My Intern Report.editED
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Transcript of My Intern Report.editED
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8/2/2019 My Intern Report.editED
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American International University Bangladesh
Proposal for the Internship Affiliation Report on:
Transaction Banking of Standard Chartered Bank
Submitted To:
Ms. Bohi Shajahan
Supervisor
Submitted By:
Nasir, Nowrin Binte
ID: 08-11332-2
Department of Business Administration
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1.Introduction1.1 Title of the Study:
Transaction Banking of Standard Chartered Bank
1.2 Rationale for Selecting the Report:
Every day billions of transactions are made around the world. So, there is no matter to
surprise that Transaction Banking is an incredibly important area for banks. Transaction
banking is evolving from a stand-alone activity to one that's a valuable and strategic
component of the organization itself. This is the main reason to be rationale for choosing this
topic. If I am working on this topic it will help me to know more about transaction system of
this bank.
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1.2 Profile of the Organization:
Standard Chartered Bangladesh is a banking and financial services company headquartered in
Dhaka, Bangladesh and a wholly owned subsidiary of Standard Chartered. We are the oldest and
largest foreign bank in Bangladesh.
Standard Chartered has been operating in Bangladesh for over a hundred years. ThisBank
was
established in 1905 at America. After the partition of the subcontinent in 1947, Bangladesh
became East Pakistan; thereafter SCB started its business in 1948, in the port city of Chittagong.
Standard Chartered Bank is doing exceptionally well in Bangladesh. This is only bank that never
closed its doors over 100 years of banking operation in the country.
Today, Standard Chartered Bank is the largest international bank in Bangladesh with 26
Branches, 57 ATMs and 7 Financial Kiosks; employing over 1,300 people. They are the only
foreign bank in the country with presence in 6 cities of Bangladesh, They are- Dhaka,
Chittagong, Khulna, Sylhet, Bogra and Narayanganj. This bank is only the country's only
offshore banking units inside Dhaka Export Processing Zone (DEPZ) at Savar and Chittagong
Export Processing Zone (CEPZ).
Standard Chartered Bangladesh has bought out the Bangladesh operations of various other
foreign banks such as Grindlays Bankand American Express .The acquisitions of Grindlays bank
(in 2000) and the commercial banking business of American Express Bank in Bangladesh (in
2006) are reflections of the Banks increasing commitment to Bangladesh.
The bank increasingly invested in people, technology and premises as its business grew in
relation to the country's thriving economy. We currently provide both Consumer Banking and
Wholesale Banking Services, ranging from Personal & Corporate Banking to Institutional
Banking, Treasury and Custodial services.
Extensive knowledge of the market and essential expertise in a wide range of financial services
underline our strength to build business opportunities for corporate and institutional clients in
Bangladesh. Continuous upgrading of technology and control systems has enabled the bank to
offer new and improved services such as Phone banking, I-banking, e-Lending.
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1.3 Objective of the Report:Primary Objective:
The main objective of this report is to put emphasis on the services provided by theTransaction Banking department Of Standard Chartered Bank and presenting the current
market scenario of Standard Chartered Bank. Here I am also presenting the current
market condition of Standard Chartered Bank as a Foreign Commercial Bank in
Bangladesh.
Secondary Objectives:
Getting familiar with the working environment of a multi-national banking institutionthat is Standard Chartered Bank.
To know about the management style and organizational structure of Standard Chartered Bank. To identify their major risks, strength, weakness, opportunities and threat of Transaction Banking
Sector of this bank. To know about overall banking functions.
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Submitted by:
Name of the Student Intern: Nasir, Nowrin Binte
ID No 08-11332-2
Major: Accounting & Finance
Date: 01/03/2012
Action by the Supervisor: Approved-------------
Disapproved---------
Approved with Revision----------