An analysis of General Banking Operation of EXIM Bank Limited: A study on Ring Road Branch
Commercial banks are one of the key contributors in the economy of developing countries. They act as financial intermediaries by performing the function of mobilizing the funds from one party and lending the same to another while making a reasonable amount of profit. People and the government itself are very much dependent on the services provided by the various banks in the financial market. Export Import of Bangladesh Limited has started its journey as a private commercial bank on August 3, 1999. The whole working process of Ring Road Branch, EXIM BANK Ltd. is divided into 3 sections. They are 1) General Banking, 2) investment and 3) Foreign Exchange. I have tried to make acquainted with the bank and branch in this report. General banking is the starting point of all the banking operations. This department provides day to day services the customers. It includes new accounts, remit funds, issue bank drafts and pay orders etc. provide customer through quick and sincere service. The Islamic bank collects deposit from different viewpoint. The bank gives the depositors the rate of profit they earn from their operation. Here the bank goes with the client a type of business relationship. The various kind investment categories under Islamic rules are also included in the report. Bank invests the deposit amount to the client who provides effective efforts, energy and time to acquire profit. Here bank acts as a Shahib AL Mal and client ac as a Mudarib. Foreign Exchange department plays significant roles through providing different services for the customers. L/C is the key part of foreign exchange business. Shortly it can be say; this repot in its beginning introduced the EXIM Bank Ltd. which shows its historical background, the vision, mission, corporate strategy and the other aspect like the Banking with shariah principles etc. Next the report shows highlights on the EXIM Bank Ring Road Branch. Then it’s come with the topic general banking operation also my duties and responsibilities with that. From the investment and general banking we got to understand the Islamic banking concepts and the way the Islam thinks the interest and what a bank should be. Different product/ services offered by EXIM Bank are shown in brief. “EXIM Bank Limited, Ring Road Branch” is shown, with SWOT analysis showing its strengths, weakness, opportunity and threats. And at last recommendation also provided from my view point.
- Journal of law