Vous êtes sur la page 1sur 80
INTERNSHIP REPORT SILK BANK MBA (Banking & Finance) ALLMA IQBAL OPEN UNIVERSITY, ISLAMABAD.
INTERNSHIP REPORT SILK BANK MBA (Banking & Finance) ALLMA IQBAL OPEN UNIVERSITY, ISLAMABAD.

INTERNSHIP REPORT

SILK BANK

MBA (Banking & Finance)

INTERNSHIP REPORT SILK BANK MBA (Banking & Finance) ALLMA IQBAL OPEN UNIVERSITY, ISLAMABAD.

ALLMA IQBAL OPEN UNIVERSITY, ISLAMABAD.

INTERNSHIP REPORT SILK BANK MBA (Banking & Finance) ALLMA IQBAL OPEN UNIVERSITY, ISLAMABAD.
In The Name Of ALLAH Most Merciful and Compassionate the Most Gracious and Beneficent whose help
In The Name Of ALLAH Most Merciful and Compassionate the Most Gracious and Beneficent whose help
In The Name Of ALLAH Most Merciful and Compassionate the Most Gracious and Beneficent whose help

In The Name Of

ALLAH

Most Merciful and Compassionate the Most Gracious and

Beneficent whose help and guidance I always

Solicit at every step, at every moment.

In The Name Of ALLAH Most Merciful and Compassionate the Most Gracious and Beneficent whose help
PREFACE This Report is specially meant for the student of MBA. It is concerned to a
PREFACE This Report is specially meant for the student of MBA. It is concerned to a

PREFACE

This Report is specially meant for the student of MBA. It is concerned to a brief study of the operation, Function, tasks and services of Silk Bank of Pakistan.

Banking play very important role in the commerce and economic development of a country. Now-a-days banks are using different modern technologies, which influence the managerial activities, that’s why I decided to do my internship Training in the bank.

In preparation of this Report is have tried my best to provide all Possible information about the operation, function and tasks of Silk bank in brief and comprehensive form. It also includes a brief department worked during internship. I have also tried my best to use simple and easy words and language.

Then internship report ends with some recommendation after identification of some problems observed during the course of internship.

PREFACE This Report is specially meant for the student of MBA. It is concerned to a
Acknowledgement All praise is to Allah Almighty who granted me insight and devotion to perform such
Acknowledgement All praise is to Allah Almighty who granted me insight and devotion to perform such

Acknowledgement

All praise is to Allah Almighty who granted me insight and devotion to perform such creative work. I am grateful to all those who helped me completing this internship report.

I am thankful to all members of Department of Business Administration, Allama Iqbal Open University for extending cooperation to enter Silk Bank as an internee.

TABLE OF CONTENTS

Acknowledgement All praise is to Allah Almighty who granted me insight and devotion to perform such
Objectives of Studying the Organization 1. Overview of the Organization 2.1 History Of Silk bank 2.2
Objectives of Studying the Organization 1. Overview of the Organization 2.1 History Of Silk bank 2.2

Objectives of Studying the Organization

  • 1. Overview of the Organization

    • 2.1 History Of Silk bank

    • 2.2 Nature of the Organization

    • 2.3 Business Volume

    • 2.4 Number of Employees

    • 2.5 Product Lines & Services of Silk bank

  • 2. Organizational Structure

    • 3.1 Overall Organizational Structure

    • 3.2 Organizational Structure of Silk bank G-9 Branch

    • 3.3 Various Departments of Silk bank

  • 3. Structure of Finance/Accounts Department

    • 4.1 Structure of Finance/Accounts Department

    • 4.2 Finance & Accounting Operations

    • 4.3 Role of Financial Manager

    • 4.4 Technical Methods (Use of Electronic data)

    • 4.5 Funds Management

  • 4. Theoretical and Practical Concepts

    • 5.1 Daily Schedule For Evaluate A Bank’s Money Position

    • 5.2 Account Opening Procedure

    • 5.3 Customer Privacy

  • 5. Financial Analysis

  • Objectives of Studying the Organization 1. Overview of the Organization 2.1 History Of Silk bank 2.2
    6.1 Balance Sheet 6.2 Income Statement 6.3 Ratio Analysis 6.4 Horizontal Analysis of Balance Sheet 6.5
    6.1 Balance Sheet 6.2 Income Statement 6.3 Ratio Analysis 6.4 Horizontal Analysis of Balance Sheet 6.5
    • 6.1 Balance Sheet

    • 6.2 Income Statement

    • 6.3 Ratio Analysis

    • 6.4 Horizontal Analysis of Balance Sheet

    • 6.5 Horizontal Analysis of Income Statement

    • 6.6 Vertical Analysis of Balance Sheet

    • 6.7 Vertical Analysis of Income Statement

    • 6.8 Organizational Analysis

    • 6.9 Future Prospects of Silk bank

    • 6. Weaknesses of Silk bank

    • 7. Conclusion

    • 8. Finding and Recommendations

    • 9. References

    6.1 Balance Sheet 6.2 Income Statement 6.3 Ratio Analysis 6.4 Horizontal Analysis of Balance Sheet 6.5
    Objectives of Studying The Organization Chapter 1:
    Objectives of Studying The Organization Chapter 1:

    Objectives of Studying The Organization

    Chapter 1:

    Objectives of Studying The Organization Chapter 1:
    Why I studied the organization? My real objectives of the studying the organization are based on
    Why I studied the organization? My real objectives of the studying the organization are based on

    Why I studied the organization?

    My real objectives of the studying the organization are based on following facts:

    To study accounting finance issue of the organization its weakness strength

    To fulfill the requirement of department of Business Administration (AIOU) for the degree of MBA (Banking Finance)

    To improve my knowledge about finance department other different department of this organization

    To be a better manager of finance activities of huge organization

    To high light strength identify weakness residing internally with finance department of this organization

    To make better understanding of theoretical financial concepts being implemented in real world setting

    To have more insights into the type of situation actually being encountered in a daily organizational work

    Why I studied the organization? My real objectives of the studying the organization are based on
    Overview Of the Organization Chapter 2:
    Overview Of the Organization Chapter 2:

    Overview Of the Organization

    Chapter 2:

    Overview Of the Organization Chapter 2:
    S ilk bank is the Public sector financial institution. The Silk bank was established on 1949,
    S ilk bank is the Public sector financial institution. The Silk bank was established on 1949,

    S

    ilk bank is the Public sector financial institution. The Silk bank was established on

    1949, to serve as an agent to the SBP. Silk bank head office is in Karachi. It has 1249 regional branches and 18 overseas branches. Silk bank is a 52% share owned

    by the Government of Pakistan (GOP). Silk bank's total assets stood at PKR820 billion on mid of 2009. This included total earning assets of about PKR268 billion with gross loan portfolio of PKR140 billion. The bank also has an investment portfolio of PKR171 billion, which comprises treasury securities, corporate bonds, shares and other securities.

    History of Silk bank

    On September15 2001 under the supervision of State Bank of Pakistan (SBP), the institution thenknown as prudential bank was acquired by management associates of Saudi Pak industrial and agriculture investment company (Pvt) Ltd (SAPICO). Silk Bank (formerly Saudi Pak Commercial Bank) came into existence when a consortium of investors, comprising Bank Muscat SAOG, Nomura European Investments Limited and International Finance Corporation signed a share purchase agreement with the Saudi Pak investment group. On March 31, 2008 the consortium acquired 86.55% of the bank for around USD 26million or $0.47 per share (Rs 29.3 equivalent per share). Under the new leadership, the bank will continue to focus on SME and consumer financing resulting in efforts of increased profitability. In December 2009, after completing all regulatory requirements, the bank announced a Rights Issue of 311% at a discount of Rs 7.5 per share to generate additional capital of Rs 7.0billion to meet the MCR of the State Bank of Pakistan (SBP).

    S ilk bank is the Public sector financial institution. The Silk bank was established on 1949,
    On March 31, 2008, a consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos capital
    On March 31, 2008, a consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos capital

    On March 31, 2008, a consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos capital and led by senior bankers Shaukat Tarin and Sadeq Sayeed acquired an 85.55% stake in Silk bank for around $ 213 million or $ 0.47 per share (PKR 29.3 equivalent per share). Under the new leadership, the bank will continue focus on SME consumer financing resulting in efforts of increased profitability.

    “Saudi Pak Bank name changed Silk Bank”

    The State Bank of Pakistan notified Friday the change of name of Saudi Pak Commercial Bank Limited to Silk Bank Limited with effect from June 1, 2009. This change has been notified by the central bank in exercise of the powers conferred on it (SBP) by clause of sub-section (2) of Section 37 of the SBP Act, 1956.

    Nature of the Organization

    The main objective of the bank is to accept deposits and provide loans to its customers and also to be more efficient in providing services. The bank maintained its commitment to most efficient and personalized services to its customers. Silk bank of Pakistan introduced many remunerative schemes for its depositors and introduced computer services for the first time in the banking history of Pakistan. Silk bank gives advances to small, medium and big industries, commercial establishment, agriculture, construction companies and other needy persons. Silk bank collects electricity gas and telephone bills from public and over hundred branches of Silk bank Ltd. deal in foreign exchange were facilities are given to financial and commercial so its ultimate objective is to receive funds from the depositors and provides loans/credit facilities to different sector including trade, industry and agriculture in its most branches.

    On March 31, 2008, a consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos capital
    Business Volume Description (in Million) 2005 2006 2007 2008 2009 Share Capital 3,848 3,848 5,002 9,003
    Business Volume Description (in Million) 2005 2006 2007 2008 2009 Share Capital 3,848 3,848 5,002 9,003
    Business Volume Description (in Million) 2005 2006 2007 2008 2009 Share Capital 3,848 3,848 5,002 9,003
    Business Volume
    Description
    (in Million)
    2005 2006
    2007 2008
    2009
    Share Capital
    3,848
    3,848
    5,002
    9,003
    9,003
    Investments
    12,465
    15,829
    17,859
    12,012
    20,179
    Deposits
    37,136
    49,015
    42,374
    41,056
    49,610
    Advances
    19,513
    29,022
    25,875
    31,087
    32,097

    Volume of Share Capital has been increased since 2004.Volume of investment has been increased since 2004 because of increase in long –term investments by Silk Bank. Volume of Deposits has also increased in year 2009 and the volume of Advances has also been increased since 2008. Value of contribution made by Bank in Employees’ Provident Fund schemes for the year 2009 is as under:

    Provident Fund

    Rs 43.87 million

    Gratuity Scheme

    Rs 34.96 million

    Business Volume Description (in Million) 2005 2006 2007 2008 2009 Share Capital 3,848 3,848 5,002 9,003
    Number of Employees Followings are the no of employees working in 83 branches of Silk Bank
    Number of Employees Followings are the no of employees working in 83 branches of Silk Bank

    Number of Employees

    Followings are the no of employees working in 83 branches of Silk Bank in 32 cities

    Staff Strength (Permanent/temporary or contractual)

    1,259

    Support Staff

    700

    Total Number of Employees of Silk Bank

    1,959

    Following is the total no of employees working in Silk Bank G-9 branch

    Management Employees

    5

    Support Staff

    8

    Total Number of Employees of Silk Bank G-9 Branch

    13

    Product Line of Silk bank

    Loan and Advances

    M’Power

    Turnover is vanity, profit is sanity but cash is reality and good cash flow is the key to

    success of any business. Silk Bank M’Power offer running finance against your land, residential & commercial properties insuring a steady life line for your business.

    Convenient

    Land, residential and commercial properties acceptable as security

    Flexible Ever green facility with no principle repayment

    Affordable Mark up calculation on daily utilized amount only Accessible

    Number of Employees Followings are the no of employees working in 83 branches of Silk Bank
     Visa debit card acceptable internationally  Available in all major cities of Pakistan i-e Karachi,
     Visa debit card acceptable internationally  Available in all major cities of Pakistan i-e Karachi,

    Visa debit card acceptable internationally

    Available in all major cities of Pakistan i-e Karachi, Lahore, Rawalpindi, Islamabad

    & Gujranwala Online banking facility in 32 cities of Pakistan Fast process Fast processing with simple and hassle free documentation Eligibility Resident of Pakistan Self employed professional &businessmen in going concern over 3 to 5 year

    Monthly income of 50,000 Age 25-60 years Real estate collateral in shape of land, residential &/or commercial properties

    Insurance Products

    Roshan Mustaqbil

    Sunehra Kal

    Mehfooz Her Pal

    Silk Health Plan

    Roshan Mustaqbil

    A child is the most precious gift for any quality education is the best gift parents can give

    to their children Silk bank Roshan Mustaqbil Bancassurance is an education plan exclusively designed to cater your needs. The plan is underwritten by EFU Life Assurance Ltd.

    Roshan Mustaqbil is a flexible, tailor-made, complete financial package that facilitates you to plan your children’s future education requirements and guarantees a financially secure tomorrow even in case of any mishap.

     Visa debit card acceptable internationally  Available in all major cities of Pakistan i-e Karachi,
    Sunehra Kal Silk Bank Sunehra Kal bancaassurance is a saving and investment plan exclusively designed to
    Sunehra Kal Silk Bank Sunehra Kal bancaassurance is a saving and investment plan exclusively designed to

    Sunehra Kal

    Silk Bank Sunehra Kal bancaassurance is a saving and investment plan exclusively designed to cater all your needs. The plan is underwritten by EFU Life Assurance Ltd. Sunehra Kal is comprehensive financial planning package that gives you the dual benefit of protection along with potentially higher returns over a long- term on your saving and investment. The most important benefit of Sunehra kal is its flexibility to suit your needs. Sunehra Kal is an ideal, regular premium unit-linked plan, to all your dreams into reality.

    Mehfooz Har Pal

    Silk Bank Mehfooz Har Pal bankassurance is a simple yet comprehensive accident and hospitalization plan providing 24 hour worldwide coverage to the entire family. Mehfooz Har Pal guarantees your financial well by paying out cash on death, disSilkbankement or prolonged absence from work as a result of an accident or hospitalization due to an

    accident. The plan is underwritten by EFU Life.

    Silk Health Plan

    Health is undoubtedly the real wealth. In fact, good health is a treasure that every individual cherish the most .but unfortunately illness and disease are part and parcel of life and always exist. With the health care costs, sickness may not only lead to mental distress for the whole family but could also adversely affect the finance for a long time to come. The implications become even more severe if the illness result in prolonged hospitalization.

    With a mission to help people live healthier, wealthier and more successful lives Silk bank offers Silk Health Plan, a comprehensive healthcare package that provides financial protection in case of illness or accident that leads to hospitalization. The plan is underwritten by Allianz EFU.

    Sunehra Kal Silk Bank Sunehra Kal bancaassurance is a saving and investment plan exclusively designed to
    Utility Bills All branches of the Bank collect utility bills of electricity, gas and telephones. For
    Utility Bills All branches of the Bank collect utility bills of electricity, gas and telephones. For

    Utility Bills

    All branches of the Bank collect utility bills of electricity, gas and telephones. For convenience of the customers, Utility Bills are collected by the branches during banking hours and also in the evening banking on all working days. Bills can be paid through cash or checks. Consumers may drop bills with crossed checks into a drop box available at the branches under “Checks Drop-in” system.

    Foreign currency transactions

    Transactions in foreign currencies are translated to rupees at the foreign exchange rates ruling on the transaction date. Monetary assets and liabilities in foreign currencies are expressed in rupee terms at the rates of exchange ruling on the balance sheet date except that certain deposits, which are covered by forward foreign exchange contracts, are translated at contracted rates. Forward foreign exchange contracts and foreign bills purchased are valued at forward rates applicable to their respective maturities. Non-monetary assets and liabilities are translated using exchange rates that existed when the values were determined.

    Technology Products

    Visa Debit Card

    Mobile Banking

    E-Statements

    Sms Alert

    Silk Bank-Direct

    Visa Debit Card

    Utility Bills All branches of the Bank collect utility bills of electricity, gas and telephones. For
    With Silk Bank Debit Card get 24-hours access to cash anytime and anywhere around the world.
    With Silk Bank Debit Card get 24-hours access to cash anytime and anywhere around the world.

    With Silk Bank Debit Card get 24-hours access to cash anytime and anywhere around the world. Silk Bank Debit Card offers international acceptance and enables to draw cash, direct from account anywhere, any time. In case of stolen or lost cards, you can protect against fraudulent transaction made on your card after you report the lost.

    Mobile Banking

    Silk-Direct Internet Banking is accessible through GPRS enable mobile phones.

    Facilities of Mobile Banking are:

    Balance Inquiry

    Mini Statement

    Check Book Request

    Account Statement Request

    E-Statement

    E-Statement facilities

    No Hassles

    Simple Registration Process

    Desired Frequently Options

    Customers can request e-statement on a daily, monthly, quarterly, half-yearly and annually frequency.

    SMS Alert:

    Silk Bank Sms Alert offer to customers the ability to stay informed around the clock, any

    time.

    With Silk Bank Debit Card get 24-hours access to cash anytime and anywhere around the world.
    Once enrolled for SMS Alert, you will receive alert on transactions you select, from the following
    Once enrolled for SMS Alert, you will receive alert on transactions you select, from the following

    Once enrolled for SMS Alert, you will receive alert on transactions you select, from the following set of option:

    Banking Transaction:

    All Transactions

    Transaction of Rs.50, 000 & above

    Transaction of Rs.250, 000 & above

    Internet/ATM Transaction:

    All Transactions

    Transaction of Rs.10, 00 & above

    Silk Bank-Direct

    With Silk Bank Internet banking service we can access and manage our accounts

    anywhere, any time. With Silk Bank-Direct we can enjoy these amazing convenient internet banking facilities:

    Balance Inquiry

    Mini Statements

    Transaction Details

    Low Balance Alerts

    Accounts Statements Requests

    Fund Transfers

    Pay Order/Demand Draft Requests

    Cheque Book Requests

    Deposits Accounts

    Once enrolled for SMS Alert, you will receive alert on transactions you select, from the following
    ∑ Current Accounts o Online Express With Silk Bank Online Express you can enjoy complete online
    ∑ Current Accounts o Online Express With Silk Bank Online Express you can enjoy complete online

    Current Accounts

    o

    Online Express

    With Silk Bank Online Express you can enjoy complete online banking solution, all under one roof. And that’s not all; your online Express account opens the doors of the world for you with the power of the Silk Bank Visa Debit Card.

    o

    Basic Banking Account

    Opening an account was never so easy. Now open an account with Silk Bank with no premium balance requirement, with only Rs. 1,000. Two deposit transaction and two cheque withdrawals are allowed, free of charges, per month. Bank will charge Rs.100/- per transaction over and above the allowed free transactions. ATM withdrawals from all Silk Bank ATM free. In case of withdrawal from BBA through the ATM machine of other banks. Switch charges will apply in accordance with Schedule of charges. In case where balance in BBA remains ‘nil’ for continuous six-month period, the account will be closed.

    o

    Al-In-One Account

    Silkbank All-in-one Account provides you the ultimate security and protection, amazing banking facilities and much more convenience……all absolutely free.

    Unmatched Auto-Insurance Benefits!

    Now can avail an unbeatable auto-insurance rate as low as 2.5%, offered exclusively for Silk bank All-in-one customers!

    Worry-free Cash Withdrawals

    ∑ Current Accounts o Online Express With Silk Bank Online Express you can enjoy complete online
    Liberate yourself from the fear of being robbed of your cash. Silk bank All-in-one Account provides
    Liberate yourself from the fear of being robbed of your cash. Silk bank All-in-one Account provides

    Liberate yourself from the fear of being robbed of your cash. Silk bank All-in-one Account provides you free snatching and holdup cover of up to Rs.25, 000 per annum for ATM and over-the-counter cash withdrawals across Pakistan.

    Use your Mobile Phone without Fear

    Free yourself from the in securing of having your mobile snatched. Silk bank All-in-one Account provides you free cover of Rs.5, 000 for mobile snatching. This facility can be utilized once a year.

    Lost Your Document? No Problem!

    Liberate yourself from the stress of losing your vital documents, such as CNIC, Credit Card, Driving License and Passport. Silk bank All-in-one Account provides you free cover of Rs. 5,000 for theft or loss of your vital documents. This coverage can be utilize once a year and is designed to reimburse you for the cost of re-insurance of these documents.

    Liberate yourself from the fear of Home Burglary

    Feel protect at home with silk bank All-one-one Account. Your account provides you free

    cover for burglary of your house valuable up to Rs.100,000.

    Protect for your Family in case of Accidental Death or Disability

    o

    Silk bank All-in-one Accounts provides you free world-wide cover of up

    to Rs.200, 000 for accidental death and permanent disability.

    What’s more, you get the following benefits free:

    Free Pay Oder & Demand Drafts

    Free Intercity Transactions

    Free VISA Debit Card

    Liberate yourself from the fear of being robbed of your cash. Silk bank All-in-one Account provides
     Free withdrawals from all ATMs  Free Internet Banking  Free SMS Alerts  Free
     Free withdrawals from all ATMs  Free Internet Banking  Free SMS Alerts  Free

    Free withdrawals from all ATMs

    Free Internet Banking

    Free SMS Alerts

    Free Statements through Your Email

    Saving Accounts

    o

    Super Saver

    Highest Returns

    VISA Debit Card

    Higher the deposit, higher the returns

    Profit calculated on Daily Product Basis

    Can be operated by Individuals or Companies

    Profit is Payable monthly

    o

    PLS Account

    Through Silk Bank Saving PLS account, can avail now the benefit of saving of a Saving Account with the convenience of a current Account

    Profit paid out twice a year

    Monthly Profit of 5% on all Tiers

    VISA Debit Card

    Profit calculated on minimum balance every month

    Can be operated by Individuals or Companies

    Minimum balance required is Rs. 50,000

    o

    Foreign Currency Account

    Invest in Silk bank Foreign Currency Account to earn remarkable profit twice a year.

    Profit calculated on the minimum balance during the month

     Free withdrawals from all ATMs  Free Internet Banking  Free SMS Alerts  Free
     Profit credited after every 6 months  Can be operated by Individual or Companies ∑
     Profit credited after every 6 months  Can be operated by Individual or Companies ∑

    Profit credited after every 6 months

    Can be operated by Individual or Companies

    Term Deposits

    o

    Munafa Hi Munafa

    With Silk bank Munafa Hi Munafa Term Deposit Account can earn now the highest profit on a monthly basis Munafa Hi Munafa Term Deposit Account can open now with minimum balance of only Rs. 100,000.

    o

    Salana Munafa

    With Silkbank Munafa Hi Munafa Term Deposit Account can now earn the highest return on the lowest investment and the following returns:

    Overdraft facility of up to 90%

    ATM/Debit Card with account

    Online banking, E-Statement and Internet banking facilities

    Pay Order/Demand Draft facility with base account

    o

    7 Days Notice Deposits

    Silk Bank Special Notice Account is also available for 7 and 30 days.

    o

    Other Term Deposits

    With Silk bank Term Deposit Account can choose from a wide of tenures of 1 month, 3 months, 6 months and 1 year, based on customer requirements. With a minimum deposit of only Rs. 100,000, have the opportunity to earn higher returns on your deposits

     Profit credited after every 6 months  Can be operated by Individual or Companies ∑
    Automated Teller Machine (ATM) The Silk Bank Automated Teller Machine (ATM) launched means of providing customers
    Automated Teller Machine (ATM) The Silk Bank Automated Teller Machine (ATM) launched means of providing customers

    Automated Teller Machine (ATM)

    The Silk Bank Automated Teller Machine (ATM) launched means of providing customers with 24 hour cash convenience. Over the years its success has encouraged the bank to expand its network to major cities. In the past years, Silk Bank installed this convenience in Karachi, Lahore, Hyderabad, Islamabad / Rawalpindi, Faisalabad, Multan, Gujranwala, Quetta, Sialkot and ISLAMABAD. Further expansion plans to other cities are on the way.

    Debit Card Facilities

    • 1. Funds transfer on ATM A cardholder can transfer funds on the ATM from his account to any other account in any branch of Silk Bank up to a maximum of Rs. 100,000 per day.

    • 2. ATM Daily Withdrawal Limit Previously the card holders were allowed to withdraw Rs 25, 000 per day, which has now been enhanced as follows:

    ATM Cash Withdrawal Limit:

    Per transaction limit

    Daily limit

    Rs. 25,000

    Rs 100,000

    • 3. Other Enhancements For the convenience of the Cardholders the following enhancements have also been incorporated:

    Automated Teller Machine (ATM) The Silk Bank Automated Teller Machine (ATM) launched means of providing customers
    ∑ Screens have now become bilingual and the card holder has the option to operate the
    ∑ Screens have now become bilingual and the card holder has the option to operate the

    Screens have now become bilingual and the card holder has the option to operate the ATM in English or Urdu language.

    Fast cash maximum amount, which was previously Rs. 10,000, has now been

    enhanced to Rs. 25,000.

    Guide Lines for Standardization of ATM Operations.

    1.

    Cash Balancing Procedure

    The actual cash in ATM is to be balanced with ATM Journal Roll, in order to identify the suspect transaction Following steps must be taken before end of day

    o

    Put the ATM in Supervisory mode.

    o

    Obtain ATM Cash position on ATM Journal Roll

    The physical Cash in ATM must b equal to the amount appearing in the ATM Receipt. Under no circumstances the physical Cash should be placed shot in ATM while checking the cash in ATM, cash in the Reject Bin should also be checked and taken into account and the print in ATM journal for Reject Cash should also be verified. In case the physical / actual cash in ATM is more than the cash appearing in the journal then it means that customer’s account has been debited without cash disbursement, now the individual suspected transactions are to be identified on the basis of the verification from ATM Journal Roll, Branches should immediately complete process of “Automatic Credit” as per procedure and time frame mentioned below.

    ∑ Screens have now become bilingual and the card holder has the option to operate the
    2. Procedure and Timelines for Automatic Credit ∑ Same Bank-Same Branch: Branch to credit customer account
    2. Procedure and Timelines for Automatic Credit ∑ Same Bank-Same Branch: Branch to credit customer account
    • 2. Procedure and Timelines for Automatic Credit Same Bank-Same Branch: Branch to credit customer account on next business day. Same Bank-Different Branch (within same city) ATM acquiring branch after verification of the transaction from their ATM Journal Roll, must issue Credit Advice to the card issuing branch (the branch from where the card was issued / account of the card holder is maintained) on next business day. Same Bank – Different branch (different cities) ATM acquiring branch after verification of the transaction from their ATM Journal, Roll, must issue Credit Advice to the card issuing branch (the branch from where the card was issued / account of the card holder is maintained) on next business day. This whole process should be completed within maximum 4 business days.

    • 3. ATM Cash Replenishment

    ATM cash replenishment is done on daily basis, which is joint operation.

    The locking / opening of ATMs for replenishment are under dual control of

    the officers assigned by the customer services manger.

    All remaining physical cash in ATM shall be taken out and counted.

    Fresh currency notes shall be fed in to ATM according to assigned branch

    limit.

    2. Procedure and Timelines for Automatic Credit ∑ Same Bank-Same Branch: Branch to credit customer account
    COMMERCIAL FINANCE Silk bank dedicated team of professionals truly understands the needs of professionals, agriculturists, large
    COMMERCIAL FINANCE Silk bank dedicated team of professionals truly understands the needs of professionals, agriculturists, large

    COMMERCIAL FINANCE

    Silk bank dedicated team of professionals truly understands the needs of professionals, agriculturists, large and small business and other segments of the economy. They are the customer’s best resource in making Silk bank’s products and services work for them.

    TRADE FINANCE OTHER BUSINESS LOANS

    There are two types of trade finance.

    AGRICULTURAL FINANCE

    Silk bank provides Agricultural Finance to solidify faith, commitment and pride of farmers who produce some of the best agricultural products in the World.

    • a. Agricultural Finance Services:

    “I Feed the World” program, a new product, is introduced by Silk bank with the aim to help farmers maximize the per acre production with minimum of required input. Select farms will be made role models for other farms and farmers to follow, thus helping farmers across Pakistan to increase production.

    • b. Agricultural Credit:

    The agricultural financing strategy of Silk bank is aimed at three main objectives:-

    Providing reliable infrastructure for agricultural customers

    Help farmers utilize funds efficiently to

    further develop and achieve better

    production

    COMMERCIAL FINANCE Silk bank dedicated team of professionals truly understands the needs of professionals, agriculturists, large
    ∑ Provide farmers an integrated package of credit with supplies of essential inputs, technical knowledge, and
    ∑ Provide farmers an integrated package of credit with supplies of essential inputs, technical knowledge, and

    Provide farmers an integrated package of credit with supplies of essential inputs, technical knowledge, and supervision of farming.

    c.

    Agricultural Credit (Medium Term):

    Production and development

    Watercourse improvement

    Wells

    Farm power

    Development loans for tea plantation

    Fencing

    ∑ Provide farmers an integrated package of credit with supplies of essential inputs, technical knowledge, and
    Organizational Structure Of Silk bank Chapter 3:
    Organizational Structure Of Silk bank Chapter 3:

    Organizational Structure Of Silk bank

    Chapter 3:

    Organizational Structure Of Silk bank Chapter 3:
    Organizational Structure of Silk Bank Head Office PRESIDENT Regional Offices PRESIDENT MEMBER BOARD MEMBER BOARD Zonal
    Organizational Structure of Silk Bank Head Office PRESIDENT Regional Offices PRESIDENT MEMBER BOARD MEMBER BOARD Zonal

    Organizational Structure of Silk Bank

    Head Office PRESIDENT Regional Offices PRESIDENT MEMBER BOARD MEMBER BOARD Zonal Offices SENIOR EXECTIVE VICE-PRESIDENT SENIOR
    Head Office
    PRESIDENT
    Regional Offices
    PRESIDENT
    MEMBER BOARD
    MEMBER BOARD
    Zonal Offices
    SENIOR EXECTIVE VICE-PRESIDENT
    SENIOR EXECTIVE VICE-PRESIDENT
    EXECUTIVE VICE PRESIDENT
    EXECUTIVE VICE PRESIDENT
    Branches
    SENIOR VICE PRESIDENT
    SENIOR VICE PRESIDENT
    Overall Organization Structure of Silk Bank
    VICE PRESIDENT
    VICE PRESIDENT
    ASSISTANT VICE PRESIDENT
    ASSISTANT VICE PRESIDENT
    The day-to-day affairs of Silk bank are managed by Management of Silk bank who has to
    report to Board of Directors of Silk bank.
    OFFICER GRADE
    I
    OFFICER GRADE
    I
    OFFICER GRADE
    2
    OFFICER GRADE
    2
    Their reporting lines are given as follows:
    OFFICER GRADE
    3
    OFFICER GRADE
    3
    MESSENGER
    MESSENGER
    PEON
    PEON
    SWEEPER
    SWEEPER
    BRANCH HIERARCHY
    HIERARCHY
    BRANCH
    Organizational Structure of Silkbank G - 9 Branch
    Organizational Structure of Silkbank G - 9 Branch

    Organizational Structure of Silkbank G - 9 Branch

    Organizational Structure of Silkbank G - 9 Branch
    I did internship in (Silk bank), G-9 Branch, Islamabad. This branch was founded in July 1962.
    I did internship in (Silk bank), G-9 Branch, Islamabad. This branch was founded in July 1962.

    I did internship in (Silk bank), G-9 Branch, Islamabad. This branch was founded in July 1962. From last many years this branch is not only achieving its targets of deposits and advances rather it remains above the targets. According to the financial record of last year this branch was earning more than 20% of total profit of the region.

    Every year the targets of this branch are increasing by 20 to 25 percent but still there is a potential in the market to meet these additional targets. This branch is performing its functions in traditional style and now it has been converted into an online branch. First two weeks I worked in operation department, for next two weeks I worked in credit department and for rest of the time I worked with Business Manager where I learned lot of things including how to deal with corporate customers, with individual customer and how loans can be recovered from the customers. During the internship session I got the chance to perform on different activities, which are listed below, and short explanation is also given.

    Account Opening Department

    To open an account the customer have to meet the general banking manager with an introducer (the person who is going to introduce that person in the bank) and get an application form used for account opening. Different color-coded application forms are available for each type of account. Along with the form a card for specimen signature is also supplied to customer. Manager has every right not to accept this contract if he is not satisfied by the details provided by the customer. In case the contract is acceptable to both, now it is ready to open the account formally.

    Account Types

    I did internship in (Silk bank), G-9 Branch, Islamabad. This branch was founded in July 1962.
    Though in theory they’re many types of accounts but commonly account operators can be classified in
    Though in theory they’re many types of accounts but commonly account operators can be classified in

    Though in theory they’re many types of accounts but commonly account operators can be classified in one of the following categories, each have different documentation requirements:

    Single Joint Partnership Private Limited

    Credit Department

    The earning of a commercial bank is chiefly derived from interest charges on loans and discounts it. Now loans are recognized as advances or finances. The advances are made through the deposits that are kept in the bank by the customers. The bank pays profit on the deposited amount and receives mark up on the advances made of different amounts. Silk bank introduced the mark up based advancing in Jan1, 1985 when the Islamization of the economy was influence under this system of advancing the bank is entitled to receive a constant sum of money on the amount that is outstanding on the account of the party.

    Foreign Exchange

    To promote flow of foreign exchange in the country, the Government of Pakistan started a new scheme of opening of bank accounts in foreign currency. These accounts were entitled to receive profit percentage in shape of the currency in which the account was kept (Dollar account shall be paid profit in dollars). This has increased the flow of foreign currency especially from the Pakistani foreign residents, who used to send money to their

    Though in theory they’re many types of accounts but commonly account operators can be classified in
    families at home. The State Bank of Pakistan was given special rights to control and monitor
    families at home. The State Bank of Pakistan was given special rights to control and monitor

    families at home. The State Bank of Pakistan was given special rights to control and monitor the performance of the “Authorized Dealers” in foreign exchange accounts.

    Authorized Dealer is a person or an institution, which can deal with the foreign exchange. The authority is given by SBP to all those scheduled Banks who have adequate trained staff and facilities. These scheduled banks are given license to deal in foreign currency transactions.

    Remittance Department

    Remittance department provides services to the customer of the bank. The main function of this department is transfer of funds.

    Instruments of Bills and Remittance Department

    The instruments that are handled in the Remittance department are as follow:

    Demand Draft.

    Mail transfer.

    Telegraphic transfer.

    Pay order.

    Pay slip.

    OBC (outward bill for collections).

    IBC (inward bill for collections).

    families at home. The State Bank of Pakistan was given special rights to control and monitor
    Clearing Department There is no legal obligation on a banker to collect cheques drawn upon other
    Clearing Department There is no legal obligation on a banker to collect cheques drawn upon other

    Clearing Department

    There is no legal obligation on a banker to collect cheques drawn upon other banks for a customer. However it is function of almost every modern bank of the collection of cheques and bills on behalf of the customer. Clearing department services are provided in order to make arrangements for the economic collection of the cheques, DD and other negotiable instruments. A large part of this work is carried on through the clearinghouse. After joining the bank in internship I got the practical exposure of all the above-described activities. The mechanism is not too simple to understand easily but still lots of complexities have been solved.

    Various Departments of Silkbank

    Cash Department

    Cash department performs the following functions

    Receipt

    The money, which either comes or goes out from the bank, its record should be kept. Cash

    department performs this function. The deposits of all customers of the bank are controlled by means of ledger accounts. Every customer has its own ledger account and has separate ledger cards.

    Payments

    It is a banker’s primary contract to repay money received for this customer’s account

    usually by honoring his cheques.

    Clearing Department There is no legal obligation on a banker to collect cheques drawn upon other
    The Requisites of Cheque There is no prescribed form of words or design of a Cheque,
    The Requisites of Cheque There is no prescribed form of words or design of a Cheque,

    The Requisites of Cheque

    There is no prescribed form of words or design of a Cheque, but in order to fulfill the

    requirements mentioned in Section 6 above the Cheque must have the following.

    • a) It should be in writing

    • b) The unconditional order

    • c) Drawn on specific banker only

    • d) Payment on Demand

    • e) Sum Certain in money

    • f) Payable to a specific person

    • g) Signed by the drawer

    Parties to Cheque

    The normal Cheque is one in which there is a drawer, a drawee banker and a payee, or no payee but bearer.

    • a) The Drawer

    • b) The Drawee

    • c) The Payee

    Clearance Department

    A clearinghouse is an association of commercial banks set up in given locality for the purpose of interchange and settlement of credit claims. The function of clearinghouse is performed by the central bank of a country by tradition or by law. In Pakistan, the clearing system is operated by the SBP. If SBP has no office at a place, then Silk bank, as a representative of SBP act as a clearinghouse.

    The Requisites of Cheque There is no prescribed form of words or design of a Cheque,
    After the World War II, a rapid growth in banking institutions has taken place. The use
    After the World War II, a rapid growth in banking institutions has taken place. The use

    After the World War II, a rapid growth in banking institutions has taken place. The use of cheques in making payments has also widely increased. The collection as settlement of mutual obligations in the form of cheques is now a big task for all the commercial bank. When Cheque is drawn on one bank and the holder (payee) deposits the same in his account at the bank of the drawer, the mutual obligation are settled by the internal bank administration and there arises no inter bank debits from the use of cheques. The total assets and total liabilities of the bank remain unchanged.

    In practice , the person receiving a Cheque as rarely a depositor of the cheque at the same bank as the drawer. He deposits the cheque with his bank other than of payer for the collection of the amount. Now the bank in which the cheque has been deposited becomes a creditor of the drawer’s bank. The depositor bank will pay his amount of the cheque by transferring it from cash reserves if there are no offsetting transactions. The banks on which the cheques are drawn become in debt to the bank in which the cheques are deposited. At the same time, the creditors’ banks receive large amounts of cheques drawn on other banks giving claims of payment by them.

    The easy, safe and most efficient way is to offset the reciprocal claims against the other and receive only the net amount owned by them. This facility of net inter bank payment is provided by the clearinghouse.

    The representatives of the local commercial banks meet at a fixed time on all the business days of the week. The meeting is held in the office of the bank that officially performs the duties of clearinghouse. The representatives of the commercial banks deliver the cheques payable at other local banks and receive the cheques drawn on their bank. The cheques are then sorted according to the bank on which they are drawn. A summary sheet is prepared which shows the names of the banks, the total number of cheques delivered and received by them. Totals are also made of all the cheques presented by or to each bank.

    After the World War II, a rapid growth in banking institutions has taken place. The use
    The difference between the total represents the amount to be paid by a particular bank and
    The difference between the total represents the amount to be paid by a particular bank and

    The difference between the total represents the amount to be paid by a particular bank and the amount to be received by it. Each bank then receives the net amount due to it or pays the net amount owed by it.

    Advances Department

    Advances department is one of the most sensitive and important departments of the bank. The major portion of the profit is earned through this department. The job of this department is to make proposals about the loans. The Credit Management Division of Head Office directly controls all the advances. As we known bank is a profit seeking institution. It attracts surplus balances from the customers at low rate of interest and makes advances at a higher rate of interest to the individuals and business firms. Credit extensions are the most important activity of all financial institutions, because it is the main source of earning. However, at the same time, it is a very risky task and the risk cannot be completely eliminated but could be minimized largely with certain techniques.

    Principles of Advances

    There are four principles, which must be duly observed while advancing money to the borrowers.

    Safety

    Liquidity

    Dispersal

    Remuneration

    The difference between the total represents the amount to be paid by a particular bank and
    Forms of Loans In addition to purchase and discounting of bills, bankers in Pakistan generally lend
    Forms of Loans In addition to purchase and discounting of bills, bankers in Pakistan generally lend

    Forms of Loans

    In addition to purchase and discounting of bills, bankers in Pakistan generally lend in the

    form of cash finance, overdrafts and loans. Silk bank provides advances to different people in different ways as the case demand.

    a) Cash Finance

    This is a very common form of borrowing by commercial and industrial concerns and is made available either against pledge or hypothecation of goods, produce or merchandise. In cash finance a borrower is allowed to borrow money from the banker up to a certain limit, either at once or as and when required. The borrower prefers this form of lending due to the facility of paying markup/services charges only on the amount he actually utilizes. If the borrower does not utilize the full limit, the banker has to lose return on the un- utilized amount. In order to offset this loss, the banker may provide for a suitable clause in the cash finance agreement, according to which the borrower has to pay markup/service charges on at least on self or one quarter of the amount of cash finance limit allowed to him even when he does not utilize that amount.

    b) Overdraft/Running Finance

    This is the most common form of bank lending. When a borrower requires temporary accommodation his banker allows withdrawals on his account in excess of the balance, which the borrowing customer has in credit, and an overdraft thus occurs. This accommodation is generally allowed against collateral securities. When it is against collateral securities it is called “Secured Overdraft” and when the borrowing customer cannot offer any collateral security except his personal security, the accommodation is called a “Clean Overdraft”. The borrowing customer is in an advantageous position in an overdraft, because he has to pay service charges only on the balance outstanding against him. The main difference between a cash finance and overdraft lies in the fact that cash

    Forms of Loans In addition to purchase and discounting of bills, bankers in Pakistan generally lend
    finance is a bank finance used for long term by commercial and industrial concern on regular
    finance is a bank finance used for long term by commercial and industrial concern on regular

    finance is a bank finance used for long term by commercial and industrial concern on regular basis, while an overdraft is a temporary accommodation occasionally resorted to.

    Deposit Department

    It controls the following activities:

    • a) A/C opening.

    • b) Issuance of cheque book.

    • a) Current a/c

    • b) Saving a/c

    • c) Cheque cancellation

    • d) Cash

    Types of Accounts

    Following are the main types of accounts

    1)

    Individual Account

    2)

    Joint Account

    3)

    Accounts of Special Types Partnership account Joint stock company account Accounts of clubs, societies and associations Agents account Trust account Executors and administrators accounts Pak rupee non-resident accounts Foreign currency account

    finance is a bank finance used for long term by commercial and industrial concern on regular
    Structure and Functions of Finance Department Of Silk bank Chapter 4:
    Structure and Functions of Finance Department Of Silk bank Chapter 4:

    Structure and Functions of Finance Department Of Silk bank

    Chapter 4:

    Structure and Functions of Finance Department Of Silk bank Chapter 4:
    Structure & Function Of Finance Department Of Silk bank ∑ Structure of Finance/Accounting Department of Silk
    Structure & Function Of Finance Department Of Silk bank ∑ Structure of Finance/Accounting Department of Silk

    Structure & Function Of Finance Department Of Silk bank

    Structure of Finance/Accounting Department of Silk bank

    Silk bank has separate departments for accounts and finance. Both of these departments are controlled by CFO. Accounts Department has further Accounting and Operation Department, Accounting & Audit Department and Control Department whose officers report to CFO. Finance Department has further Portfolio Management Department and Investment and Finance Planning Department whose officers also report to CFO. Portfolio Department has further sub-department of lending who report to Portfolio Officer. Investment and Finance Planning Department has further sub-department of Funds Raising who report to Financial Planning Officer.

    Finance & Accounting Operations:

    o Generation of Accounting Information

    Finance and accounting policies and procedures are strictly followed. With them departments and divisions to help management more effectively focus and control the bank’s resources e.g. fund raising and fund management division, funds allocation department, portfolio management department, personal financial services division, investment and funding group etc. These departments and divisions require the appointment of bank management and staff that can devote more time to surveying customer surveys, and modifying old service offerings to reflect changing customer needs. The technology of financial services production and delivery has shifted more and more in recent days towards computer-based system and electronic service delivery.

    Structure & Function Of Finance Department Of Silk bank ∑ Structure of Finance/Accounting Department of Silk
    Automated bookkeeping has reduced the time managers spend in routine operations, thus allowing greater opportunity for
    Automated bookkeeping has reduced the time managers spend in routine operations, thus allowing greater opportunity for

    Automated bookkeeping has reduced the time managers spend in routine operations, thus allowing greater opportunity for planning new services and new operations.

    o Recording of Accounting Information

    Accounting information handle by preparing journal, ledger and trial balance and information recorded electronically. The preparation of financial statements in conformity with approved accounting standards requires the use of certain critical accounting estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and income and expenses. It also requires management to exercise its judgment in the process of applying the accounting policies. Estimates and judgments are continually evaluated and are based on historic experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

    Role of Financial Manager

    Financial manager mainly emphasize on maximize shareholder’s wealth. All important decisions related to finance and investment that must improve the success of the organization. Financial manager also perform several tasks as follows:

    Advice institutions on high net worth individual customer on investing funds, managing assets, reorganizations, raising capital.

    Purchase short term assets (mainly accounts receivable) from business in exchange for supplying temporary financing.

    Automated bookkeeping has reduced the time managers spend in routine operations, thus allowing greater opportunity for
     Purchase short term credit to improve commercial use.  Offer saving deposit plans and housing
     Purchase short term credit to improve commercial use.  Offer saving deposit plans and housing

    Purchase short term credit to improve commercial use.

    Offer saving deposit plans and housing related credit predominantly to individual.

    Execute customer buy and sell orders for marketable securities and exchange traded financial futures and option contracts and provide other full service brokerage functions.

    Control of the composition of a bank’s assets to provide adequate liquidity and earnings.

    Control over a bank’s liabilities, usually through changes in interest rates offered to provide the bank with adequate liquidity.

    Invest in corporate stock to help finance the start of new branches to support the expansion of existing business.

    Use of Electronic Data

    Any new technology in banking sector has its own effects because new technology indicates the improved operation and performance of the sector. Introduction of new technology has an extensive effect on customers. So the quick adopters of new technologies have an edge over others in the industry. Silk bank use Linux and UNI BANK. Silk bank uses new technology in different department, which improved the quality of services of that department.

     Purchase short term credit to improve commercial use.  Offer saving deposit plans and housing
    Cash Department Cash department involves receipts and payments process manually. But now ATM is used which
    Cash Department Cash department involves receipts and payments process manually. But now ATM is used which

    Cash Department

    Cash department involves receipts and payments process manually. But now ATM is used which has affected the cash department in some extent.

    Before

    Before ATM and online technology SILK BANK was able to provide only 8 hours

    services for payment. Customers were enforced to wait in huge lines for getting payments.

    To check the total amount of account customer had to give application to the bank

    Needs number of cashier and clerks

    Everything took a long time.

    After Now SILKBANK can provide 24 hour banking to its customers so that customers can withdraw money at any time.

    Now customers have no need to wait for the payment in long queues.

    When customer withdrawal the money and mini statement of his account is shown

    to the customer. ATM technology reduces the extra burden on the cashier, and now bank don’t need extra cashier and clerks

    Remittances Department

    Cash Department Cash department involves receipts and payments process manually. But now ATM is used which
    The remittances department transfers the funds from one bank to other bank and from one place
    The remittances department transfers the funds from one bank to other bank and from one place

    The remittances department transfers the funds from one bank to other bank and from one place to another place. ATM and online banking has also effected the remittances department and increased its efficiency.

    Before

    Before ATM if customer wanted to transfer his fund to other bank account or other branch account, then he had to submitted a cheque which takes a lot of time for clearance process Before online banking to transfer the funds to other branches or to other banks bankers had to use demand draft, telephonic transfer pay order and mail transfer etc.

    After Now customer can transfer money from his account to any other account at any time anywhere in Pakistan, without waiting for the clearance process. Through online banking bankers has no need to send cheque or money through demand draft or telephonic transfer etc. the banker can access any branch and transfers funds to it with in no time. In online transaction the account holder has account in another bank. The account holder sent the amount to his account. Online transaction is made only SILKBANK to SILKBANK. So they can transfer the amount, they can cash the amount they can find the balance & receive the statement of his account in another branch. In this type of transactions the application is filling for this purpose.

    Date

    Name

    Remote

    Account number

    Amount

    The remittances department transfers the funds from one bank to other bank and from one place
    Online Banking Allied Online Banking is a unique service being offering from Silk bank. Through this
    Online Banking Allied Online Banking is a unique service being offering from Silk bank. Through this

    Online Banking

    Allied Online Banking is a unique service being offering from Silk bank. Through this service, account in Silk bank is available to from any of branches countrywide. SILKBANK is the first bank in the history of Pakistan which connects with each branch of it through online banking. These branches can offer the facilities of remote cheque encashment, cash deposit, funds transfer, balance enquiry and statement of account printing to customers of other online branches besides issuance of ATM cards to their own account holders.

    Rules

    With the introduction of online banking services in branches, the computerized operations of the banking system in branches has become even more sensitive that’s why the top management has set some rules and given some guidelines to each and every branch to be followed:

    1. Only authorized persons should be allowed access to the computer system of the branch. Physical access to the branch server machine should especially control. All maintenance activity, whether by IT Centre personnel for trouble-shooting or by authorized service providers for hardware / communication support should be documented. For this purpose, a separate register should be maintained in the branch where in the name / identity of the person concerned along with the date and time of such activity should be recorded.

    Online Banking Allied Online Banking is a unique service being offering from Silk bank. Through this
    2. Personnel of the branch who have been authorized to use the system to enter transaction
    2. Personnel of the branch who have been authorized to use the system to enter transaction
    • 2. Personnel of the branch who have been authorized to use the system to enter transaction or carry out end of day processing should not divulge their password to anyone under any circumstances, in case, it is felt by the password holder that

    his password has become known to someone else, it should be changed immediately.

    • 3. It is the responsibility of the branch to take back-ups on daily basis and to ensure that these are sent to the IT Center as per laid down procedure, Taking of backup or restoring of backup of the branch based system should never be allowed to be carried out by an outsider, Under no circumstances, should a backup be carried out of the branch by and unauthorized person, The dispatch of backup of IT Center/Division should only be handled by designated couriers in sealed envelopes.

    • 4. Use of PC workstations having removable drives and/or modem is not allowed, Internet access / Internet mail I not permitted on any workstation of the branch system. Strict compliance of this must be ensured.

    • 5. In case of any problems related to end-of-day processing or in respect of hardware/ software, the matter should invariably b referred to the IT Centre. Attempts to the fix problems without the knowledge of IT Centre staff must b avoided.

    Transaction Amount Limits

    • 1. Cash Withdrawals: As per standing instruction the online transactions are restricted to a maximum of Rs. 500,000/- per instance for Cash Withdrawals.

    • 2. Third Party Cheques Encasement: The customers can encash third party cheques of an account holder of Silk bank subject to a maximum of Rs. 25,000/- per instance.

    2. Personnel of the branch who have been authorized to use the system to enter transaction
    3. Funds Transfer: The maximum amount is restricted to Rs. 500,000/- for funds transfer except when
    3. Funds Transfer: The maximum amount is restricted to Rs. 500,000/- for funds transfer except when
    • 3. Funds Transfer: The maximum amount is restricted to Rs. 500,000/- for funds transfer except when the customer is transferring funds from the branch where his account is maintained, to any other account in any SILKBANK branch.

    • 4. Deposit of Third Party Cheques for Instant Credit: The account holders can deposit third party cheques, either drawn in his favor or bearer, at the branch where he holds an account for instant credit. The maximum value of each third party cheque, which is being deposited, should not exceed Rs. 500,000/- and utmost precautions must be undertaken to ensure authenticity and genuineness of the third party cheques.

    Physical Presence Of Account Holder

    It is essential for the account holder to present a cheque in person at the remote branch for encashment from his account at the parent branch, The presence of customer is necessary in case of Funds Transfer transactions, however customer presence is not necessary for cash deposit or third party encashment of cheques up to Rs 25,000/- .

    Fund Transfer

    The customers will be allowed to transfer funds from an account in the local branch to an account in the remote branch and vice versa. In this case the “from” account must b Customer’s own account whether in the local branch or the destination branch and a cheque for the transfer would be required to be presented.

    Supervision Of Transactions

    3. Funds Transfer: The maximum amount is restricted to Rs. 500,000/- for funds transfer except when
    All cash and Fund Transfer transactions require immediate online supervision at the local branch before being
    All cash and Fund Transfer transactions require immediate online supervision at the local branch before being

    All cash and Fund Transfer transactions require immediate online supervision at the local branch before being transmitted to the remote branch for acceptance; Supervision requires re-entry of all transactions particulars by the Supervisor, Transactions relating to Balance Enquiries and Display of statements of account do not require and supervision

    KYC / Customer Due Diligence

    The banks are required to perform KYC / customer Due Diligence as per Prudential Regulation issued by State Bank of Pakistan, Accordingly, all abnormally high / suspicious transactions particularly cash transactions, are required to be examined and reported to the concerned departments.

    Funds Management

    Funds management deals with following aspects;

    Sources of funds

    Generation of funds

    Allocation of funds

    Sources of Funds

    Following are the sources of funds of Silk bank and their figures for last 5 years:

    Descriptio

    2005

    2006

    2007

    2008

    2009

    n (in

    millions)

    Share

    3,847,500

    3,847,500

    5,001,750

    9,003,150

    9,003,150

    Capital

    Reserves

    218,556

    218,556

    218,556

    218,556

    224,649

    All cash and Fund Transfer transactions require immediate online supervision at the local branch before being
    Deposits 49,015,090 49,015,090 42,373,710 41,056,630 49,610,034 Inter bank 5,481,288 4,236,775 6,880,449 8,738,616 49,015,090 borrowings Bank’s major
    Deposits 49,015,090 49,015,090 42,373,710 41,056,630 49,610,034 Inter bank 5,481,288 4,236,775 6,880,449 8,738,616 49,015,090 borrowings Bank’s major

    Deposits

    49,015,090

    49,015,090

    42,373,710

    41,056,630

    49,610,034

    Inter

    bank

    5,481,288

    4,236,775

    6,880,449

    8,738,616

    49,015,090

    borrowings

    Bank’s major source of funding is individuals who deposit their funds. Bank also have other sources e.g. borrow from other banks and financial situation and in time of need it also approach state bank of Pakistan for extra funds and state bank provide funds after fulfilling basic requirements according to prudential regulations.

    Generation of Funds

    Following figures shows the generation of funds in last 5 years of ABL:

    Description

    2005

    2006

    2007

    2008

    2009

    (in millions)

    Interest

    2,632,485

    3,712,420

    4,799,853

    4,588,299

    5,913,317

    Earned

    Fee,

    275,685

    305,464

    369,468

    188,596

    327,949

    Commission,

    Brokerage

    Income

    Capital Gain

    41,347

    59,851

    44,465

    27,173

    27,921

    & Dividend

    Income

    Non-interest

    626,783

    706,003

    776,825

    384,510

    662,187

    Income

    Deposits 49,015,090 49,015,090 42,373,710 41,056,630 49,610,034 Inter bank 5,481,288 4,236,775 6,880,449 8,738,616 49,015,090 borrowings Bank’s major
    Funds are mostly generated from the interest income earned by banks. Other places from where funds
    Funds are mostly generated from the interest income earned by banks. Other places from where funds

    Funds are mostly generated from the interest income earned by banks. Other places from where funds are generated include commission earned, capital gain and dividend income and non-interest income earned by bank.

    Allocation of Funds

    Following are the places where funds are allocated and their figures for last five years:

    Descriptio

    2005

    2006

    2007

    2008

    2009

    n

    (in

    millions)

    Interest

    1849189

    3260952

    4440116

    4218901

    5855517

    Expensed

    Operating

    732803

    1262448

    1270317

    1935732

    2747856

    Expenses

    Taxation

    75857

    105282

    279358

    819987

    1349554

    The main place where banks allocate its funds is in interest expenses. Other main place of allocation of funds is the operating expenses. Banks are heavily taxed which is a major portion of allocation of bank’s funds.

    Funds are mostly generated from the interest income earned by banks. Other places from where funds
    Theoretical And Practical Concepts Chapter 5:
    Theoretical And Practical Concepts Chapter 5:

    Theoretical And Practical Concepts

    Chapter 5:

    Theoretical And Practical Concepts Chapter 5:
    Application of Learned Concepts After getting entered into practical life this is a common complaint that
    Application of Learned Concepts After getting entered into practical life this is a common complaint that

    Application of Learned Concepts

    After getting entered into practical life this is a common complaint that practically things are quite different from theoretical learning, but I did not face such big difference because the concepts I got from the course of “Money and Banking” and “Business Institutions” were so much close to the real world. In management and marketing style of the employees there were somehow differences exist.

    While doing internship I got lot of experience and I got the chance to apply my knowledge practically, which helped me in getting interest in learning new concepts. After doing this practice I feel that I can even compare my practical knowledge in further studies.

    Application of Learned Concepts After getting entered into practical life this is a common complaint that
    Financial Analysis Of Silk bank Chapter 6:
    Financial Analysis Of Silk bank Chapter 6:

    Financial Analysis Of Silk bank

    Chapter 6:

    Financial Analysis Of Silk bank Chapter 6:
    Balance Sheet of Silk Bank (five years data) Assets 2009 2008 2007 2006 2005 Current Assets
    Balance Sheet of Silk Bank (five years data) Assets 2009 2008 2007 2006 2005 Current Assets
    Balance Sheet of Silk Bank (five years data) Assets 2009 2008 2007 2006 2005 Current Assets
     

    Balance Sheet of Silk Bank (five years data)

     
     

    Assets

    2009

    2008

    2007

    2006

    2005

    Current Assets

     
     

    Cash and balances with treasury banks

    3,120,880

    3,070,067

    3,223,780

    3,994,136

    2,525,340

     

    Balances with other banks

    151,068

    190,197

    128,991

    613,678

    923,044

     

    Lendings to financial institutions

    1,067,708

    1,376,651

    839,959

    4,747,567

    8,831,063

     

    Total Current Assets

    4,339,656

    4,636,915

    4,192,730

    9,355,381

    12,279,447

    Fixed Assets

     
     

    Investments - net

    20,179,329

    12,012,233

    17,859,169

    15,828,682

    12,464,577

     

    Advances - net

    32,097,490

    31,087,373

    25,874,972

    29,021,974

    19,513,727

     

    Operating fixed assets

    3,720,695

    3,002,450

    2,367,883

    2,322,371

    1,541,536

     

    Deferred tax assets - net

    3,976,149

    2,613,939

    1,767,715

    1,015,123

    911,307

     

    Other assets - net

    4,351,022

    2,292,358

    1,598,131

    1,657,318

    1,037,955

     

    Total Fixed Assets

    64,324,685

    51,008,353

    49,467,870

    49,845,468

    35,469,102

                 

    Total Assets

    68,664,341

    55,645,268

    53,660,600

    59,200,849

    47,748,549

     
     

    Liabilities

    2009

    2008

    2007

    2006

    2005

    Current Liabilities

     
     

    Bills payable

    637,602

    431,537

    570,756

    408,342

    199,143

     

    Borrowings

    15,088,332

    8,738,616

    6,880,449

    4,236,775

    5,481,288

     

    Deposits and other accounts

    49,610,034

    41,056,630

    42,373,710

    49,015,090

    37,136,042

     

    Sub-ordinated loan

    -

    -

    650,000

    650,000

    650,000

     

    Liabilities against assets subject to

             

    finance lease

    10,476

    39,731

    80,155

    63,030

    569

     

    Deferred tax liabilities - net

    -

    -

    -

    -

    -

     

    Total Current Liabilities

    65,346,444

    50,266,514

    50,555,070

    54,373,237

    43,467,042

    Other liabilities/long term debt

    1,554,808

    987,394

    925,091

    829,573

    474,905

                 

    Total Liabilities

    66,901,252

    51,253,908

    51,480,161

    55,202,810

    43,941,947

                 

    Capital

     
     

    Share capital/TOS

    9,003,150

    9,003,150

    5,001,750

    3,847,500

    3,847,500

     

    Reserves

    224,649

    218,556

    218,556

    218,556

    218,556

     

    Accumulated Loss

    (9,030,894)

    (6,131,709)

    (4,119,537)

    (1,080,726)

    (860,072)

     

    Surplus on revaluation of assets - net

             

    of tax/SOR

    1,566,184

    1,301,363

    1,079,670

    1,012,709

    600,618

     

    Total Equity

    1,763,089

    4,391,360

    2,180,439

    3,998,039

    3,806,602

    Balance Sheet of Silk Bank (five years data) Assets 2009 2008 2007 2006 2005 Current Assets
    Total Equity and Liabilities 68,664,341 55,645,268 53,660,600 59,200,849 47,748,549 Profit and Loss Account for Silk Bank
    Total Equity and Liabilities 68,664,341 55,645,268 53,660,600 59,200,849 47,748,549 Profit and Loss Account for Silk Bank
               
     

    Total Equity and Liabilities

     

    68,664,341

    55,645,268

    53,660,600

    59,200,849

    47,748,549

     

    Profit and Loss Account for Silk Bank (five years data)

     
     

    Particulars

     

    2009

    2008

    2007

    2006

    2005

       

    Mark-up / return / interest earned

     

    5,913,317

    4,588,299

    4,799,853

    3,712,420

    2,632,485

    Mark-up / return / interest expensed

     

    5,855,517

    4,218,901

    4,440,116

    3,260,952

    1,849,189

    Net mark-up / interest income

     

    57,800

    369,398

    359,737

    451,468

    783,296

    Provision for diminution in the value of

             

    investments - net

    6,144

    (11,668)

    3,074

    (56,808)

    671

    Provision against loans and advances - net

    2,170,738

    1,663,314

    3,134,651

    463,988

    490,471

    Bad debts written off directly

     

    -

    2,610

    -

    -

    729

    Reversal against consumer finance

     

    (5,803)

    (12,163)

    (5,281)

    915

    26,778

    Impairment of available for sale security

    138,276

    -

    -

    -

    -

    Total Provision

    2,309,355

    1,642,093

    3,132,444

    408,095

    518,649

               

    Net

    mark-up

    /

    interest

    income

    after

             

    provisions

    (2,251,555)

    (1,272,695)

    (2,772,707)

    43,373

    264,647

     
     

    Non-mark-up / interest income

         

    Fee, commission and brokerage income

     

    327,949

    188,596

    369,468

    305,464

    275,685

    Income earned as trastee to different funds

    -

    -

    -

    -

    -

    Dividend income

    27,921

    27,173

    44,465

    59,851

    41,347

    Income from dealing in foreign currencies

    113,733

    53,343

    64,312

    56,907

     

    Gain on sale of securities - net

     

    58,640

    19,536

    210,855

    145,177

    43,975

    Unrealized

    gain

    on

    revaluation

    of

             

    investments classified as held for trading

    69

    -

    -

    -

    -

    Other income - net

     

    133,875

    95,862

    87,725

    138,604

    265,776

    Total non-mark-up / interest income

     

    662,187

    384,510

    776,825

    706,003

    626,783

               

    Total Interest Income/Loss

     

    (1,589,368)

    (888,185)

    (1,995,882)

    749,376

    891,430

               

    Non-mark-up / interest expenses

       

    Administrative expenses

     

    2,747,856

    1,935,732

    1,270,317

    1,262,448

    732,803

    Other provision / (reversal) - net

     

    (102,246)

    9,489

    38,019

    (202,435)

    729

    Other charges

    17,481

    849

    14,737

    75,700

    11,300

    Unrealized

    loss

    on

    revaluation

    of

             

    investment classified as held for trading

    -

    -

    1,310

    5,962

    -

    Total non-mark-up / interest expenses

    2,663,091

    1,946,070

    1,324,383

    1,141,675

    744,832

               

    Gross Income/Loss

     

    (4,252,459)

    (2,834,255)

    (3,320,265)

    (392,299)

    146,598

    Amortization of deferred cost

     

    -

    -

    -

    16,667

    6,128

    Extra ordinary / unusual item

     

    -

    -

    -

    -

    -

    Total Equity and Liabilities 68,664,341 55,645,268 53,660,600 59,200,849 47,748,549 Profit and Loss Account for Silk Bank
    Profit/Loss before taxation (4,252,459) (2,834,255) (3,320,265) (408,966) 140,470 Taxation Taxation - Current year 8,414 16,462 35,382
    Profit/Loss before taxation (4,252,459) (2,834,255) (3,320,265) (408,966) 140,470 Taxation Taxation - Current year 8,414 16,462 35,382

    Profit/Loss before taxation

    (4,252,459)

    (2,834,255)

    (3,320,265)

    (408,966)

    140,470

               

    Taxation

     

    Taxation - Current year

    8,414

    16,462

    35,382

    -

    156,100

    • - Prior years

    34,616

    -

    439,351

    -

    -

    • - Deferred

    (1,392,584)

    (836,449)

    (754,091)

    (105,282)

    (80,243)

    Share of tax of associated

    -

    -

    -

    -

    -

    Total Taxation

    (1,349,554)

    (819,987)

    (279,358)

    (105,282)

    75,857

               

    Loss after taxation

    (2,902,905)

    (2,014,268)

    (3,040,907)

    (303,684)

    64,613

    Accumulated loss brought forward

    -

    (6,133,805)

    1,080,726

    778,532

     

    Accumulated Losses carried forward

    -

    -

    (4,121,633)

    (1,082,216)

    64,613

    Profit/Loss before taxation (4,252,459) (2,834,255) (3,320,265) (408,966) 140,470 Taxation Taxation - Current year 8,414 16,462 35,382
    Ratio Analysis of Silk Bank (five years data) Ratios 2009 2008 2007 2006 2005 Liquidity Ratios
    Ratio Analysis of Silk Bank (five years data) Ratios 2009 2008 2007 2006 2005 Liquidity Ratios
     

    Ratio Analysis of Silk Bank (five years data)

     
     

    Ratios

    2009

    2008

    2007

    2006

    2005

    Liquidity Ratios

               

    1

    Current Ratio CA/CL

     

    6.64%

    9.22%

    8.29%

    17.21%

    28.25%

     

    Quick/Acid

    test

    Ratio

    CA-

             

    2

    Inventory/CL

    5.01%

    6.49%

    6.63%

    8.47%

    7.93%

       

    Leverage Ratio

               

    1

    Debt to asset ratio TD/TA

     

    2.26%

    1.77%

    1.72%

    1.40%

    0.99%

    2

    Debt to equity ratio TD/TE

     

    3794.55%

    1167.15%

    2361.00%

    1380.75%

    1154.36%

       

    Profitability Ratio

               

    1

    Loan to deposits ratio Loan/Deposits

    47.01%

    28.11%

    26.59%

    14.60%

    28.09%

    2

    Return on Asset EAT/T.A

     

    -4.23%

    -3.62%

    -5.67%

    -0.51%

    0.14%

    3

    Net Profit after tax EAT/IE

     

    -49.58%

    -47.74%

    -68.49%

    -9.31%

    3.49%

    4

    Gross Spread ratio NMI/GMI

     

    52.95%

    44.90%

    83.51%

    -11.06%

    180.53%

    5

    Return on Equity EAT/E

     

    -164.65%

    -45.87%

    -139.46%

    -7.60%

    1.70%

         

    Interest Coverage Ratio

               

    1

    Interest coverage(before tax) EBIT/IE

    -72.62%

    -67.18%

    -74.78%

    -12.54%

    7.60%

    2

    Interest coverage(after tax) EAT/IE

     

    -49.58%

    -47.74%

    -68.49%

    -9.31%

    3.49%

       

    Activity Ratios

               

    1

    Total Assets Turnover NS/TA

     

    8.61%

    8.25%

    8.94%

    6.27%

    5.51%

    2

    Fixed Assets Turnover NS/FA

     

    9.10%

    8.27%

    8.98%

    6.54%

    5.21%

       
    Ratio Analysis of Silk Bank (five years data) Ratios 2009 2008 2007 2006 2005 Liquidity Ratios
    Market Ratios 1 Earnings Per Share EAT/TOS -32.24% -22.37% -60.80% -7.89% 1.68% 2 Book Value per
    Market Ratios 1 Earnings Per Share EAT/TOS -32.24% -22.37% -60.80% -7.89% 1.68% 2 Book Value per

    Market Ratios

             

    1

    Earnings Per Share EAT/TOS

    -32.24%

    -22.37%

    -60.80%

    -7.89%

    1.68%

    2

    Book Value per Share TSE/TOS

    19.58%

    48.78%

    43.59%

    103.91%

    98.94%

    3

    Revaluation per Share SOR/TOS

    88.83%

    29.63%

    49.52%

    25.33%

    15.78%

    Comments:

    Debt ratio of Silk bank in 2005 was 0.99% , then continuously increase till 2009,

    the

    increase in total

    debt

    is

    greater whereas the increase in

    total

    assets is

    comparatively less.

    Return on assets after 2005 continuously decrease till 2009, reason behind this increase in income is less then the increase in total assets.

    Return on equity decrease from 2007 till 2009 so that is starts falling.

    Debt to equity ratio shows upward trend from 2005 till 2009, reason behind this increase in total debt increases.

    Current Asset in 2005 was 28.25% after that start falling till 2009, coz of decrease in current asset.

    Book Value/Share Ratio shows a firm’s ability to meet its current needs. Silk bank book value increase in 2007 then start decreasing till 2009, reason is that Silk bank current assets are decreasing as compared with its current liabilities.

    Fixed asset shows the normal position of the bank and bank liquidity is batter position in any case of the debt payoff in emergency.

    Market Ratios 1 Earnings Per Share EAT/TOS -32.24% -22.37% -60.80% -7.89% 1.68% 2 Book Value per
    Horizontal Analysis Balance Sheet of Silk Bank (five years data) Assets 2009 2008 2007 2006 2005
    Horizontal Analysis Balance Sheet of Silk Bank (five years data) Assets 2009 2008 2007 2006 2005

    Horizontal Analysis Balance Sheet of Silk Bank (five years data)

    Assets

       

    2009

     

    2008

    2007

    2006

    2005

    Current Assets

               
     

    Cash and balances with

             

    treasury banks

    123.58%

     

    121.57%

    127.66%

    158.16%

    100.00%

     

    Balances

    with

    other

             

    banks

     

    16.37%

     

    20.61%

    13.97%

    66.48%

    100.00%

     

    Lendings

    to

    financial

             

    institutions

     

    12.09%

     

    15.59%

    9.51%

    53.76%

    100.00%

     

    Total Current Assets

     

    35.34%

     

    37.76%

    34.14%

    76.19%

    100.00%

    Fixed Assets

               
     

    Investments - net

     

    161.89%

     

    96.37%

    143.28%

    126.99%

    100.00%

     

    Advances - net

     

    164.49%

     

    159.31%

    132.60%

    148.73%

    100.00%

     

    Operating fixed assets

    241.36%

     

    194.77%

    153.61%

    150.65%

    100.00%

     

    Deferred tax assets - net

    436.31%

     

    286.83%

    193.98%

    111.39%

    100.00%

     

    Other assets - net

     

    419.19%

     

    220.85%

    153.97%

    159.67%

    100.00%

     

    Total Fixed Assets

     

    181.35%

     

    143.81%

    139.47%

    140.53%

    100.00%

                 

    Total Assets

     

    143.80%

     

    116.54%

    112.38%

    123.98%

    100.00%

                 

    Liabilities

       

    2009

     

    2008

    2007

    2006

    2005

    Current

               

    Liabilities

     

    Bills payable

    320.17%

     

    216.70%

    286.61%

    205.05%

    100.00%

     

    Borrowings

    275.27%

     

    159.43%

    125.53%

    77.30%

    100.00%

     

    Deposits

    and

    other

             

    accounts

    133.59%

     

    110.56%

    114.10%

    131.99%

    100.00%

     

    Sub-ordinated loan

       

    Nil

     

    Nil

    nil

    100.00%

    100.00%

     

    Liabilities against assets

             

    subject to finance lease

    1841.12%

     

    6982.60%

    14086.99%

    11077.33%

    100.00%

     

    Deferred tax liabilities -

             

    net

     

    Total

    Current

             

    Liabilities

    150.34%

     

    115.64%

    116.31%

    125.09%

    100.00%

                 
    Horizontal Analysis Balance Sheet of Silk Bank (five years data) Assets 2009 2008 2007 2006 2005
    Other liabilities/long term debt 327.39% 207.91% 194.79% 174.68% 100.00% Total Liabilities 152.25% 116.64% 117.15% 125.63% 100.00%
    Other liabilities/long term debt 327.39% 207.91% 194.79% 174.68% 100.00% Total Liabilities 152.25% 116.64% 117.15% 125.63% 100.00%
     

    Other

               

    liabilities/long

    term debt

    327.39%

    207.91%

    194.79%

    174.68%

    100.00%

                 
     

    Total

               

    Liabilities

    152.25%

    116.64%

    117.15%

    125.63%

    100.00%

                 

    Capital

               
     

    Share capital/TOS

    234.00%

    234.00%

    130.00%

    100.00%

    100.00%

     

    Reserves

    102.79%

    100.00%

    100.00%

    100.00%

    100.00%

     

    Accumulated Loss

    1050.02%

    712.93%

    478.98%

    125.66%

    100.00%

     

    Surplus on revaluation of

             

    assets - net of tax/SOR

    260.76%

    216.67%

    179.76%

    168.61%

    100.00%

     

    Total Equity

    46.32%

    115.36%

    57.28%

    105.03%

    100.00%

                 

    Total

    Equity

               

    and Liabilities

    143.80%

    116.54%

    112.38%

    123.98%

    100.00%

    Comments:

    Total Assets have greatly increased in 2009 on terms of increase in cash, net investments, advances and operating fixed assets. Liabilities have also increased due to a very great increase in inter bank borrowings. Total equity decrease in 2007 then increase in 2008, due to a great increase in reserves of Silk bank , but in 2009 a big decrease. These analysis shows that Silk bank is going through a growth phase due to which it is incurring great increases in various items of balance sheet.

    Horizontal Analysis of Balance Sheet also shows that Silk bank is in good financial health and is following proper strategies for expanding its business. Comparing the asset composition in the two years the advances of the Silk bank have increased considerably, and also the amount of the total assets has been increased. The increase in the advances shows that customers have trust over the banks money and they are getting more and more money from their bank and also the collection policy is fair and successful.

    Other liabilities/long term debt 327.39% 207.91% 194.79% 174.68% 100.00% Total Liabilities 152.25% 116.64% 117.15% 125.63% 100.00%
    Horizontal Analysis Profit & Loss Account of Silk Bank (five years data) Particulars 2009 2008 2007
    Horizontal Analysis Profit & Loss Account of Silk Bank (five years data) Particulars 2009 2008 2007

    Horizontal Analysis Profit & Loss Account of Silk Bank (five years data)

    Particulars

     

    2009

    2008

    2007

    2006

    2005