15 DAYS INTERSNHIP REPORT

Submitted by:
Muhammad Afaq

Roll number: 56

Class: BBA 4th Semester (Evening)

Session: 2016 - 2020

LEARNING

In the first fifteen days I was informed in a brief way about the structure of this or
as well as a brief introduction was also elaborated. Moreover it I was informed
about the beginning of this bank that how this bank was founded and operated.

National bank of Pakistan

National Bank of Pakistan was established under the National Bank of Pakistan
ordinance 1949 and it came into existence on November 20, 1949. National Bank
of Pakistan now is the largest commercial bank operating in Pakistan. Its record
size surpasses that of any of the opposite banks functioning domestically. It has
redefined its role and has rapt from a public sector organization into a
contemporary full service bank. The Bank's services area unit offered to people,
corporate entities and government. Special function NBP occupies a unique
position in the financial sector of Pakistan. It acts as Associate in Nursing agent of
the financial institution where the bank doesn't have its own Branch. It also
undertakes Government Treasury operations. Ownership NBP is 100 percent in
hand by the govt. of West Pakistan (GOP).

VISION

To be recognized as a pacesetter and a whole similar with trust, highest standards

of service quality, international best practices and social responsibility.

MISSION

NBP can plan to the values that build NBP really the nation’s bank

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• Institutionalizing a advantage and performance culture

• making a particular whole identity by providing the best standards of service

• Adopting the most effective international management practices

• increasing stakeholder’s value

• Discharging our responsibility as a good corporate citizen of Pakistan and in

countries where we cooperate

MANAGEMENT

Management could be a distinct method consisting of activities of coming up with,

organizing, actuating and controlling performed to determine and accomplish
stated objectives with the use of human being and other resources.

The management has two types.

1 – Centralized. 2- Decentralized.

NBP have a centralized style of management as a result of all the choices area unit
taken by the highest management.

Chairman

Mr. Zubir Soomro

President and Chief Executive Officer

Mr. Arif Usmani

Directors

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 Mr. Muhammad Naeem

Mr. Farid Malik, CFA

Mr. Muhammad Sohail Khan Rajput

Ms. Sadaffe Abid

Mr. Tawfiq Asghar Hussain

Mr. Zafar Masud

Mr. Imam Bakhsh Baloch

EVP, Secretary Board of Directors

Mr. Syed Muhammad Ali Zamin

Senior Management:

Masood Karim Shaikh SEVP & Group Chief, Corporate & Investment
Banking

Group

Shahid Anwar Khan SEVP & Group Chief, Commercial & Retail
Banking Group

Dr. Asif A. Brohi SEVP & Group Chief, Operations Group

Ekhlaq Ahmed SEVP & Secretary Board of Directors

Imam Bakhsh Baloch SEVP & audit & Inspection Group

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Ziaullah Khan SEVP & Group Chief, Special Projects

Khalid Bin Shaheen SEVP & Group Chief, Remittances

Amer Siddiqui SEVP & Group Chief, Commercial & Retail

Banking Group

N. B. Soomro SEVP , Special Projects Muhammad

Nusrat Vohra EVP & Group Chief, Treasury Management

Group

Nadeem A. Ilyas EVP & Group Chief, Information Technology

Group

Dr. Mirza Abrar Baig EVP & Group Chief, Human Resources
Management and

Administration Group

Agha Fidaullah EVP/Group Chief, Special Assets

Management Group

Aamir Sattar SVP, Divisional Head, Financial Control

Division

Goals

To enhance profitability and maximization of share through increasing leverage of

existing NBP customer base and diversified range of products.

Core Values

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Highest standards of Integrity

 Care about relationships.

 Practice integrity, honesty and hard work. We believe that these are

measures of true success.

Institutionalizing team work and performance culture

 To realize the employees the importance of team work

 An innovative, creative and dynamic institution responding to the changing

needs of the internal and external environment

Excellence in service

 Meet expectations through Market-based solutions and products.

 Lead through the strength of our commitment and willingness to excel.

 Create value for all stakeholders.

Advancement of skills for tomorrow’s challenges

 To be leaders in our industry

 To be An organization maintaining the trust of stakeholders.

 Awareness of social and community responsibility to play a leading role in

betterment of social environment feel the social and community problems as
the duty and function of bank

Value creation for all stakeholders

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 To be an organization maintaining the trust of stakeholders

NBP Branch Network:

NBP has headquarter in Karachi

Pakistan

NBP has 1,200 branches country wide. Bank also has 18 branches overseas.

National bank of Pakistan has its national and development centers and 4
staff collages at:

1. Karachi

2. Lahore

3. Peshawar

4. Islamabad

In these centers and workers faculties, the banking training is provided to the
officers, managers, and to potential managers. It arranges courses and
seminars for middle and better management altogether. Each year virtually
1500 persons receive coaching over there

International Offices

NBP additionally has branches /offices in USA, Canada, Germany, France,

Bahrain, Egypt, Bangladesh, Hong Kong, Japan, Asian nation, The People’s
Republic of China, Afghanistan, Turkmen a, Kyrgyz Republic, Kazakhstan,
Uzbekistan and Azerbaijan.

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 Organizational Hierarchy Char

Departments of Bank

DEPOSIT DEPARTMENT: -

It controls the subsequent activities:

1. A/C opening.

2. Supplying of cheque book.

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3. Current a/c

4. Saving a/c

5. Cheque cancellation

6. Cash

1- Account Opening.

The gap of AN account is that the institution of banker client relationship. Before a
banker opens a new account, the banker ought to confirm the prospective
customer’s integrity, respectability, occupation and therefore the nature of business
by the introductory references given at the time of account gap. Preliminary
investigation is critical thanks to the subsequent reasons.

i. Avoiding frauds

ii. Safe guard against unwitting over draft.

iii. Negligence.

iv. Inquiries regarding purchasers.

There are a unit sure formalities, that area unit to be discovered for gap AN
account with a bank.

• Formal Application

• Introduction

• Specimen Signature

• Minimum Initial Deposit

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• Operating the Account

• Pay-In-Slip Book

• Pass Book

• Issuing Cheque Book

Qualification of client

The relation of the banker and therefore the client is solely a written agreement one,
however, he should have the following basic qualifications.

• He should be of the age of majority.

• He should be of sound mind.

• Law should not disqualify him.

• The agreement ought to be created for lawful object, that produce legal
relationship

• Not expressly declared void.

kinds of Accounts

Following area unit the most kinds of accounts

1. Individual Account

2. Joint Account

Accounts of Special sorts

1) Partnership account

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2) Joint stock company account

3) Accounts of clubs, societies and associations

4) Agents account

5) savings bank trust

6) Executors and directors accounts

7) Pak rupee non-resident accounts

8) Foreign currency accounts

Issue of cheque book:

This department issue cheque books to account holders.

Requirements for issue cheque book

a) The account holder should sign the requisition slip

b) Entry ought to be created within the cheque book issue book

c) 3 rupees per cheque ought to be recovered from a/c holder if not then debit
his/her account.

Current account

These area unit owed to the client whenever they're demanded. once a banker
accepts a demand deposit, he incurs the duty of paying all cheques etc. drawn
against him to the extent of the balance within the account. thanks to their nature,
these deposits area unit treated as current liabilities by the banks. Bankers in Asian
country don't enable any profit on these deposits, and customers area unit needed

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to maintain a minimum balance, failing that incidental charges area unit deducted
from such accounts. this is often as a result of the depositors might withdraw
accounting at any time, and in and of itself the bank isn't entirely absolve to use
such deposits. Until many decades back, the proportion of Current Deposits in
relevancy mounted Deposits was very small. In recent years, however, the position
has modified remarkably. Now, the Current Deposits became additional important;
however still the proportion of Current Deposits and glued.

Saving account

Savings Deposits account may be opened with terribly bit of cash, and therefore
the investor is issued a cheque book for withdrawals. Profit is paid at a versatile
rate calculated on six-month basis underneath the Interest-Free banking industry.
there's no restriction on the withdrawals from the deposit accounts however the
quantity of cash withdrawn is deleted from the quantity to be taken for calculation
of merchandise for assessment of profit to be paid to the account holder. It
discourages spare withdrawals from the deposits. In order to popularize this theme
the banking company of Asian country has allowed the Savings theme for faculty
and faculty students and industrial labor additionally. the aim of these accounts is
to inculcate the habit of savings within the constituents. As such, the initial deposit
needed for gap these accounts is incredibly nominal
Cash Department
Cash department performs the following functions
Receipt
The money, that either comes or goes out from the bank, its record ought
to be unbroken. Cash department performs this function. The deposits of all
customers of the bank ar controlled by means of ledger accounts.
Every client has its own ledger account and has separate ledger cards.

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Payments
It is a banker’s primary contract to repay cash received for this customer’s
account sometimes by
honoring his cheques.
The Requisites of Cheque
There is no prescribed style of words or style of a Cheque, but in order to fulfill
the requirements Cheque must have the following.
a. It should be in writing
b. The unconditional order
c. Drawn on specific banker only
d. Payment on Demand
e. Sum Certain in money
f. Payable to a specific person
g. Signed by the drawer
Types of Cheques
Bankers in Islamic Republic of Pakistan traumatize 3 forms of cheques
a) Bearer Cheques
Bearer cheques are cashable at the counter of the bank. These can also be
collected through
clearing.
b) Order cheque
These varieties of cheques also are redeemable on the counter however its
holder should satisfy the banker that he's the right man to gather the payment of
the cheque and he needs to show his identification. It can also be collected
through clearing.
c) Crossed Cheque

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These cheques don't seem to be collectible in money at the counters of a
banker. It can only be credited to the payee’s account. If there ar 2 persons
having accounts at constant bank, one of the account holder problems a cross-
cheque in favour of the opposite account holder. Then the cheque will be
credited to the account of the person to whom the cheque was issued and
debited from the account of the one who has truly issued the cheque.

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