Internship report on foreign exchange business of Bank Asia Limited: A study on Scotia Branch.
This report is an individual assignment as a part of the program under the BBA curriculum of Daffodil International University. The primary objective of this report is to know how this Bank Asia Limited is doing their Foreign Exchange Activities. I have prepared this report on the basis of my practical job experiences at Bank Asia Limited. This Internship program helped me to learn about the current situation of a financial institution. I have also implemented my theoretical knowledge into practical and realistic work environment. Banks play a vital role in the economy of the country. Countries‘ development greatly depends on the activities of the bank. Commercial Banks take deposit and give away loans. These banks help in savings. Savings create investment. Finally the commercial Banks play a significant role in import of country through opening of bank L/Cs. These assist to earn foreign currency by helping the exporters in export. The bank provides the customers with the safety, liquidity and profitability by means of different savings media offering different degrees of a mix of liquidity return and safety of savings. The saving banks use as their key of business. They invest the savings in higher degree of return and maximize their profit in business. This is a descriptive research designed to evaluate the promotional strategy of Bank Asia Limited based on observed facts and figures. This Bank is registered by the central bank; Bangladesh Bank. It follows the rules and regulations prescribed by the Bangladesh Bank. The functions of the bank cover a wide range of banking and functional activities to individuals, firms, corporate bodies and other multinational agencies.
- Journal of law