ACKNOWLEDGEMENT

This is to certify that I SANA REHMAT ALI, a student of BBA(hons) course from University of central Punjab, Lahore has done 6 weeks duration summer internship from Allied bank limited All the appreciation and gratitude is for the Allah almighty who is the most merciful and beneficial. He is the only one who grants me knowledge and wisdom and made me capable of doing the challenging tasks. I thank the almighty for all those capabilities that he granted me to complete this project Secondly I am deeply indebted to my Professor Nisar Ahmed who assisted me throughout my project and whose support was an asset for the completion of this project. I am greatly thankful to Muhammad Naeem Mukhtar (CEO) of Allied bank,who given me opportunity to work in the company Finally, acknowledgements to all the employees of Allied bank. Who throughout the project helped me out to develop my skills .To all Id like to express my most sincere thanks.

SANA REHMAT ALI

Table of Contents

Executive Summary Industry Profile Company Profile Company Business Processes Company Departmental Functions SWOT analysis of the company Identification of plausible problems Recommendations for a suitable course of action Conclusion Bibliography Appendices

EXECUTIVE SUMMARY The banking structure in Pakistan comprises of the following types, State Bank of Pakistan, Commercial Bank of Pakistan; Exchange Banks, Saving banks, Cooperative banks. The network of bank branches now covers a very large segment of national economy. The State Bank of Pakistan issues the shares of these periodically. Bank employees and other common peoples can also purchase these shares and earn profit. To open an account the customer has to meet the general banking manager with an introducer. The procedure begins with the punching of account opening form to the customer file i.e. customers master file. Current deposits are those which are payable to bank whenever demanded by the customer. Bank does not pay any profit on current deposits. Financial products/services of PLS Account, Saving Account, Foreign currency accounts. In cash department both deposits and withdrawals go side by side. This department works under the CD In charge and deals with cash deposits and payments. Cash paid voucher sheet, Payingin-slip, Cheque Book, Cash balance book. or other banks is being done through NIFT. In remittance department ABL have instruments for transferring of money, Telegraphic Transfer, Mail Transfer .Bank provides this facility to the people who need advance money to meet their requirement. Party dealing with other banks financial condition of borrower business and as a first step credit proposal is being made.. ABL provides secured advances only. Banks Agriculture division deals with the agriculture advances. Bank provides the Agriculture Advances in order to enhance and support the agriculture sector of the country. Farm Credit & Non Farm Credit. In foreign exchange, ABL is dealing Foreign Currency Accounts, Foreign Remittances, and Foreign Bills for Collection. Foreign currency accounts & the foreign currency department deals with the following types of accounts, Current account, saving bank account, Term deposit. Foreign accounts are convertible on floating rate available to the bank. Letter Of Credit facility is being provided by ABL in foreign exchange.