nbp - internship rport

8/7/2019 NBP - Internship Rport

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The Organization National Bank of Pakistan

National Bank of Pakistan was incorporated in Pakistan under the National Bank of Pakistan

Ordinance, 1949 and is listed on all the stock exchanges in Pakistan. The bank is engaged in

providing commercial banking and related services in Pakistan and overseas. The bank operates

1,249 branches in Pakistan and 22 overseas branches (including the Export Processing Zone

branch, Karachi). Under a Trust Deed, the bank also provides services as trustee to National

investment Trust (NIT) including safe custody of securities on behalf of NIT.

The nature of responsibilities of the Bank is different and unique from other banks/financial

institutions. The bank also handles treasury transactions for the Government of Pakistan as an

agent to the State Bank of Pakistan for handling provincial/Federal Government receipts and

payments on their behalf. The National Bank of Pakistan has also played an important role in

financing the countrys growing trade, which has expanded through the years as diversification

took place. The bank is providing all banking services of mercantile and commercial banking

permissible in the country, which include:

Accepting of deposits of money on current, fixed, saving, term deposit and profit and loss

sharing accounts.

Borrowing money and arranging finance from other banks.

Advancing and lending money to its clients.

Financing of projects, including technical assistance, project appraisal through long term/

short term loans, term finance and musharika certificates, etc.

Buying, selling, dealing, including entering into forward contracts of foreign exchange.

Financing of seasonal crops like cotton, wheat, rice, sugar cane, tobacco, etc.

Receiving of bonds, valuables, etc. for safe custody.

Carrying on agency business for any description other than managing agent, on behalf of

clients including Government and local authorities.

Generating, undertaking, promoting, etc. of issue of shares and, bonds etc.

Transacting guarantee and indemnity business.

Undertaking and executing trusts.

Joint venturing with foreign dealers, agents and companies for its representation abroad.


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Participating in World Bank and Asian Development Banks lines of credit.Providing personalized Hajj services to intending Hajjis.

Organizational Hierarchy

Internship Experience In Different Departments

i) Deposit of Current and PLS Saving Accounts & Account Opening:

All banks depend on deposits. It is a very important department where customers deposit and

withdraw their money. Banks use this money for loaning on a higher rate to earn profits. Account

opening is also very vital now a days in the modern banking system, due to KYC (Know your

customer) , AML (Anti Money Laundering) and ATF (Anti terrorist financing) because ANL has

become a global issue and countries all across the world are vulnerable to it. I got training in this

department for a week, after which I understood its basic concept and application, as I practically

opened account of a few walk-in-customers and had to make thesure, that the rigid criterion is

followed in completing such procedures of the bank, in order to maintain the reputation of the

organization.

PRESIDENT

DIRECTORS / SEVPS

Provincial Cheifs / EVPS

Regional Cheifs / EVPS

Zonal Cheifs / SVPS

Vice Presidents

Assistant Vice Presidents

Officer Grade I, II, III

Clerical / Non Clerical Staff


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ii) Remittances and Bills

Another important department of the bank is remittances and Bills for Collection. People send

their money to other persons and organizations through various ways i.e. Bank Draft,

Telegraphic Transfer, Mail Transfer, Coupons, Govt. Draft and Western Union Money Transfer

etc. It works both inward and outward. Customers collect their money/amount through bills.

Apart from that, they also present their cheques, drafts and other bills for collection within the

city and out of the city through mail. Nowadays, Online Banking is becoming more popular to

serve such purposes, as it is easier, hassle free and more convenient. This is the department,

where I spent most of my time, almost three weeks, as I enjoyed interacting with a wide variety

of customers, ranging from the lower working class of the society, to the upper class and higher

ups of the bureacracy, as I catered to their day to day demands of money transfer and different

modes of payment tools.

iii) Government Receipt and Payment

In this department all types of Government Receipts i.e. Revenues, Taxes, Abyana, Agriculture

Tax, Government Fees, EOBI Funds and Utility Bills are deposited. This way NBP is serving a

great job of revenue collection on behalf of the SBP, for the government. Also, all types of

Government Payments i.e. Pension, Salaries, Grants, Zakat, Benevolent Fund, Treasury Refund

and Taxes Refund proceed through the bank. As, this department involved a lot of paerwork,

because of the lack of innovation and technology of the banks record keeping system, I only

spent a few days in this department, as the work was mostly clerical.

iv) Credit Department

NBP give loans to borrowers for different purposes. These loans are given for various sectors

and for different periods; Small Finance, Cash Finance, Agriculture Finance, Cash & Gold Loan,

Personal Loans, Demand Finance, Running Finance, Corporate Finance, Export Import

Financing, House Building Finance (Saiban) and NBP Karobar Scheme etc. The National Bank

of Pakistan has also been trying to ensure that loans are disbursed to genuine agriculturists within

a reasonable time and that the bank turns down no viable loan request. Due to the banks untiring

efforts, Retail and Commercial wing enhanced the profitability of the bank over the last few

years and National Bank became the largest profit-earning bank of the country by introducing

personal loans, i.e. NBP Advance Salary Scheme and Saiban Scheme. It took me a full week to

understand the working of this department of the bank, as being an intern, I wasnt allowed to


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take individual responsibilities and tasks involving decision making, therefore, I spent most of

my time understanding the basic structure of different forms of credit facilities offered by the

bank to its customers and gained an insight regarding the strict protocols it followed, as per their

own policies, as well as SBP rules and regulations.

nbp - internship rport

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