SUBMITTED TO: SUBMITTED BY:

Mr. Mohammed Golam Rabbani Name-MD. Seafath Mahmud

Lecturer ID-1611393030

Department of Accounting & Finance Course-Bus498.125

North-South University Organization-Mercantile Bank Limited

 8TH NOVEMBER – 14TH NOVEMBER

WORK DONE:

This week I gave most of the time repeatedly working in the Credit Department. I communicated

with the officers engaged in my department to discover more about the projects in-depth.

Throughout this time, I highlighted and studied the importance of CIB Reports (Credit Information

Bureau Reports). The information which I have discovered this week has been discussed here.

Mercantile Bank has a lot of rules and commands when it comes to granting credit cards. They

infrequently offer credit cards to their customers due to the limitations as per Shariah-based Islamic

Banking policies. However, it is provided if, due to distinct objects, the CIB reports' part comes

in.

Credit Information Bureau is accountable for preserving the records of all borrowers or financing

customers. The banks are also asked to report every venture's features to the CIB department

formed by Bangladesh Bank. These have to be done each month, which will determine the situation

of the investment. In addition to this, even the banks have to assemble the CIB report before

approving any investment facility. To explain this more clearly, it merely means that once a

customer takes a bank loan, he/she has to be registered and inscribed to the Credit Information

Bureau where their investment-related information will be deposited.

LEARNING & ACHIEVEMENT:

Other than these, when I asked my executive concerning the consequence of Credit Information

Bureau, I was informed that it not only prepares this but also tells about the clients' station (for

instance, if their debt is overdue, etc.). Instead, it also shows the progress the bank can engage,

depending on these situations. For example, Bangladesh Bank has presented a rule that if a client

is a defaulter, he/she cannot be funded. However, if someone does have any investment or loan

pending, they have to be financed. As a result, the thoughts, as stated earlier, were my

accomplished Knowledge this week.

OBSERVATION:

Before receiving a client’s, application form availing of a particular scheme, the bank must

accompany a history check and learn about the customers. This is done by analyzing the loan

request, statement of account of the borrower, income tax returns, sales tax returns, revenue or

local government records, audited balance sheet, sales tax returns, payment or local government

records, government gazettes, etc.

NOTICEABLE EVENTS:

In the fifth week of my internship, I saw my supervisor desire me to communicate with him and

other executives. I owned some difficulties concerning the copious concepts of investment.

However, I was helped by my supervisor and also by the other interns in the Investments

department.

LINK TO ACADEMIC K NOWLEDGE :

Doing something functionally is more knowledgeably than academic learning. From my

internship, I can understand that, and I can make my theoretical Knowledge clearer.