Escolar Documentos
Profissional Documentos
Cultura Documentos
Internship Report
On
EXECUTIVE SUMMARY
Dedication
I dedicate this
internship report to
my Parents,
Teachers, Friends
and MCB Bank staff
because of their
encouragement
Guidance I have
been able to
complete this report.
Acknowledgement
TABLE OF CONTANT
Remittances department 44
i. Demand Draft (DD) 45
Vision Statement
To be the leading financial services providing, partnering with our customers for
a more prosperous and secure future.
Mission Statement
After the failure of the communism it was realizes through the world the idea
of nationalization was not correct and has no any positive effects on economy.
This idea developed especially in 1980 decade under which in sub continent of
Asia its importance was also realized. In Pakistan privatization and deregulation
policy was stared in1998 under this policy the first unit privatized was MCB with a
view to stable the economy and reduce the burden of national exchequer of other
sick units.
In 1990 this bank was announced for privatization on the ground that 51%
shares would be for general public out of which 26% shares would be offered to
particular party, which will take the administration of bank and lead by Mian
Muhammad Mansha who was the first chairman of MCB LTD.
AWARDS
Year 2011
Year 2010
2010 The Asian Banker Strongest Bank in Pakistan
2010 The Asian Banker Leadership Achievement Award
2010 MMT Best Bank Led MMT Service
2010 ICAP / ICMAP BCR Award 2009-Banking Sector
2010 SAFA Certificate of Merit Award for BCR
2009
Year 2009
2009 Asia money Best Domestic Bank in Pakistan
2009 The Asset Best Domestic Bank in Pakistan
Year 2008
2008 Euro money Best Bank in Asia
2008 Euro money Best Bank in Pakistan
2008 Asia money Best Domestic Bank in Pakistan
Year 2006
2006 Asia money Best Domestic Bank in Pakistan
2006 Euro money Best Bank in Pakistan
Year 2004
Year 2004
2004 Euro money Best Bank in Pakistan
2004 Asia money Best Domestic Bank in Pakistan
VALUES
Integrity
We are the trustees of public funds and serve our community with
integrity. We believe in being the best at always doing the right thing. We
deliver on our responsibilities and commitments to our customers as well
as our colleagues.
Innovation
We encourage and reward people who challenge the status quo and think
beyond the boundaries of the conventional. Our teams work together for
the smooth and efficient implementation of ideas and initiatives.
Customer Centricity
Respect
BUSINESS OPERATION
Organizational Structure
Audit Committee
Tariq Rafi (Non executive Director)
Aftab Ahmad Khan (Non executive Director)
Dati Muhammed Hussain (Non executive Director)
Dato Seri Ismail Shahudin (Non executive Director)
Ahmad Alman Aslam (Non executive Director)
MCB ATMs
MCB Call Centre
MCB Mobile
MCB Mobile ATM
MCB Online Banking
MCB Car4U
Business Sarmaya
Pyara Ghar
Easy Personal Loan
MCB Instant Finance
MCB CARDS
MCB BANCASSURANCE
MCBS REMITTANCE
VIRTUAL BANKING
Deposit Schemes
Types of Ijarah
Car Ijarah
Equipment Ijarah
Murabahah
Musharika Equipment
PRIVILEGE BANKING
OTHER SERVICES
MCB MNET
MCB Salary Club
MCB Lockers
MCB SMS Banking
MCB Full Day Banking
SWOT Analysis
There are two part of SWOT Analysis
Internal Analysis
External Analysis
4. It has one of the nations largest ATM network with more than 500
ATMs covering 110 cities across the country and it is still growing.
Weaknesses:
2. Due to the lack of advertisement majority of the people are not well
aware about the products of MCB.
4. Most of the staff and employees are dissatisfied due to low salaries as
compared to same position in other banks.
5. It is also seen that the staff complain about over loaded of work. It is
the reason that turnover ratio of MCB is increasing.
6. MCB has numbers of employees of the period when the MCB was
nationalized bank they cannot perform their duty as like employees in
other banks. They always show rude attitude that is not much
motivating for new customer.
External Analysis
Opportunities:
1. MCB bank can capture big portion of the market by expanding their
branches and ATM network to other countries.
2. MCB have to launch some new product or services like tele bank and
internet banking etc.
4. MCB bank has to start some kind of Social services or for culture
benefit. By doing this it can motivate its customer that you are
contributing in this services by parching and using MCB services.
Threats:
1. In Pakistan the banking sector is growing rapidly and it has attracts the
business men to enter in banking sector. Some foreign banks have
started their business in Pakistan. Now MCB bank has to compete with
great effort by giving superior services.
2. From few years Pakistan is facing a lot of problems like energy crisis,
rising prices of product. Govt. of Pakistan is borrowing money from
Marketing Strategy
MCB bank is using different kind of marketing Strategies to expand their
business. MCB bank is using marketing mix strategy for promotion. It is a set
of marketing tools which is used to find out the marketing objectives in the
target market.
These tools are classified into four factors named as
1. Product:
MCB bank has started new services and product to satisfy the
customers. Different kind of accounts are offered by the MCB bank to
attract the customers.
There are many other products and services that the MCB bank had
lunched. By providing such kind of products MCB has attracted the
consumers from outside the bank market and core account from
competitors.
2. Price:
3. Place
Bank Branches
Bank branches:
Bank branches are the most important channel of distribution for the
bank. Through these branches MCB is easily serving potential customers.
The largest portion of business is being generated from these branches.
The bank has also started Saturday banking in all big cities with ATN
network.
MCB has made the contract with Master Card International and
made the ac cess of the card possible at 11 million outlets all over the
world. Due to use of this card there is rapidly increase in the usage of
banking services.
4. Promotion
MCB bank use this tool for different activities. BY using different
ways MCB is targeting the customers to use their product or services.
MCB Ltd has used this tool to spread information about their services and
product.
MCB bank is using four basic promotional tools for promotion and those
promotion tools are the following.
Advertising
Personal selling
Publicity
Sales promotion
Competitive Strategy
After making the mix structure of basic elements of marketing the banks
focus on growth strategies.
Diversification Strategy
With the help of this strategy the bank management first consider
either it could gain more market share or not with its current products in
their current markets.
In this it considers whether it can find or develop new markets for its
current products.
Diversification Strategy:
Market penetration:
By using this strategy MCB bank is increasing its sale with existing
product in the existing market by means of increased and more effective
positioning and targeting, delivery and promotional activities.
Market development:
Product development
Diversification
Stockholders Equity
Common Stock Equity 100 79.99 62.82 53.33 48.48
Retained Earnings 100 95.09 87.79 75.89 65.92
Equity Gains or Losses 100 111.31 109.03 94.52 208.4
Equity Adjustments 100 110.01 110.34 94.26 56.85
Total Equity 100 96.68 89.58 77.12 87.07
Total Liabilities and Stock 100 89.99 82.0 71.09 66.29
I have done my six weeks internship from MCB bank limited (1186)
Masoom Shah Road Multan under the branch manager Shahid Mahmood.
This is a online branch of MCB bank and this branch is doing good business. The
question comes in how? Reasons behind this are firstly, when the branch
manager joins this branch he brings some account with him. Secondly, this
branch is on exact location on the main road and different are around it. Thirdly,
the Staff of this branch is much cooperated they work like a time thats why the
working of management is very smooth and efficient. Finally, this branch have
very good contact and the relation with the shops business entities and the other
sound parties as well to increase the deposit of the branch and maintain the
efficiency of the work and enhance the organization.
The branch manager Shahid Mahmood introduced me with staff members and
guided me about different functions being operated within the organization.
Starting and the ending dates of my internship program in the MCB bank limited
(1186) Masoom Shah Road Multan.
There are different types of accounts in MCB bank limited which are offered to its
customers. Different accounts has different benefits different charges different
minimum balance requirement and different purposes.
There are three types of account.
1. Current account
2. Saving account
3. Term deposit account
Current Account:
Saving Account:
MCB Bank offers a wide array of savings products that suit short term
growth & transactional needs. Our savings accounts offer attractive profit rates
as well as flexibility to transact.
In addition, two unique products: Smart Savings and Savings Maximizer are
special saving accounts run solely via debit cards and other remote banking
channels, offering a very competitive rate to both high and low end savers.
To open term deposit account the minimum balance requirement is one lack
rupees. Term deposit account can be opened for one month, three month, six
MCB bank is offering these services to those people who have low
income without any charges. No Zakat is deducted from their balance and there
is no profit no loss on this account.
Certified copies of
Resolution of board of directors for opening of account specifying the
person or persons authorized to operate the company account.
Memorandum and Article of Association
Certificate of incorporation
Certificate of commencement of business
Attested photo of Computerized National Identity Card of all Directors.
List of Directors in from-29 issued for the Register Joint Stock Companies.
Account Opening Form is filled and necessary documents are attached with this
Form and are sent to main Branch. After verification the main branch send mail of
verification then the new is activated.
2. Cleaning department
Clearing checks
MCB NBP
Account-holder Account-holder
Cross check NBP Bank
X Y MCB Deposited
Outward clearing
Internship Report on MCB bank Page 41
Muslim Commercial Bank Limited
Out ward clearing is that the settle of claims of our branch of MCB bank
but drawn on other branches of MCB or on other banks .These cheques are
deposited by our customer in our MCB branch and then our MCB bank branch
present it in out ward clearing.
GPO told me that there are three types of out ward clearing.
i. Normal clearing
ii. Someday clearing
iii. Intercity clearing
Before starting clearing GPO gave me the first task to record the detail of
cheques in the cheque Collection ( CC ) ledger. The detail includes pay account
number, cheque number, cheque amount, bank name of which the cheque is.
And I wrote the all amount of all cheques on Add list and add it. Two copies were
made one original and second carbon copy. I attached add list and all the bank
copy of deposit slip which were filled from customer in the CC ledger. GPO
appreciated me that your calculation is good. The same task is done either it is
Normal, Same day, or intercity clearing.
1. Serial No.
2. Account no. of the depositor
3. Depositor name
4. Drawer
5. Drawee
6. Cheque No.
7. Amount of the cheque
Normal clearing
Same day is made initial working hours and are presented on the
same day. Two stamps are stamped on frount of the cheque and one on back
of the cheque. On front side, one stamp of Same day clearing and second
stamp of clearing date on which cheque has to present. On back side,
manger stamp that payee account will be credited, and manager signature
also. Its charges are Rs.350 only charges that are deducted from the account
of holder account.
Intercity clearing
On front side one stamp of intercity clearing and other is clearing date on
which it has to present. On back side manager stamp that payee account will
be credited and manger signature also.
Inward clearing
In inward clearing other banks or other branches of MCB also settle their
account by claiming the instruments which are drawn by the other bank
customers or other branches of MCB bank. This is inward clearing other banks
sent instrument to our branch which are drawn on us.
3. Remittance Department
Beneficiary Name
Bank or Branch Name and address
Purpose of remittance
3. Online Transfer
The amount can be transfer from one account to another account either
the account is of that branch or any branch of MCB in any city.
If the amount is being transferred through cheque then online charges are
Commission Rs.125
Excise duty Rs.020
Total charges Rs.145
If the amount is being transferred through Cash then the charges are different. If
the amount is less than Rs. 25000 then
Commission Rs.150
Excise duty Rs. 024
Total Charges Rs. 174
If amount exceed from Rs.25000 then the taxes is also applied due to this total
charges also changed.
Beneficiary Details
Beneficiary Name
Bank or Branch Name and address
Purpose of remittance
Applicant Detail
Name or Title off account
Account number
CNIC or Passport No.(for Non Account Holder)
Signature of Applicant
5. Deposit Slip
There are two copies of deposit slip one is for bank use and other for
customer use. We fill deposit slip in case of cash deposit in account holder
account and when any cheques come in the branch.
This was the worked that I had learned from MCB bank limited. I have used great
effort to learn about banking sector hoped that this effort will provide me
opportunities. It is great edge for me in the job market. It gave a lot of confidence
that to deal the customers. It will create positive impact on my future.
REFFERENCES
http://www.mcb.com.pk/mcb/about_mcb.asp
http://www.mcb.com.pk/psc/accounts/basic_account.asp
http://www.mcb.com.pk/mcb/our_values.asp
http://www.mcb.com.pk/mcb/awards_accolades.asp
Annual Report 2011 of MCB bank limitd