Posted on 18th Oct 2024 12:47:04 AM Finance
1.1. Introduction
Economy is a complicated dynamic system of relationship between different agents of society where banks play a vital role to mobilize the economy. In a dynamic economy, the banking institutions make the monetary system more dynamic. Modern economic functions are meaningless and seedless without bank. To make the social system developed and dynamic no one can deny the role of bank by any means. Banks at as a financial intermediary to mobilize fund from the surplus to deficit economic units. Now a day’s banks play a vital role as leading financial intermediary to meet the growing needs of every economy.
After the emergence of Bangladesh, the banking system has expanded to a lot in the last three decades. Though many private commercial banks have been established, the major portion of banking business is covered by the four nationalized commercial banks such as- Sonali, Janata, Agrani, and Rupali Bank Ltd. In our country, Sonali Bank is treated as the leading banking institution after the Bangladesh Bank.
The National Bank of Pakistan, the bank of Bahawalpur Ltd. and the Premier Bank Ltd. were jointly declared as Sonali Bank by the Presidential order in 1972. Now, Sonali Bank continues its operations with 1186 (after closing) branches. Its head office is situated at Motijhel, Dhaka. Sonali Bank, Rajshahi Greater Road Branch started its operation in1973. It is situated in Laxmipur; this branch is headed by a senior principal officer and 32 employees. This is one of the busiest commercial Bank in Rajshahi town. This branch serves all types of loan facilities authorized by the head office except C. C (Pledged). The special feature of this branch is that it is declared as a special Collection branch by the head office, this branch provides credit to fisheries project, Poultry firm etc. It also provides small loans.
All the financial transactions of Sonali Bank, Rajshahi Greater Road Branch is performed by this branch. Moreover, it provides banking facilities to the local businessmen of Laxmipur area. As a special deposit collection branch it provides credit to more than 100 projects which involved: Fisheries, Poultry etc. Besides all these facilities, this branch also provides the O. D facility to its customers. Moreover, it provides the locker facility to ensure the security of the valuables of its customers.
Sonali Bank, Rajshahi Greater Road Branch is headed by a senior principal officer who acts as a manager. There are two principal officers, five senior officers, eleven officers, six sub-accountants, others clerical and non-clerical employees work under branch manager. During my training at Sonali Bank, Rajshahi Greater Road Branch, I learnt about general banking procedure such as: Cash receipt and payment, Remittance, Demand Draft (DD), Mail transfer (MT), Telegraphic transfer (TT), statement of affairs, Loans and advances, Token issue etc. Though I have got an overall idea about banking. I have to focus on Branch performance up to year 2000 to 2004.
1.2. Objectives of Sonali Bank
Sonali Bank has a various types of Objectives. Important objectives of Sonali Bank are as follows:
1. To collect of deposits
2. To secure deposit
3. To inspire savings
4. To control loan
5. To expand trade and commerce
6. To helps in industrialization
7. To increase the capital formation
8. To provide the customers service
9. To earn profit
1.3. Function of Sonali Bank
Main functions of Sonali Bank are:
1. Receiving of money on deposits
2. Conducting cash transaction of customers who have current accounts
3. Attending bills of exchange and drafts of customers.
4. Sanction of loan
5. Providing other services to the customers, e.g.
6. Transfer of money
7. Collection of receipts
8. Collecting interest, dividends, rents, pensions, etc.
9. Act as an advisor.
CONTENT
CHAPTER ONE: INTRODUCTION
1.1. Introduction
1.2. Objectives of Sonali Bank
1.3. Function of Sonali Bank
1.4. An Organizational Setup of Sonali Bank, Rajshahi Greater Road, Branch
CHAPTER TWO: GENERAL BANKING
2.1. Location of this bank
2.2. Introduction
2.3. Types of Account
2.3.1. Fixed Deposit A/C
2.3.2. Short Term Deposit A/C
2.3.3. Deposit Pension Scheme (DPS)
2.3.4. Sonali Bank Special Deposit & Pension Scheme (SDPS) A/C
2.3.5. Savings Deposits Account
2.3.6. Current Deposits Account
2.3.7. Call Deposits A/C
2.3.8. Sundry Deposit Account
2.4. Account Opening
2.4.1. Procedures of opening a CD A/C
2.4.2. In case of joint account, the applicant must furnish the following information and papers
2.4.3. Procedures of Opening a Savings Deposit (SD) A/C
2.5. Closing an Account
2.6. When bank closes an Account:
2.7. General Banking Functions of Cash Department
2.8. Cash Payment
2.9. Cash Receipt
2.10. Check Dishonored by Bank
2.11. Profit and Loss Ledger
2.12. Statement of Affairs
2.13. Check Clearing Through Clearing House
2.14. Remittance
2.15. Types of Remittance
2.16. Customer Services
CHAPTER THREE: DEPOSIT BEHAVIOR
3.1. Introduction
3.2. Types of Deposit by Sonali Bank, Rajshahi Greater Road Branch
3.2.1. Fixed Deposit
3.2.2. Short Term Deposit
3.2.3. Deposit Pension Scheme (DPS)
3.2.4. Sonali Bank Special Deposit and pension Scheme (SDPS)
3.2.5. Savings Deposit
3.2.6. Current Deposit
3.2.7. Call Deposit
3.2.8. Sundry Deposit
3.3. Interest rate of deposit
3.4. Deposit Mix Position in the year of 2004
3.5. Trend of Total deposit
3.6. Deposit Position of Fixed Deposit Account
3.7. Deposit position of short term deposit (STD) Account
3.8. Deposit position of deposit pension scheme (DPS)
3.9. Deposit position of Sonali Bank special deposits & pension scheme (SDPS)
3.10. Deposit position of savings deposit account
3.11. Deposit position of current account
3.12. Deposit position of call deposit account
CHAPTER FOUR: LOAN AND ADVANCES
4.1. Introduction
4.2. Objectives of the Loan
4.3. Sources of Lonable Fund
4.4. Types of the Loan
4.5. Judgment of loan policy
4.6. Security
4.7. Loan ledger
CHAPTER FIVE: EVALUATION OF THE BRANCH PERFORMANCE
5.1. Introduction
5.2. Loans and Advance
5.3. Recovery of loans and advances
5.4. Profitability
5.5. Causes of classification/poor recovery
5.6. Problems of deposit collection
5.7. Problems of loan disbursement
CHAPTER SIX: PROBLEMS, RECOMMENDATION AND CONCLUDING REMARKS
6.1. Problems of Sonali Bank, Greater Road Branch, Rajshahi
6.2. Recommendation
6.3. Concluding Remarks
BIBLIOGRAPHY
Internship, Report, Performance, Evaluation, Sonali, Bank, Greater, Road, Branch, Rajshahi, Bangladesh, General, Banking, Account, Fixed, Short, Special, Deposit, Pension, Scheme, DPS, Savings, Current, Cash, Department, Payment, Receipt, Check, Dishonored, Remittance, Customer, Services, Loan
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