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Internship Report on NBP 3

Internship Report on NBP 3

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Published by M umar

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Published by: M umar on Dec 19, 2011
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01/04/2014

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AcknowledgementsFirst of all, I offer the best thanks to almighty Allah because without his blessing I was notin position to complete my internship report on national bank of Pakistan..
List of Contents
AcknowledgementsiList of Tables and ContentsiiObjectives of Studying the Organizationv
 
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OBJECTIVES OF STUDYING THE ORGANIZATION
The main
objective of studying the organization is to see the application of theoretical concepts. Aninternship of at least sic weeks is necessary to fulfill the requirements to get MBA (banking & Finance)degree. I have completed my required working period as an internee in the bank that provides meopportunities to learn about financial sector and my discipline of study.
Chapter # 1INTORDUCTION TO THE ORGANIZATION1.1)Brief History of NationalBank of Pakistan (NBP)Establishment of National Bank of Pakistan
National Bank of Pakistanwas established on November 8, 1949through passing of a specialordinance in the National Assembly. The need for the establishment came due to the reasonwhen aft that time newly born country was facing economic crises. To get rid the interventionform the reserve bank of India, a self owned and operated Central Bank by the name of StateBank of Pakistan was formed in July 1948 to carry on the responsibilities of issuing the currencyand most importantly controlling the flow of money in side the country.State Bank of Pakistan after its formation demanded from the Indian Reserve bank the assetsagainst the Indian currency retired from Pakistan territory. Government of India refused to handover the assets worth about five hundred million rupees. This dispute is still unsettled and theseassets are still not delivered to Pakistan.
1.2) NATURE OF BUSINESS
 
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National Bank of Pakistan was established under the National Bank of Pakistan Ordinance, 1949 and islisted on all the stock exchanges in Pakistan. It is registered and head office is situated at I.I.Chundrigar Road, Karachi. The bank is engaged in providing commercial banking and related services inPakistan and overseas.
1.3) BUSINESS VOLUME
i
1.4) Number of employees (designation vise break up)
ii
DESIGNATIONSNO.OF EMPLOYEESExecutives531Officers6636Clerical3982Non-clerical1327Others796Total Employees15,2041.5) PRODUCT/SERVICES OFFERED BY THENATIONALBANKOF PAKISTAN
With the passage of time National Bank of Pakistan introduced variety of products and services.The bank now deals in almost all products that commercial banksdeal in.
PRODUCT/ SERVICES OFFERED
Treasury Productsa)Pakistan Investment Bondb)Derivatives ProductsI.Currency OptionsII.Interest Rate Swaps and FRAs
Hedges the Interest Rate riskA client can convert a fix rate loan into floating rate one or viceversa by using these derivative instruments
Cross Currency Swaps
Hedges the Interest Rate RiskThis product allow a client to convert its rupee based loans into adollar based loan. The client’s exposure is shifted from PKR KIBOR to USD LIBOR.

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