| dc.description.abstract | Banking system of Bangladesh has through three phases of development Nationalization,
Privatization and lastly Financial Sector Reform. MEGHNA Bank Limited has started its
journey as a private commercial bank on April 21, 2013. As a part of my under-graduation
program, have completed my internship in this organization. Throughout the period of my
internship, I had been working in several departments. However, I was officially appointed to
work in the credit department. The report will reveal the background of the company,
description of the loans, findings and recommendations based on the experience gathered.
One of my major responsibilities was to assist the clients in opening new accounts.
Alongside, my work was limited to Account opening section, Bills and clearing section. I had
been given access to unique software, called MYSIS. I would be required to log in with
username and password, and then search for specific clients. In one hand, I was assigned to
provide account opening related information to the new customers. Every day, one of my
responsibilities was to capture new or existing information related to account opening and
then, disseminate that information to the clients who are interested to open accounts in
MEGHNA BANK. On the other hand, I was assigned to keep a database of the information
collected. Alongside, I prepared and fill up new and existing files for the department.
The report is based on my critical observation while working in the credit division of
MEGHNA Bank. Lending is one of the principal functions of the bank. Sound lending
practice therefore, is very important for profitability and success of a bank. For the sake of
sound lending, it is necessary to develop a sound policy and modern credit management
techniques to ensure that loans/ advances are safe and the money will come back within the
time set for repayment. For this purpose, proper and prior analysis of credit proposals is
required to assess the risk. The comparative analysis shows that MEGHNA BANK is in
better position, but there are some obstacles it faces to sustain the position. However, the
continuous improvement of the services will certainly place the bank in the best position in
one decade. | en_US |
