General Banking Activities of Meghna Bank Limited

Abstract

Meghna Bank Ltd is a scheduled commercial bank registered by the Bangladesh Bank. It follows the rules and regulations prescribed by Bangladesh Bank. The functions of the bank cover a wide range of banking and functional activities of individuals, firms, corporate bodies and other multinational agencies. Here the report has been prepared primarily based on 12 weeks of practical expertise on ‘General Banking activities of MGBL’ and it covers detail about general banking activities performed by the bank. Besides it also consists of general information of MGBL, financial information, learning points, findings, and recommendation. General banking refers to banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. In this report I tried to discuss about the various services offered under retail banking including savings accounts, mortgages as well as personal loans, debit cards, and so forth. In the organizational overview I described MGBL profile, MGBL objectives, management hierarchy and MGBL corporate culture. In the main body of the report, I discussed about the retail banking operation of MGBL and the Bangladesh Bank guidelines for preparing their product and perform their operations. MGBL has different types of general banking products for different type’s people of the society. Some financial data of the organization is also analyzed in this part. I mentioned some findings of the organization, which I follow in my internship program. In this part of the report, I tried to explain those findings, such as interest rate problem, efficiency problem and so on. This report will be useful for the person who has intention to learn regarding general banking system and for some banking institutes who need to launch retail banking besides their going. Under retail banking, general banking department contains all deposits name, its activity, interest rate, cash, foreign remittance/ bills, money laundering, prevention of money laundering dispatch, public service.