Uttara Bank Limited

CHAPTER-1

INTRODUCTION

                                                                

1.1 Introduction

The internship program is an opportunity for the students and it bears a great significant for us. It familiarizes the students with the practical business operations. The students of internship program get the chance to understand the real business world closely and familiarize themselves with internal and external expects of business. It gives them an opportunity to develop the analytical skill and scholastic aptitude.                                 

All over the world the dimension of banking has been changing rapidly due to Deregulation, Technological innovation and Globalization. Commercial banks in Bangladesh have to keep place with the change in global business. Now banks have to compete in market place both with the local institutions as well as with the foreign institutions.   

To survive such a competitive banking world, two important requirements are development of appropriate financial infrastructure by the central bank and development of “professionalism” in the sense of developing an appropriate manpower structure and its expertise and experience. To introduce skilled banker, only theoretical knowledge in the field of banking studies is not sufficient. An academic course of the study has a great value when it has practical application in real life situation. So, I need proper application of my knowledge to gate some benefit from my theoretical knowledge make it more tactful. When I engage myself in such fields to make proper use of my theoretical knowledge in my practical life situation. Such theoretical knowledge is obtained from a course of study at only the half way of the subject matter. Internship implies on other the full application of the method and procedures through rich acquire of subject matter can be forcefully applied in my day-to-day life situation. Such a procedure of practical application is known as internship.

1.2 Background of the study

Knowledge and learning becomes perfect when it is associated with theory and practice. Theoretical knowledge gets its perfection with practical application. After the completion of the 12 semester courses I was placed in Uttara Bank Limited, Jatrabari Branch for three month in order to complete a short internship program for getting practical knowledge. This is an orientation to the entire banking department and finally a study on a particular arena of “Overall Banking Activities:A special focus on foreign exchange of Uttara Bank Limited”. While working with both of my supervisors in which I can make a detail research and present my understanding about that operational area in this repo