Muslim Commercial Bank (Internship) 2

 

PREFACE

       In the name of Allah, the most beneficent, the merciful. Allah has created man superior than all living and non-living things. Man is superior to all living things due to his developed consciousness and knowledge. Islam lays special emphasis on the acquisition of knowledge. So ALLAH have able me to present this report. In fact internship is the golden opportunity for the students of management sciences to improve the skill, knowledge of management in the practical environment of different organizations. The main purpose of this report is to fulfil the requirement of M. Phil course. In this perspective university sent me to Muslim Commercial Bank Limited Branch Mansehra.

.    It was difficult for me which topic should be including in the report, due to this I have included topic as to cover the requirement.

     This report is the outcome of my observations and experience during the eight-week stay at the branch; I got the opportunity to watch the operations and working environments of the bank with close eyes. The source of my information for the preparation of this report includes verbal discussion with bank staff, my teachers, class fellows and senior student.

      While all effort have been made to check and recheck this report and despite my deep study of this report some inaccuracies are likely to have crept in. I request my readers to kindly point them out to me. Suggestion for the improvement on the report will be thankfully received.

                    

NOOR AFZAL SHAH

MBA (FINANCE)

                                                                                     Yasir Mehmood

                                                                        M. Phil (Management)

ACKNOWLEDGEMENTS

                                

           I owe a debts of gratitude to all those who have helped me in this project. First, I thankful to the my Report co-ordinator, SIR ASIM-UR-RAHMAN, and also of my report supervisor SIR HAFEEZ-UR-RAHMAN Who not only give me the opportunity to show my creativity but also helped me in solidifying our ideas about proper method for managing report.

          Secondly, I am thankful to all my teachers, who made it possible for me to arrange a successfully report. Their creative ideas, extensive skills in their field undivided attention & loyalty with project, saved me from many problems.

         Thirdly, I especially thank Mr. IBRAHIM JAN YOUSAFZAI, who helped and guided me in every difficult situation.

          Fourthly, special thanks are due to all our friends, family members & our colleagues who have significantly influenced our thinking about report management, organization & presentation.

          At the last but not least, we are thankful to the branch manager of the Muslim Commercial Bank Branch Barikot. SIR. HUSSAIN and operation manager SIR JABIR KHAN whose great support makes for me to complete my report. Any one cannot survive without creative feedback. I find my self very lucky to have outstanding people whose gave me their response after the study my report.  And I extremely appreciate their feedback.

                     Because I strongly believe that,

“Criticism Every Time Open A New Vision Of Thinking For Me Which Becomes The Gateway For My Next Success.”

 

EXECTIVE SUMMARY

Department of Management sciences require its student of M. Phil to undergo an eight week’s internship program in a reputed organization. To fulfill this academic requirement and being a student of finance, I did my internship in Muslim commercial bank limited, Branch Mansehra. During Research Report, the banking transactions in various departments were observed. The report has been written with reference to all activities being conducted in MCB.

The purpose of the study is to evaluate the bank day to day transaction.

The evaluation is done in order to find out the problems in the working off the bank affairs. The recommendations are based on the analysis of the data collection during internship both from primary data source & secondary data sources.

The management and organizational structure of MCB is in conformity with organizational structure of other nationalized banks. This is become of fact that MCB was once operating in public sector. The board of director is the main controlling body looking after the affair of the banking. The board consists of president, being nominated by the government and directors.

The bank like other commercial banks has the basic objective of mobilization of resources and reinvesting them in profitable avenues. In order achieve this objective; the bank has developed innovative schemes in order to attract the depositors. MCB has successful in out playing other banks as far as innovations in deposit schemes are concerned. MCB has been able to locate opportunities in order to reap the benefits of its liquidity. There are various functions involved in securing deposits and reinvesting them for obtains profit. MCB has organized the department in such a way that the banking functions are done smoothly.

The bank has participated in self employment scheme for promotion of the small and medium size industries in Pakistan. Total assets of the bank have also increased day by day which represent stable operation of the MCB. The MCB, has however some deficient which needed to traced out, some of those can be attributed to the overall environment of the bank where as some deficient are specified to MCB. The TOWS analysis has however indicated that the bank is at advantages position. MCB has requires expertise to put the operations in right direction. Proper attention to these issues will be starting point. The bank is capable enough to take over the gray area.