Chapter-1 1.

1 Introduction:
Generally by the word Bank we can easily understand that the financial institution deals with Money. But there are different types of banks. In general, Commercial banks are the primary contributors to the economy of a country. Both general public and the government are dependent on the services of banks as the financial intermediary. As, banks are profit-earning concern; they collect deposit at the lowest possible cost and provide loans and advances at higher cost. The prosperity of a country depends upon its economic activities. Like any other sphere of modern socio-economic activities, banking is a powerful medium of bringing about socioeconomic changes of a developing country. The success of the mostly depend on efficient employee and the employee will be efficient when they will get training and development benefits. Our report helps us to analysis the training and development of the BASIC bank ltd.

1.2 Objectives of the study:

The general objective is to Understand the Employee Training and Development on BASIC Bank Ltd. in Bangladesh.

1.3 Methodology:
In this study, exploratory report was undertaken to gain insights and understanding of the overall the Employee Training and Development on BASIC Bank Ltd. in Bangladesh to determine their efficiency. After that a more comprehensive conclusive has been undertaken to fulfill the main purpose of the report.

1.4 Source of data:

There are mainly two sources to collect the information. To do all these things we need much information. Therefore, we have collected this information from the primary and as well as secondary sources to complete our report.

(a) Primary sources: Direct observation to the modern Bank organization. Face to face conversation with managerial officer of the organization.

(b) Secondary Sources: Required information was collected mainly from the secondary sources. The sources are: Annual report of the BASIC Bank Ltd. in Bangladesh. Different types of websites through Internet.

1.5 Limitations:
Large-scale research was not possible due to constraints and restrictions posed by the organization. In many cases, up to date information was not published. The information regarding the competitors was difficult to collect. Getting relevant papers and documents ware strictly prohibited. To protect the organizational loss in regard of marinating confidentiality, some parts of the report are not in depths. Chapter -2 Historical background of Basic bank

BASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited) registered under the Companies Act 1913 on the 2nd of August, 1988, started its operations from the 21st of January,1989. It is governed by the Banking Companies Act 1991. The Bank was established as the policy makers of the country felt the urgency for a bank in the private sector for financing small scale Industries (SSIs). At the outset, the Bank started as a joint venture enterprise of the BCC Foundation with 70 percent shares and the Government of Bangladesh (GOB) with the remaining 30 percent shares. The BCC Foundation being nonfunctional following the closure of the BCCI, the Government of Bangladesh took over 100 percent ownership of the bank on 4th June 1992. Thus the Bank is state-owned. However, the Bank is not nationalized; it operates like a private bank as before.

BASIC Bank Limited is unique in its objectives. It is a blend of development and commercial banks. The Memorandum and Articles of Association of the Bank stipulate that 50 percent of loan able funds shall be invested in small and cottage industries sector.

Capital Position

Authorized capital Paid up capital

Tk. 5000.00 million Tk. 2946.98 million

Total Reserve and Surplus up to Tk. 3493.60 million 31.12.2012 The Bank is required to transfer 20 percent of its net profit before Tax to Capital Fund as per the Banking Companies Act 1991.