“Foreign Exchange Operation of Commercial Banks”

Abstract

Banking sector in Bangladesh thus comprises of Central bank, and nationalized banks for both specialized financial and commercial sector, joint venture private banks, Bangladeshi private banks and foreign banks. The objectives of the study are to know the foreign trade operations of a bank, to evaluate the performance of foreign exchange division, to estimate the cost of export, import and remittance. The scope is limited to different investment schemes, modes, mechanism, investment proposal appraisal procedures, monitoring and documentation of commercial banks, foreign exchange operations. Limitation in gaining accesses to financial sector, bank software & confidential documents. To perform the study, the data sources were to be identified and collected, to be classified, analyzed, interpreted and presented in a systematic manner. IFIC Established in 1976 as an Investment & Finance Company under arrangement of joint venture with Government of Bangladesh. Mercantile Bank Limited has been incorporated on May 20, 1999 in Dhaka, Bangladesh as a limited company with the permission of the Bangladesh Bank. Banks mission is to provide service to the clients with the help of a skilled and dedicated work force whose creative talents, innovative actions and competitive edge make their position unique in giving quality service to all institutions and individuals that they care for. Vision is to be best private commercial bank in Bangladesh in terms of efficiency, capital adequacy, asset quality, sound management and profitability having strong liquidity. MBL stood 15 Branches all over the country up to 2001. Risk is an integral part of the Banking business and Bank’s aim is to deliver maximize shareholders’ value by achieving an appropriate trade-off between risk and returns. The Human Resource Management Division is committed to ensuring that the Bank attracts, recruits, develops, retains and sustains a high performing, diverse work force by developing and implementing progressive human resource management policies and strategies.