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Internship Report of Nepal Bank
Internship Report of Nepal Bank
Submitted To
Apex College, Internship Management Team in the partial
fulfillment of the requirements for the degree of Master of Business
Administration (MBA)
Submitted By
Siddhant Gadal
PU Registration No.: 2020-2-22-0079
PU Exam Roll No.: 20220227
July, 2022
Kathmandu
DECLARATION
.....................
Siddhant Gadal
MBA, V Trimester
Apex College
Pokhara University
July , 2022
i
ACKNOWLEDGEMENT
I would like to thank a number of people who gave their valuable time in training
me, motivating me and teaching me a lot of life lessons during my internship period.
The internship opportunity I had with Nepal Bank Limited was a great chance for
learning and professional development. Therefore, I consider myself as a very lucky
individual as I was provided with an opportunity to be a part of it.
First of all, I would like to extend my sincere gratitude and special thanks to Mr.
Kul Prasai and all the members of Apex Career Services for their continuous
guidance and support during my internship period. I am using this opportunity to
express my deepest gratitude and special thanks to the Mr .Harihar Kumar
Chaudhary, Branch Manager of Nepal Bank, Baneshwor Branch.
I would like to express my deepest thanks to Mrs. Alexa Pokhrel, Mrs.
Chandeshwori Kayastha and Mr. Pujan Gyawali who helped me the most by
solving all the query and curiosity related to Customer Service, Cash and Clearing
Department and for taking part in useful decision & giving necessary advices and
guidance. . I would also like to express my thanks to all the staffs of Nepal Bank
Limited, Baneshwor branch, who directly or indirectly helped me during the
internship program.
Lastly, I would like to thank my family and friends for being an inspiration in every
step in the completion of this report. I perceive as this opportunity as a big milestone
in my career development. I will strive to use gained skills and knowledge in the
best possible way. Hope to continue cooperation with all of you in the future.
Sincerely,
Siddhant Gadal
July, 2022
i
ABBREVIATIONS
ii
Contents
DECLARATION i
ACKNOWLEDGEMENT ..................................................................................................................................................... i
ABBREVIATIONS ............................................................................................................................................................... ii
EXECUTIVE SUMMARY................................................................................................................................................... v
CHAPTER ONE 1
INTRODUCTION i
1.2 Objectives of Internship .................................................................................................................................. 2
1.3 Selection of Organization ................................................................................................................................ 2
1.4 Internship Details ........................................................................................................................................... 3
1.5Internship Duration ......................................................................................................................................... 3
CHAPTER TWO 5
ORGANIZATIONAL ANALYSIS ...................................................................................................................................... 5
2.1 Establishment ................................................................................................................................................ 5
2.2. Mission and Vision ........................................................................................................................................ 5
2.3 Organizational Structure ................................................................................................................................. 6
2.5 SWOT Analysis ............................................................................................................................................. 7
CHAPTER THREE .............................................................................................................................................................. 9
INTERNSHIP EXPERIENCE............................................................................................................................................. 9
3.1 Internship Activities Performed........................................................................................................................ 9
3.1.1 Customer Service Department ............................................................................................................................. 9
3.1.2 Remittance Department ...................................................................................................................................... 9
3.1.3 Clearing Department .................................................................................................................................. 10
3.1.4 Credit Department ........................................................................................................................................... 10
3.2 Problems Identified ...................................................................................................................................... 10
3.3 Solutions Offered ......................................................................................................................................... 10
3.4 Internship Achievements ............................................................................................................................... 11
3.4.1 Skills Development.......................................................................................................................................... 11
3.4.2Networking Development .................................................................................................................................. 11
3.4.3 Application of Theory into Practice ................................................................................................................... 12
3.4.4 Career Path ..................................................................................................................................................... 12
CHAPTER FOUR 15
CONCLUSION AND RECOMMENDATIONS .............................................................................................................. 15
4.1 Conclusion .................................................................................................................................................. 15
4.2 Recommendations ........................................................................................................................................ 16
4.2.1 Recommendation to Nepal Bank Limited ........................................................................................................... 16
iii
4.2.2 Recommendations to ACS/College/University .................................................................................................... 16
APPENDIX I 17
WEEKLY ACTIVITIES PERFORMED AT NBL .......................................................................................................... 17
iv
EXECUTIVE SUMMARY
Nepal bank limited is the first commercial bank of Nepal. It was established in 1937,
by Juddha Shumsher which marked the beginning of an era of formal banking in
Nepal. In November 15 1937(Kartik 30,1994), the then King Tribhuvan inaugurated
Nepal Bank Limited. This marked the beginning of an era of formal banking in
Nepal. Until then all monetary transactions were carried out by private dealers and
trading center. When NBL was established, it was formed under the principle of
joint venture between government and general public. NBL’s authorized capital was
NPR 10 million and issued capital NPR 2.5 million of which paid-up capital was
NPR 842,000 with 10 shareholders. The bank has been providing banking through
its branch offices in the different geographical locations of the country. For the
internship I choose Nepal Bank Limited . Applying the knowledge that I have to a
real working place was very exciting. The main objective of this internship is also
to expose the students to the actual working environment.
I had a great experience during my internship. I was placed under different
departments such as Customer Service Department, Cash Department, Clearing
Department and Credit Department. I was also given a lot of information about
different works that is performed at bank. Most of the time, I was involved in
Customer Service Department.
During the internship period I got chance to get familiar with different activities like
opening new account, distribution of cheque books, distribution of ATM card and
PIN, opening fixed deposit, collection of cheque value of the same bank, handling
customer queries, E-banking and ID distribution, customer due diligence form fill
up, KYC form fill up, account activation performed in deposit department. Internee
also learned various new things about Credit, Remittance and Clearing department
as well. This experience helped me to gain in-depth knowledge about real working
environment, interpersonal and communication skills, organizational culture and
behavior, professional qualities and team building spirit as well as working
principles of commercial banks. The knowledge acquired in course of internship
period was relevant and useful to some extent only in the context of the job in the
future.
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CHAPTER ONE
INTRODUCTION
the intern and the organization. Internships are used to determine if the intern still
has an interest in that field after the real-life experience. In addition, an internship
can be used to create a professional network that can assist with letters of
recommendation or lead to future employment opportunities.
In order to expose the students to the actual working environment, internship has
been included as a compulsory requirement for the successful completion of the
two-year Master of Business Administration (MBA) under Pokhara University and
other universities around the world. This opportunity provides students with a
chance to work in reputed companies and to get real world experience.
It can be helpful for students to get job opportunities in that organization in future
as well. This internship period provides students with an opportunity to apply the
theoretical knowledge they have gained through books in a real corporate world and
to analyze the several different cases the companies might have issues and problem
solving which a classroom cannot provide. After the completion of internship, the
students are required to prepare a project report on a topic relevant to the work they
were assigned during the internship. This internship report is mainly focused on
Nepal Bank Ltd. Corporate office Baneshwor.
1
1.2 Objectives of Internship
The main objectives of the study are to fulfill the partial requirement of the
internship program. Apart from this, the objectives of the study are as follows:
➢ To explore the applicability of theoretical knowledge in practical workplace in
different departments at Nepal Bank Limited, Baneshwor Branch.
➢ To increase proficiency in several business disciplines such as Customer service
management, operation management, accounting etc.
➢ To develop and improve business skills in communication, technology and
teamwork.
➢ To expand network of professional relationships and contact.
➢ To enhance new knowledge regarding particular area through learning by doing
approach.
2
1.4 Internship Details
Position Intern
1.5Internship Duration
The intern was placed in different departments at Nepal Bank Limited , Baneshwor
Branch during the internship period. During the period, intern got a chance to gain
knowledge of about their products and services as well as the working procedures.
3
Table 1.2: Placement and Duration during the Internship
Departments
Customer
Service
Department
and
Remittance
Remittance
Department
Credit
Department
4
CHAPTER TWO
ORGANIZATIONAL ANALYSIS
2.1 Establishment
Nepal bank limited is the first commercial bank of Nepal. It was established in 1937,
by Juddha Shumsher which marked the beginning of an era of formal banking in
Nepal. In November 15 1937(Kartik 30,1994), the then King Tribhuvan inaugurated
Nepal Bank Limited. This marked the beginning of an era of formal banking in
Nepal. Until then all monetary transactions were carried out by private dealers and
trading center. When NBL was established, it was formed under the principle of
joint venture between government and general public. NBL’s authorized capital was
NPR 10 million and issued capital NPR 2.5 million of which paid-up capital was
NPR 842,000 with 10 shareholders. The bank has been providing banking through
its branch offices in the different geographical locations of the country. From the
very conception and its creation, NBL was a joint venture between the government
and the private sector. Out of 2500 equity shares of NPR 100 face value, 60% was
subscribed by the government and the balanced 40% was offered for the sale to
private sector. There were only 10 shareholders when the bank first started.
Nepal bank limited is providing services to its customers from its 217 branches. It
provides deposits facility, advanced ABBS services from 162 branches, internet
banking along with the ATM facilities through 144 ATM terminals all over the
country. The headquarter is located in Dharmapath, Kathmandu Nepal.
5
2.3 Organizational Structure
Source- https://www.Nepalbankltd.com/about/organizational-structu
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2.4 Major Products and Services
➢ Deposit
It includes saving account, current account, recurring deposit account ,call
account ,fixed deposit account and NBL retirement account.
➢ Loans
The loan facility includes SME loan, deprived loan, agricultural loan,
corporate loan or retail loan.
➢ Atm /Card Services
Includes the facilities of debit card and credit card.
➢ Auxiliary Services
It includes Bancassurance and locker facilities.
➢ Others
-Remittance
-Mobile banking and internet banking
-Branch less banking
SWOT stands for strengths, weaknesses, opportunities, and threats. SWOT analysis
is done to analyze the external and internal environment of the organization.
Strengths and weaknesses come from internal environment whereas opportunities
and threats come from external environment. The organization has to analyze its
strength in order to gain competitive advantage. SWOT analysis also helps the
organization to predict the possible future opportunities so the organization can be
prepared to grab those opportunities. The SWOT analysis of NBL is presented as
follows:
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SWOT Analysis
Strengths Weaknesses
• Government ownership bank • Under staffing and weak
• Wide network of branches human resources policies
• High customer trust • Weak organizational
mandate
• Some of the branches of
NBL are still outdated
Opportunities Threats
• Attract new customers through • High competition in the
various new banking technologies market
• Investment can be made in the • Liquidity crunch
national level projects like • Threat of substitute products
hydropower, tourism, agriculture etc.
• Increasing banking business
8
CHAPTER THREE
INTERNSHIP EXPERIENCE
During the internship period, different tasks were assigned to intern with the full
support of employees. The intern had been confronted especially in policies and
procedures of working in various departments. With reference to these policies, various
procedure and requirements for working had been acknowledged and had been
indulged into several activities. Some of the activities performed during the internship
period under different departments are also mentioned in the upcoming parts.
The activities performed under different department are described below:
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3.1.3 Clearing Department
• Separated express cheque and normal cheque
• Stamped in cheque
• Informed the customer in case of cheque return
3.4.2Networking Development
During this period of internship, I met different clients and was able to build a strong
relation with them. Different entrepreneurs also came for respective work in bank with
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whom professional relation was built by me. The major things learnt were to interact
with customer on phones which I was not previously good at. Good relationship was
also maintained with all the staffs of NBL. This PR will definitely be helpful in future.
The interpersonal skills will help me interact with the various types of customers and
their various problems in the future as well.
• Commercial bankers
Commercial bankers focus on providing financial services to small and large
businesses. Several areas of focus are available to commercial bankers, including
commercial lending, small business development and commercial loan workout.
Commercial loan officers develop relationships with businesses to offer business loans
to companies needing funding for operational growth.
• Investment Banker
These bankers typically work in the corporate offices of banks and other financial
institutions. Their job duties vary considerably, depending on the specialty. An
investment banker can take on the role of an asset manager, making investment buy
and sell recommendations to clients. Some investment bankers work with companies
through the process of an initial public offering, or IPO. Other duties may include
13
constructing financial models to advise clients through mergers and acquisitions,
monitoring the financial markets, and analyzing specific types of securities and
commodities
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CHAPTER FOUR
4.1 Conclusion
During the period of internship, I got to learn a lot about the real banking sector and
banking operation. The friendly and supportive staffs helped me to grab the beneficial
and worthy learning experience internship period. The internship program helped me
to widen the knowledge about the bank and its operations. This experience helped me
to gain in-depth knowledge about real working environment, interpersonal and
communication skills, organizational culture and behavior, professional qualities and
team building spirit as well as working principles of commercial banks. The knowledge
acquired in course of internship period was relevant and useful to some extent only in
the context of the job in the future. In our course, we had acquired only the theoretical
knowledge where as in internship we gained more practical knowledge and were able
to cope with working environment. This report is prepared on the basis of internship
done at Nepal Bank, Baneshwor branch, Kathmandu.
Internship provided a real working environment for two months in the bank. During the
internship period I got chance to get familiar with the activities like opening new
account, distribution of cheque books, distribution of ATM card and PIN, opening
fixed deposit, collection of cheque value of the same bank, handling customer queries,
E-banking and ID distribution, customer due diligence form fill up, KYC form fill up,
account activation performed in deposit department. Internee also learned various new
thing about Credit, Remittance and Clearing department as well. There was friendly,
communicative and cooperative environment between the personnel working from top
level to middle level. I was also able to know the various services and facilities offered
by Nepal Bank. Today's world is more challenging and dynamic. This is all due to the
advancement of innovative ideas and products. In this competitive age, to make
yourself competent in established organization you need to keep learning . It's necessary
to be flexible in the related field and it is possible only through hard work, dedication
and commitment which is also a major takeaway from this time period. Overall, the
internship program has been very fruitful in enhancing the practical knowledge.
15
4.2 Recommendations
This internship program was started and completed properly due to proper support of
both Nepal Bank and Apex Career Services. The work performed by both institutions
in development of the intern is commendable. There are some recommendations I want
to give for Nepal bank as well as college mentioned in upcoming part.
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APPENDIX I
17
4th 26thMay- • Learned to update customers mobile/SMS banking
1st June ,
2022 • Provided information about mobile banking app (how to
operate it)
• Provided customer their CRN number/Customer id
• Assisted customer for DMAT account opening
• Printed DP statement
• Renewed Meroshare Id of customers • Assisted
customer for locker ownership.
5th 2nd June - • Received cheque for clearance
8th June,
2022 • Stamped on the cheque
• Issued balance certificate
• Issued SMS alerts
• Informed all customers about cheque return along
with the reason.
6th 9th June- • Issued of bank advice
15th June,
2022 • Issued of cheque through system
• Acknowledged cheque
• Scanned the photograph and signature of customers,
uploaded it in system and got it verified.
• Wrote application for different purpose
th th
7 16 June- • Assisted in CSD
22nd June ,
2022 • Assisted in Clearing Department
• Assisted in Remittance department
• Mailed for KYC updating, Lien amount release,
account transfer and account closing.
8th 23rd June – • Scanned important legal documents
29th June,
2022 • Assisted in the opening of OD account • Filling up the
Loan paper which includes Loan deed, Promissory note,
Personal Guarantee etc.
• Scanned of legal documents.
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