Part A: Internship Experience: Chapter One
Part A: Internship Experience: Chapter One
Part A: Internship Experience: Chapter One
Chapter One
Introduction Bank is a financial institution collect deposits and provide loans and among the
and dealer and debts. In financial concept means custody of money and at the same time an
institution for money transaction. Banking business some times follow the financial law and
government are the follow the British law. It is also important part of economic of the country .
In modern age there are many industries coming to local market and build up there market
share. In banking sector there are many foreign bank coming to local market and gain to market.
In Bangladesh working hard to developed banking sector .There are many private banks in
Bangladesh uttara bank is one of them.
It is a one of the oldest and largest bank in Bangladesh. In modern age in terms of
banking sector depends of clients . Uttara Bank Limited celebrated 50th anniversary of its
Banking Service in 2015. This well established and ancient bank has a rich history. With the
initiation of some renown bengali businessmen it was established to facilitate the disadvantaged
people of the then East Pakistan and started its banking operation officially on 28th January of
1965 in name of “Eastern Banking Corporation” with four branches which soon reached 60 just
before the independence. During Non-cooperation movement in 1971, this bank performed the
treasury function of East Bengal.
After independence, Eastern Banking Corporation was nationalized and renamed as “Uttara
Bank” and resumed its banking operation from 26th March 1972. Embarking on a progressive
journey, Uttara Bank continued to grow and expand in the successive years. It took the name
“Uttara Bank Ltd.” after privatization from June,1983 and became one of the largest private
sector bank of Bangladesh. In the later years, Uttara Bank became the trend setter in the banking
industry, acquiring lion's share in inward foreign remittances and a major market share in loans
to large, medium and small industries, traders and farmers. Based on the bank’s consistent strong
financial performance and its expanding presence, Uttara Bank Ltd. is currently ranked as the
most trusted bank in Bangladesh.
At present the bank has 233 branches and all are under online network. In addition, its effective
and diversified approach to seize the market opportunities is going on as continuous process to
accommodate new customers by developing and expanding rural, SME financing and offshore
banking facilities. Besides these traditional delivery points, the bank is also very active in the
alternative delivery area. It currently has the facilities of SMS Banking, Internet Banking and a
large number of ATMs of its own with ATM sharing arrangement with other partner banks.
The Bank is proud of its management team headed by Managing Director, Mr. Mohammed
Rabiul Hossain and it encourages all employees to devote a measure of their time and talent to
support distressed community by participating in CSR programs. Its main objective is to render
service to the people whether rich or poor and to contribute to the development of the nation.
https://www.uttarabank-bd.com/index.php/home/history
The objective of organization : The objective of bank for specific to position of the
customer. It is focus for good relationship with customer.