Internship at Soneri Bank Limited

Internship At Soneri Bank Ltd. Rahim Yar Khan Submitted by Hafiz Abdul Hameed

SONERI BANK LIMITTED

Prepared By

Sehrish Fatima BBA (HONS) FinanceSession 2005-2009

Department of management sciences The Islamia University of Bahawalpur Rahim yar khan campus

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Internship at soneri bank limited

Soneri Bank:

SBL Incorporated on September 28, 1991 the first Branch of Soneri Bank Limited formally opened doors for operations in Lahore on April 16, 1992 followed by Karachi Branch on May 09, 1992. The bank now operates with 117 branches spread all over Pakistan including the Northern Areas of the country where no other private bank has ventured so far.

Soneri Bank Limited Rahim Yar Khan Branch:

Soneri bank limited Rahim Yar Khan Branch started its operation on March 19th 2007.it is located on Model Town, Town hall area, Rahim Yar khan. The location is connected to all the main trade centers in Rahim Yar khan. The Brach is doing work efficiently working and streaming towards great achievements.

Different factors through which branch gained benefit asRahim Yar khan is linked to many villages.Agro base area constituting growers and gainersIndustrial areaThe total strength of the staff in SBL Rahim Yar Khan is 9.All the staff is very qualified dynamic, energetic and having great working experience. Designation and detail as follows.

Manager Mr. Rao Muhammad Arif Islam

AFO Mr. Shahid IqbalMr. .Muhammad Khalid

Operation ManagerMr. Muhammad Alam

CD Incharge Mr. Muhammad Umair Khalid

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IT System AdminMr.Altaf Qadir

Chief cashierMr.Shabir Ahmed

Cashier Mr.Altaf Ali

NCSMr.Shabir Ahmed

My working experiencesI worked at SBL Rahim Yar Khan for six weeks & it gave me a greater practical knowledge about the operations of a bank. Although, a derisory period of six weeks is not enough to learn the complex operations of Soneri Bank Limited. Yet I made industrious efforts to seek knowledge and experience I had worked in various department such as:

Account opening department Clearing Department Collection Department Remittance Department Credit Department Cash department.

Account Opening department:The general banking department performs various functions among them the first and most important function is A/C opening. The bank reserves the right to open any account, which in its opinion is suitable as a customer. Bank offer such types of account like

Current account PlS Saving Account Basic Banking Account Soneri Saving Account

Clearing department:

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Collection department:

This department is controlled by Mr.Umair Khalid. The clearing process majority involves receiving the cheque and making payments. This process can be inward or out word.This Department includes Inward Bills for Collection and out Bills for Collection.OBC.The bills which are sent to their cities bank for local clearing in that city, are the out word Bills for Collection.IBC.The Bills are received from other Banks out of the city for the local clearing are called in ward Bills for Collection.Remittances Department:Remittance Department Provides Services to the customer of the Bank The main Function of this Department is transfer fund.incharge of third department is Mr.Muhammad Khalid.Instruments

Demand DraftTelegraphic TransferPay order

Credit DepartmentCredit facilities branch may offer to customer. This department is controlled by Mr Muhammad Khalid and Mr.Shahid Iqbal Facilities given as:Running FinanceCash FinanceDemond FinanceAgriculture loans.Letter of GuaranteeCash Department It is the sensitive department of the Branch. No Person is Allowed to enter in the premises of cash Department. This department is supervised by Mr Shabir Ahmed and Mr Liaqat AliIt provide facilities as Cash DepositsCash Withdrawal.

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I had a wonderful experience of doing internship in SBL Bank. I have got much information regarding the practical work of bank. SBL is one of the leading banks of Pakistan. It has a greatest network of branches in the country.

If we talk about the financial position of the bank it is outstanding, its earning is very well and increasing year by year. It should provide more services to the people because it is the ear of competition and private banks are struggling more to provide products and services to the people.

I have a very good experience to work here and I have learned lot of things regarding banking operations and especially the staff of the bank is very diligent, honest and devoted to their work. They all have guided me for better work.

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Internship at Soneri Bank Limited

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