General Banking Activities and Export -Import procedures of Standard Bank PLC. A hands-on initiative of Foreign Exchange Department, Gulshan-1 Branch

Abstract

Standard Bank PLC came to Bangladesh in May 11, 1999. When the bank came, the name was Standard Bank limited. Standard Bank PLC move to the Islamic banking system in January 1, 2021. Recently, they move from limited to PLC which means the bank was private limited company and now the bank is public limited company. In Standard Bank PLC, there are four departments. They are cash, general banking, Investment and foreign exchange department. I am working in three departments and they are general banking, investment and foreign exchange department. Among these three departments, I spend most of the internship period in foreign exchange department. This department has a lot of work and a great scope for gaining knowledge about LC, Import, Export, Remittance, Endorsement etc. General banking is for FDR, loan, account opening, closing etc. Investment department is for where the bank is investing and who are like to invest in Standard Bank PLC. In the internship period, I can learn about what is happing in our country, which companies are the market leader and how to run business etc. In the internship period, I also have learned about the etiquettes and manners and how to take with unknown people and how to handle clients.