Preface
Internship is an integral part of MBA programme. For the sake of internship the most initial thing is to have a practical experience. This effort may get a student to get a practical experience if right organization is selected. During this internship, a student comes to particle knowledge. He/she learns what he has so far studied. As an MBA student I have also done my internship in Askari Commercial Bank Limited Multan. Here I come to know a different and very interesting experience of learning and working with people. First of all I will tell you about Bank then I will tell operations of different department.
Acknowledgment
First and foremost all praise be to Almighty Allah to gave me the courage and patience to carry out this responsibility successful.
I also wish to tender grateful acknowledgments with profound respect and gratitude to respected Dr.Muhammad Zaffarullah director of Institute of management Science for affording us an excellent opportunity.
I also feel indebted to all the respected staff of Askari Bank who gave me very effective guidance to make this work successful.
Formal Definition of Bank
Bank is an institution which revives money from one party and lends to another party.
These are the following types of banks
- Commercial Bank
- Central Bank
- Exchange Bank
- Industrial Bank
- Saving Bank
Bank Origin
There
are different views about origin of the world “Bank”. According to some
people the word “Bank” is derived from the world “Bancus” which means a
“Bench”. They argue their point by this transacted their business of
money exchange on the benches. If the business of any businessman
failed, his bench was destroyed by the people. Due to this practice the
word “Bankrupt” was also used.
On the other hand some people say
that the world “Bank” is derived from German time the word “Bank” was
replaced by the word “Bank” which is called “Banco” in Italian
language.
