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Deposit Mobilization of National Bank Ltd Dhanmondi Branch: Problems, Prospects and Suggestions
Submitted to: Mrs. Afia Akter Assistant Professor in Finance Department of Business Administration Northern University Bangladesh
Introduction:
ational Bank Limited is regarded as the pioneer in the private sector banking of Bangladesh. National Bank started its journey with the noble vision of diversifying banking activities into different activities of client service. The bank is also committed to fulfill its responsibilities to the society and the country. National Bank Limited has its prosperous past, glorious present, prospective future and under processing projects and activities. Established as the first private sector Bank fully owned by Bangladeshi entrepreneurs, NBL has been flourishing as the largest private sector Bank with the passage of time after facing many stress and strain. Moreover, considering its forth-coming future the infrastructure of the Bank has been rearranging. The expectation of all class businessman, entrepreneurs and general public is much more to NBL. Several dynamic entrepreneurs came forward for establishing a bank with a motto to revitalize the economy of the country. National Bank Limited was born as the first hundred percent Bangladeshi owned Bank in the private sector. From the very inception it is the firm determination of National Bank Limited to play a vital role in the national economy. President of the People's Republic of Bangladesh Justice Ahsanuddin Chowdhury inaugurated the bank formally on March 28, 1983 but the first branch at 48, Dilkusha Commercial Area, Dhaka started functioning on March 23, 1983. The 2nd Branch was opened on 11th May 1983 at Khatungonj, Chittagong. Today they have total 76 Branches all over Bangladesh.
Problem Statement:
Banking Industry is one of the most promising industries of our country. The importance of the sector revealed though its contribution in the economic growth of the country. This sector accelerates economic growth though mobilizing funds from surplus unit to the deficit unit. Banking Industry is moving towards rapid changes due to technological innovation and diversified need of its customers. People and govt. itself are very much dependent on the effective and efficient services provided by the banks in the financial markets of the country. Commercial banks act as financial intermediaries by performing the functions of mobilizing the funds and utilizing them in the proper way. In Bangladesh, one common problem is the fact that the cost of funds is very high in the country because of high transaction and ledger cost and limitation in the structure. Sources of funds are also very limited. Competition is intense for
funds in the country. Combining all these issues, financial environment is tough to operate in Bangladesh. National Bank Ltd is a private commercial bank and which has strong contribution in Bangladesh economic growth. Though National Bank Ltd. Is running its business successfully the Bank also has some problems.
Supporting Objectives
o To know the deposit rate of National Bank Ltd of Dhanmondi Branch. o To know the products offer by National Bank Ltd. o To have practical orientation of the job market. o To identify the problems of National Bank Ltd.
Methodology:
This report has been prepared on the basis of experience gathered during the period of internship. This study would require collection of primary as well as secondary data. But especially emphasizes on primary data. Both quantitative & qualitative research methods will be adopted to collect primary data.
Sample Design
A non-probability sampling procedure was used for this report because customers were very busy. The judgmental sampling procedure was used here to select the sample units who could allow them to respond to the questioners.
Sampling Techniques
The study has been conducted by using a non-probability sampling techniques.
Source of information:
The sources refer to the origin from where we have collected all information. The reliability of the report depends on the source of information. Both primary & secondary source of the report writing is discussed below.
o Questionnaire survey
Limitation of time was a major constraint in making a complete study, due to time limitation.
It was too limited to cover all the banking area. Many aspects could not be discussed in the present study.
Lack of comprehension of the respondents was the major problem that created a lot of confusion regarding verification of conceptual question. Another limitation of this report is Banks policy of not disclosing some data and information for obvious reason, which could be very much useful.
As being an intern, it also created some problems as I was unable to acquire hands-onexperience in all the departments, due to the banks policy of maintaining secrecy and also because I did not get the opportunity in all the departments.