Internship Report on Mcb - 20087 Words

PREFACE It is the requirement of the B.COM course Lahore College for Women University, Lahore that all students of B.COM have to spend six or eight weeks in any organization to get practical exposure and to get familiarized with the ways to live in the organizational environment which is dramatically different from the educational environment. That two months period called â€Å"Internship Period†, if spent properly and sincerely, enables the students to be more confident, more knowledgeable, more responsible and, above all, more committed to its work in the practical field. I have also been assigned to do internship of six weeks period in MCB Allama Iqbal Town Branch Lahore. It has enabled me to understand the practical scenario and†¦show more content†¦Banking in fact is primitive as human society, for ever since man came to realize the importance of money as a medium of exchange, the necessity of a controlling or regulating agency or institution was naturally felt. The pri ests in Greece used to keep money and valuables of the people in temples. These priests thus acted as financial agents. The origin of banking is also traced to early goldsmiths. They used to keep strong safes for storing the money and valuables of the people. The first stage in the development of modern banking, thus, was the accepting of deposits of cash from those persons who had surplus money with them. The goldsmiths used to issue receipts for the money deposited with them. These receipts began to pass from hand to hand in settlement of transactions because people had confidence in the integrity and solvency of goldsmiths. When it was found that these receipts were fully accepted in payment of debts; then the receipts were drawn in such a way that it entitled any holder to claim the specified amount of money from goldsmiths. A depositor who is to make the payments may now get the money in cash from goldsmiths or pay over the receipt to the creditor. These receipts were the earli er bank notes. The second stage in the development of banking thus was the issue of bank notes. The goldsmiths soon discovered that all the people who had deposited money with them do not come to withdraw their funds in cash. They found that only a few personsShow MoreRelatedMcb Ltd. Internship Report5549 Words   |  23 PagesMCB Bank Ltd. Stock Exchange Branch, Lahore. Advisor: Mr. Khurram shahzad (Lecturer) Muhammad ajmal khan F003-MBA-028 February 21, 2006 Dedication Acknowledgements I dedicate this internship report to my parents. Because of their prayers and encouragement I have been able to complete this report. Praise is to Allah, the most Gracious and Merciful, who blessed me with the knowledge and wisdom and enabled me to overcome this task. Heartiest gratitude to my parents without their continuousRead MoreCommercial Bank Project13831 Words   |  56 PagesExecutive Summary This report is about bank, history and functions contains what I have learned in my six week internship at MCB (Ltd). It starts with its success story and brief introduction of management. This report contains detail about business practices in MCB, its current financial statement, position, working of its different departments in MCB Gojra Branch and about of how a letter of credit is used in bank. The purpose of exercise was to learn while working in practical field, especiallyRead MoreInternship Report on Ztbl20418 Words   |  82 Pages1 Introduction to Report CHAPTER 1 â€Å"INTRODUCTION TO REPORT† 1.1 BACKGROUND OF STUDY The Zarai Taraqiati Bank Limited is the premier financial institution geared towards the development of agriculture sector by providing financial products and services to their customers. It is a common practice at universities during the completion of the masters and bachelors program to attain practical experience in different fields. Students are required to undergo an internship program of two monthsRead MoreSummit Bank13780 Words   |  56 PagesSUMMIT BANK LIMITED MULTAN ROAD BRANCH [pic] An Internship report Submitted in Partial Fulfillment For The Degree of Masters of Science In Accounting Finance AMNA HAMID Session (2008-2010) Department Of Accounting FinanceKinnaird College for Women, Lahore [pic] Executive summary â€Å"The purpose of study was to know about SUMMIT BANK LIMITED and to analyze the financial statement. â€Å" In this report the Summit Bank’s history, mission, vision and services as well as management isRead MoreHrm in Aviation10615 Words   |  43 Pagesspend $1.6 million in pilot training scholarships in a joint program with Western Michigan University and the Organization of Black Airline Pilots. Delta has also targeted selected high schools around the US where it provides financial assistance, internships, job shadowing, and facilities tours. Employees provide program support by serving as mentors in the classrooms, sharing real-life experiences with the D-TCA [Delta Technical Career Academy] students. And, in another collaborative effort with OBAP