banking is more popular for this purpose.
Cash Department
Different types like Chest, Sub-chest and Non-chest branches of NBP are there. NBP also serves as a custodian of money being the agent of SBP. SBP supplies currency notes to NBP and SBP monitors the cash flow. Cash In charge and other cashiers deal with cash receipt and payment in the bank and only a limited amount can be put outside the chest at a time.
Compliance Department
Virtual global knowledge provide Role of branch compliance department is to settle the prescribed frequencies, investigate long pending reconciliation item, and ensure correct treatment after every half-year and clearing system service of branches in major cities of Pakistan. Internal control is the integration of the activities, plans, attitudes, policies and efforts of the people of the bank working together to provide reasonable assurance that the organization will achieve its objectives and mission.
Government Receipts and Payments Department
National Bank of Pakistan has an elite and heavy functionality of working as an agent of SBP and on his behalf many types of government payments and receipts. Payments of Pension, Salaries, Grants, Zakat, Benevolent Fund, Treasury Refund and Taxes Refund are disbursed through the National Bank of Pakistan.
National Bank of Pakistan is basically a Financial Organization. It deals with borrowing, lending and investing activities. The nature of operations conducted by the bank is different and unique from other Banks/financial institutions working in Pakistan. NBP is the largest commercial bank of Pakistan. It has balance sheet size greater than any bank in Pakistan. After redefining its role it has become a modern commercial bank rather than a public sector organization.
The Bank's services are available to individuals, government and corporate sector. It acts as trustee of public funds and also as the agent to the State Bank of Pakistan (in places where SBP does not have a presence). it has a diversified business portfolio and is today a front end player in the debt equity market, agricultural financing, corporate investment banking, retail and consumer banking, treasury services and is taking growing interest in developing the country's small and medium enterprises. It is also fulfilling its social responsibilities of being a corporate citizen.
Main clients of the National Bank of Pakistan includes
1. Government servants
2. Farmers and landlords
3. Firms and corporations
4. Small businessmen
5. State Bank of Pakistan
6. Other banks working in Pakistan
7. students
8. General public
Deposit Department
The two major types of accounts are Saving Account and Current Account. PLS saving accounts are used by customers to keep their money in bank whereas the current account is used by businessmen to keep their business account in bank
Advances Department
Free Internship Report on National Bank of Pakistan
National bank of Pakistan provides loans for different purposes to a great number of persons. Different loans have singular time limits and target customers Examples includes Small Finance, Cash Finance, Agriculture Finance, Cash & Gold Loan, Personal Loans, Running Finance, Corporate Finance, Export Import Financing, House Building Finance (Saiban) and NBP Karobar Scheme,
Free internship report on NBP
Bills Department
Customers can collect their money through bills. They present their cheques, drafts and other bills for collection at the counter. The collection may be from any bank in Pakistan. These days Online Banking is more popular for this purpose.
Cash Department
Different types like Chest, Sub-chest and Non-chest branches of NBP are there. NBP also serves as a custodian of money being the agent of SBP. SBP supplies currency notes to NBP and SBP monitors the cash flow. Cash In charge and other cashiers deal with cash receipt and payment in the bank and only a limited amount can be put outside the chest at a time.
Compliance Department
Virtual global knowledge provide Role of branch compliance department is to settle the prescribed frequencies, investigate long pending reconciliation item, and ensure correct treatment after every half-year and clearing system service of branches in major cities of Pakistan. Internal control is the integration of the activities, plans, attitudes, policies and efforts of the people of the bank working together to provide reasonable assurance that the organization will achieve its objectives and mission.
Government Receipts and Payments Department
National Bank of Pakistan has an elite and heavy functionality of working as an agent of SBP and on his behalf many types of government payments and receipts. Payments of Pension, Salaries, Grants, Zakat, Benevolent Fund, Treasury Refund and Taxes Refund are disbursed through the National Bank of Pakistan.
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Author: Mohammad
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