EXECUTIVE SUMMARY

I had completed my internship in the Allied Bank Limited Taj pura Branch. I worked at various department of the bank. Such as in account opening department, accounts department, cash department and did some work at clearing and remittances department. The working environment at Bank was very good. The staff was very cooperative and friendly. Following are the some objectives of studying the organization as an internee: To gain the experience regarding the working of the organization as an internee. To evaluate the financial position of the organization in the economy. Finding out the weaknesses, strengths of the organization and making the SWOT Analysis of the organization. With the help of professional experience gained during the internship, to prepare the report that is the final requirement of the degree of B.com(hons.).

The subject, which I studied during the course of B.com(hons) were strongly related to what I implemented during my internship in Allied Bank Limited. As dedicated and highly competent instructors train me, so I had enough essential and basic knowledge of how to perform technical tasks during internship, the practical use of B.com(hons) during the duration of the internship can be briefly understood as follows.

In account opening department I learn that how to open the account and what are the procedure in the opening of account, which type of documents are required for opening of account. And what types of account Allied Bank offer or types of account in Allied Bank.

It is basically a first contact the customer establishes with the bank and vice versa. A mutually beneficial relationship, between a banker and a customer, starts with this department. Main functioning of account opening department may be Opening of account, Cheque Books, Maintenance of account etc.

In clearing Department major task is to send the cheques for the clearing to different banks, the basic function of this department is to serve the clients who want to get cash against a cheque of another bank. Clearing is a system by which banks exchange cheques and other negotiable instruments drawn on each other within a specific area and thereby secure payment for their clients through the Clearing House at specified time in an efficient way. There are two types of clearing outward clearing, inward clearing.

During my practical training in the foreign exchange department I learnt the basics of Foreign exchange, how to calculate local currency in terms of foreign currency, and how to calculate the foreign currency in terms of local currency.

One of the main departments which I like to tell about that is Credit Card Department in this department I learn that how credits are issued. Allied Bank gives credit as advances to their specific customer or employees. Credit is the life line of a business. Almost 80% of worlds business is working on credit. Such facilities not only help the businessmen in liquidity crunch but also help them in extension of business. There are no maximum or minimum limits to gives advances. It depends on customer relation with the bank.

Another of the main departments of allied bank is the remittance department which deals with the transfer of money from one place to another. Now-a-days remittance is considered as one of the major functions of a commercial bank. Ill only discuss the instruments of local remittances.

So, as a whole I can say that internship was related to the studies of the B.com(hons) a lot, and such an activity provides practical exposure to the student and lets them to understand the importance and weight age of the studies done during the course of B.com(hons).And truly without this activity, B.com(hons) would not have the same worth as it has.

TABLE OF CONTENTS
INTRODUCTION overview of Allied Bank Limited Nature of Allied Bank Limited Business Volume Table of Revenue, Deposits, Investments and Advances Earning Per Share 4 6 7 8 9 10

Employees PRODUCTS LINES Overview Deposits offered by Allied Bank Limited Current Account PLS Account Allied Basic Banking Account Allied Business Account Foreign Currency Deposits

11 11 11 11 12 12 13 13 13 11 11 12

Advances Consumer Banking Services Personal Finance Business Finance Allied ATM

Agency & Utility Services General Banking Services On-Line Banking Allied Lockers Internet Banking 13 13 14 14 14

Price

MISSION STATEMENT ORGANIZATIONAL STRUCTURE Structure of Overall Organization in terms of Reporting Lines Divisions under Organogram of Head Office Corporate Banking and Financial Institution Division Corporate and Investment Banking International Division Treasury

15 16 16

18 18 18 18 18

Operations and Credit Division System and Operation Divisions Electronic Technology Division Credit Division Compliance and Data Division 19 19 19 19

Retail Banking Division Investment Products Unit Asset Products Unit Credit Cards Unit 20 20 20

Planning Division Human Resource Division Finance Division Legal affairs Division 21 21 21 21 22 23 23 28 28 28 29 5

Audit Division Regional Heads Introduction to Branch Structure of the Branch in Terms of Reporting Lines Review of various Departments Account Opening. Opening of Account Cheque Books

Maintenance of Accounts Miscellaneous

30 30 30 31 32 32 33 34 34 35 35 35 36 37 37 38 40

Collection Clearing Outward Clearing at the Branch Inward Clearing at the Branch Outward Bills for Collection (OBC) Inward Bills for Collection (IBC)

Remittances Demand Draft Pay Order Payment of Remittances Term Deposit Accounts Call Depository Receipt Credit Modes of Securing Credit

Accounts / Finance Department Structure of Accounts / Finance Department in terms of Reporting Lines Functions of Accounts / Finance Department Budgeting Reporting Closing Entries Daily Activity Checking Report of all Major and Minor Expenses Salary Records

40 40 40 41 41 41 42 42 43 44 45

Role of Financial Manager Sources and Generation of Funds Allocation of Funds

FINANCIAL ANALYSIS Financial Ratio Analysis of Last 2 Years Liquidity Ratios Financial Leverage (Debt) Ratio Profitability Ratios Market Ratios Activity Ratios Advances to Deposit Ratio Cash Reserve Ratio 46 46 48 50 54 57 59 60 61

Trend / Horizontal Analysis of Last 5 Years Balance Sheet Vertical / Common Size Analysis of Last 5 Yeats Balance Sheet Comparison of Allied Bank Limited with other Banks Future Prospects of the Organization SWOT ANALYSIS CONCLUSIONS RECOMMENDATIONS Reduce Burden of Work Job Rotation ATM Facility Shortened Promotion Period Banking Environment Flexible Policies Job Security Permanent Hiring Perquisites & Allowances Revival of the Charges REFERENCES ANNEXES I- Organogram of the Organization

Trend / Horizontal Analysis of Last 5 Years Profit & Loss Account 63 64 Vertical / Common Size Analysis of Last 5 Yeats Profit & Loss Account 66 68 69 70 72 73 76 73 73 73 73 74 74 74 74 74 75 76 76 7

II- Organogram of the Branch III- Organogram of the Accounts Department of the Branch

77 78