Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
Remaing Repo

Remaing Repo

Ratings: (0)|Views: 0|Likes:
Published by Faizi Ali

More info:

Published by: Faizi Ali on Aug 19, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

08/19/2013

pdf

text

original

 
 Page
1
of 
51
 
OBJECTIVITY OF REPORT
I, as student of BBA (Hons.) at Kinnaird College, Lahore was assigned to doInternship in any organization as per degree requirement. I got an
opportunity to do internship at “Askari Bank Limited” for six weeks and at
the end prepared this report.
The essentials of this report include firstly, the Bank‟s profile, Vision, Mission
Statement etc, management system and department details as well as itsproducts and services. Then, the most important part of this report is aboutthe tasks performed by me at Askari Bank Limited as an intern. Finally,Recommendations and conclusion are given according to the perceivedevaluation.
 
 Page
2
of 
51
 
DEFINITIONS OF BANK 
ACCORDING TO BANKING COMPANIES ORDINANCE 1962
 “Banking means the accepting
for the purpose of lending, or investment, of deposits of money from the public, repayable on demand or otherwise, and
withdraw able by cheque, draft, order or otherwise.” 
 
(1) “Banks do business of money. Rather banks do business of lending andborrowing loans.” 
 (
2) “Banks are guardian distributor of cash money” 
 
(3) “Banker or a bank or a person or company carrying on the business
receiving moneys and collecting drafts for customers subject to theobligation of honoring cheques drawn upon them from time to time by thecustomer to the extent of the amount avail
able on their current accounts.” 
 The name bank is derived from Latin word banchomeaningdesk/bench, usedDuring the renaissance by the Florentines bankers, who used to maketransactions above a desk covered with a green table cloth.The first modern bank was founded in Italy in Genoa in 1406; its name wasBanco di San Giorgio (Bank of St.George).The word bank can be traced down to the ancient Roman Empire, whenmoney lenders would set up their stalls in the middle of an enclosedcourtyard called macella on a long beach called bancu.
 
 Page
3
of 
51
 
INTRODUCTION ABOUT BANKING SECTOR
 
Word Bank is said to be derived from the words Bancusor Banque thatmeans a bench.
 
Other authorities hold the opinion that the word Bank is derived from
the German word “Back” which means joint stock fund.
 
 
Later on, when the Germans occupied major part of Italy, the word
 “Back” was Italianized into “Bank”(Aslam, 1999)It is therefore, not
possible to decide as to which of the opinions is correct, for no record
is available to ascertain the validity of any of the opinion”.
 
 
Banking is the business of providing financial services to consumersand businesses.
 
The basic services a bank provides are
o
 
checking accounts, which can be used like money to makepayments and purchase goods and services
o
 
savings accounts and time deposits that can be used to savemoney for future use;
o
 
loans that consumers and businesses can use to purchase goodsand services; and
o
 
basic cash management services such as check cashing andforeign currency exchange.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->