| dc.description.abstract | Bank is a financial institution. The economy is mostly depended on the bank since the bank
facilitates the economic and financial transactions. Every industry large, medium & small is
absorbing the facilities provided by the bank relating to its production to export and also to
import the materials.
Foreign exchange department is very difficult, highly technical and strictly government
regulated. That's why it is very difficult to understand for an employee and it need to spend
lot of time. Dealing is one of the most important activities in the department of foreign
exchange Business that's why I focused on foreign exchange rules and regulations, export
procedure, import procedure and remittance. I discuss about Foreign. Exchange Operation of
National Bank PLC., Local Office Foreign Exchange department has three sub-sections. One
is foreign remittance section, another is import section and the third one is export section.
Foreign remittance includes all sale and purchase of foreign currencies on account of Import,
Export, Travel and other purposes. All foreign remittance transactions are grouped into two
broad categories--Outward remittance & Inward remittance. In import section, import
procedure, procedures of opening LC to import etc. are discussed. In export section, export
functions, export procedures etc. are discussed. Then I have focused the Bank's export and
import performance, inward and outward remittance performance and also focused the
forecasting trend of the Bank's foreign exchange performance.
Again, Credit is one of the most important functions of a bank and the best of bank strength
depends considerably on the quality of its credit and proportion they bear to the total deposit.
The credit department from where a bank collects maximum profit as a profit maximization
organization and also a service provider in the credit side. In the credit side I focused the
Credit approval, credit distribution. Credit monitoring & Credit collection. The study also
includes who are the Target customers of the National Bank PLC., Types of loans, General
procedure for loan sanctioned and disbursement. Documentations, charges for securing loan
& the Procedure of Recovery of loans.
Finally, I conclude the report by providing several recommendations, by following this may
mitigate the problem face in foreign exchange operations and also in credit management. | en_US |
