Premium Essay

Bangladesh Bank

In: Business and Management

Submitted By Opel
Words 1019
Pages 5
Executive Summary
This research report is a partial requirement of the internship phase of MBA program, department of HRM, Eastern UniversityBangladesh. The topic of the report is “Human Resource Management Practices in Pubali bank Ltd”. Human resources management is very much important for every business organization. Human Resources may be the most misunderstood of all corporate departments, but it’s also the most necessary. Those who work in Human Resources are not only responsible for hiring and firing; they also handle contacting job references and administering employee benefits.
Human resource management is the process of acquiring, training, appraising, and compensating employees, and attending to their labor relations, health and safety, and fairness concerns. It’s true that any individual who works in Human Resources must be a “people person.” Since anyone in this department deals with a number of employees, as well as outside individuals, on any given day, a pleasant demeanor is a must.
Human Resources may have gotten a bum rap, but it’s clearly among the most important departments in any corporation. The next time you have to meet with someone from Human Resources, remember that without her/him, your company might not be running so efficiently. The benefits of globalization have been very unevenly distributed both between and within nations. At the same time a host of social problems have emerged or intensified, creating increased hardship, insecurity, and anxiety for many across the world, fuelling a strong backlash. As a result, the present form of globalization is facing a crisis of legitimacy resulting from the erosion of popular support.
The concept encompasses investment in the skills of the labor force, including education and vocational training to develop specific skills. Human capital is one component of a country’s overall competitiveness.…...

Similar Documents

Premium Essay

Bangladesh Bank

...Bangladesh Bank Bangladesh Bank, the central bank of the country, was established as a body corporate vide the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) with effect from 16th December, 1971. The powers and functions of Bangladesh Bank are governed by various laws and acts including the Banker's Books Evidence Act 1891, Insolvency Act 1920, Banking Companies Ordinance 1962, Foreign Exchange (Regulation) Act 1986, Money Loan Court Act 1990, Banking Companies Act 1991, Financial Institutions Act 1993 and Rules 1994, Companies Act 1994 and Bankruptcy Act 1997. Bangladesh Bank performed all the traditional central banking functions including the sole responsibilities of issuing currency, keeping the reserves, formulating and managing the monetary policy and regulating the credit system of Bangladesh and maintaining a high level of production, employment and real income in the country and managing the country’s foreign exchange and the gold reserve. The bank acts as the banker to the government and accepts government deposits, cheques and drafts, and undertakes collection of cheques and drafts drawn on other banks. It acts as the public debt manager and runs a public debt office (PDO) within itself. The bank also sells government treasury bills (T-Bill) on tender, prize bonds and different types of saving certificates. The bank acts as the clearing house of the scheduled banks. In addition to bank rate and open market operations, it uses a number of other......

Words: 673 - Pages: 3

Premium Essay

Perfomance Analysis of Mercantile Bank, Bangladesh

...Introduction In order to know about a financial organization like a bank, a person should know all section of the financial organization in times. We intend to provide minimum background and procedural guidelines to examiners responsible for evaluating a bank’s activities. Definition of the Bank Bank is defined as a financial institution that collects deposits from various individual and organizations and provides loans to those who need it. But modern banks do not mean only the means of collecting and disbursing money to various entities. Rather it provides various services to various entities which facilitate their business operations. The functional definition of bank is that “it is a financial institution, which accepts money from its customers as deposit and gives money as loan to the borrowers.” According to a prominent economist R.S. Sayers, “A Bank is an institution whose debts are widely accepted in settlement of other peoples’ debts to each other. Another economist C. Cross defined, “A Bank is financial intermediary-a dealer in loans and debts.” Overview of Mercantile Bank Limited MBL in Bangladesh Banking system occupies an important place in a nation’s economy. Banking institution is indispensable in a modern society and it plays a vital role in the economic development of a country. Against the background of liberalization of economic policies in Bangladesh, Mercantile bank Limited emerged as a new commercial bank to provide efficient banking services with......

Words: 4616 - Pages: 19

Premium Essay

Bangladesh Bank

...HUMAN RESOURCE MANAGEMENT AND EMPLOYEE PERFORMANCE: A CASE STUDY ON BANGLADESH BANK PRESENTED BY: MD. RAYHANUL ISLAM EXAMINATION COMMITTEE: Dr. SUNUNTA SIENGTHAI (CHAIRPERSON) Dr. SUNDAR VENKATESH Dr. YUOSRE BADIR Agenda: Introduction of the study Snapshot of BB and its current situation on human resource management. Findings and discussion. Conclusion of the study and recommendations. Introduction Bangladesh Bank (BB), the central bank of Bangladesh, is the key player for the financial sector of Bangladesh as well as for the economy. An urgent need for supply of adequate professional manpower to cope with the emerging challenges. Objectives of the study: 1. To describe the existing HRM of BB. 2. To assess the strengths and weaknesses of the current BB’s HRM. 3. To examine the relationship between BB’s HRM practices and HR Department’s employees performance. Research methodology ◦ ◦ ◦ ◦ ◦ Sampling Method Primary Data Secondary Data Data Gathering Instrument Data Analysis Flow chart of the research framework Bangladesh Bank and its situation on Human Resource Management • The • • establishment of BB Functions of BB Human Resources Department (HRD) of BB: HR Dept. has 3 division & each division has 2 wings. These arePlanning and Resourcing Division -Planning, Promotion & Transfer wing -Recruitment & Outsourcing wing Development and Benefit Division -Benefits & Administration wing -Training & Development wing Performance and Reward......

Words: 950 - Pages: 4

Free Essay

Marcantile Bank Ltd, Bangladesh

...biggest conglomerates in Bangladesh. It consists of 14 big companies with diverse activities and different products, and launched its venture as a small jute trader more than 50 years ago. Since then it has been progressing with tremendous pace in the industrial arena of Bangladesh. From its humble beginning, it has been developed into a huge corporation of infallible quality and excellent service. It highly values its consumers as unique individuals and always ensures quality merchandise to suit the needs of each distinct consumer group. It works hard to preserve the environment and culture of Bangladesh, side by side, plays an outstanding role to develop the country economically advanced. The industrial wastage means little to them because their factories have been built up with recycling and the environment concept. A large number of people are employed by the group and cared for as members of the Akij family. The non-profit concerns are also involved in sustaining development of the country. Flexibility is the niche of the group to cope with the current versatile market. We went to the headquarters of the Akij Group to take an interview of Sheikh Akij Uddin, chairman & managing director of the group and Sheikh Jamil Uddin, director (textile). All the corporate offices of the Group are housed in the Akij Chamber, an 11-storied building, located at Dilkusha commercial area, one of the busiest business hubs of the Dhaka City, the capital of Bangladesh. When we reached there,......

Words: 2744 - Pages: 11

Premium Essay

Lending Policy of Bangladesh Bank and Its Implementation

...Central bank releases first SME credit policy Disbursement target set at Tk 240b this year FE Report The central bank released, for the first time, a small and medium enterprise (SME) credit policy and programmes Thursday with a disbursement target of around Tk 240 billion for the ongoing calendar year. Bangladesh Bank (BB) Governor Atiur Rahman announced the policy at a discussion with chief executive officers and managing directors of the commercial banks held at Seagul Hotel in Cox’s Bazar Thursday night with BB Deputy Governor Murshid Kuli Khan in the chair. The new policy has focused on encouraging more women entrepreneurs in business and investment across the country. The central bank announced to set up a three-tier monitoring system to ensure growth of the SME sector in the country. Under the monitoring system, the central bank headquarters, its nine branch offices across the country and head offices of all commercial banks will review the implementation of SME credit programmes regularly. Of the total target, the state-owned commercial banks and financial institutions, according to the central bank statistics, will disburse Tk 44.97 billion in 2010. Twenty-nine private commercial banks will distribute Tk 174.78 billion while nine foreign commercial banks will disburse Tk 7.07 billion to the entrepreneurs. Besides, the country’s non-banking financial institutions have made commitment to disburse Tk 13.13 billion as SME loans during the current calendar......

Words: 915 - Pages: 4

Premium Essay

July Dec..Bangladesh Bank

...July-December 2011 Monetary Policy Statement July 27, 2011 Monetary Policy Department Bangladesh Bank 1 Monetary Policy Statement H1 FY12 (July December 2011) Executive Summary Introduction: This (twelfth) issue of Bangladesh Bank’s (BBs) half yearly Monetary Policy Statement (MPS) outlines the monetary policy stance that BB will pursue in H1 FY12 in the context of unfolding near term developments in the domestic and global scenes. The ex ante announcements of monetary policy stance are intended to anchor inflation expectations of economic agents and the general public. As with the previous recent issues of MPS, drafting of this issue was preceded by rounds of consultations with stakeholders including trade body representatives, senior professionals and academics, past finance ministers/finance advisers/BB Governors; to glean their perceptions about policy outcomes in the preceding period, as also about the challenges and priorities for the way forward. For the first time, suggestions on monetary policy were also invited and received on BB website. FY11 growth outcome, outlook for FY12: Output and investment activities in the economy paced up substantially in FY11 after a couple of years in post global crisis relative slowdown. The Bangladesh Bureau of Statistics (BBS) estimates real GDP growth for FY11 at 6.66 percent (very close to initial projection of 6.70 percent), following 6.07 percent growth in FY10. Industry sector had the strongest growth gain......

Words: 6477 - Pages: 26

Free Essay

Islamic Banks in Bangladesh

...Term Paper on What is investment and debt/trade financing modes followed by Islamic Banks in Bangladesh. Do they conform to shariah rules. If so, how and if not, why not. Give your own conclusion/concluding remarks / recommendation. Course code: Fin-5502 Subject: Submission of Term Paper Dear Sir, I am very much delighted that I am submitting herewith my term paper titled “what is investment and debt/trade financing modes followed by Islamic Banks in Bangladesh. Do they conform to shariah rules. If so, how and if not, why not ” under the reference of my term paper for partial fulfillment of MBA Program on the Comparative Banking. As of the requirement, I have closely studied the topic and tried my best to make this paper meaningful. I believe and hope that you will find this report informative and insightful. Your valued assessment of my assignment would help me in the enhancement of my skill, knowledge and efficiency. Any further clarification, if needed, regarding the paper will be instantly responded. Regards. ___________________ Saima Sultana Acknowledgement In preparing this report, I am beholden to the most venerable teacher Mr.x, Faculty, Department of Business Administration, IIUC for his guidance and supervision for furnishing this term paper. I am very much pleased on him for his continuous encourage to undertake the term paper, to collect, analyze data and finally editing, presentation of...

Words: 8670 - Pages: 35

Premium Essay

Marcantile Bank Ltd, Bangladesh

...MERCANTILE BANK LTD Snapshot of MERCANTILE BANK LTD (MERBNK) OPEN$406.00 | | PREVIOUS CLOSE$405.00 | DAY HIGH$407.75 | | DAY LOW$403.00 | 52 WEEK HIGH02/7/10 - $490.98 | | 52 WEEK LOW09/3/09 - $222.95 | MARKET CAP-- | | AVERAGE VOLUME 10 D394.8K | EPS TTM-- | | SHARES OUTSTANDING0.0 | MERBNK Does Not Pay Dividends | | P/E TTM-- | K = Thousands  M = Millions  B = Billions | MERBNK:BD Historical Stock Quote MERBNK:BD Advanced Stock Chart MERBNK Details Mercantile Bank Limited provides various commercial banking services in Bangladesh. The company provides a range of services, including accepting deposits, making loans, discounting bills, and conducting money transfer and foreign exchange transactions, as well as performing other related services, such as safe keeping, collections, issuing guarantees, acceptances, and letters of credit. Its deposit products include double benefit deposit, family maintenance deposit, monthly savings, quarterly benefit deposit, special savings, advance benefit deposit, and pension and family support schemes. The company also offers consumers credit, doctor’s credit, car loan, and rural development schemes, as well as provides lease financing, personal loans, and small loans. In addition, it offers online services; and debit and credit card facilities. As of December 31, 2008, the company operated 42 branches and 3 small and medium enterprise service centers in Bangladesh. Mercantile Bank Limited was founded in 1999......

Words: 697 - Pages: 3

Premium Essay

Private Commercial Bank in Bangladesh

...have also been plagued by identical loan default problems. The persistent default problems, the rapid increase in the level of outstanding loans, inefficient management, corruption among the bank officials and employees and the deterioration of customer services in the NCBs led the GOB to allow operations of private commercial banks in 1983. There has been mushroom growth of PCBs in Bangladesh during 1990s and there are now 30 PCBs, some of which are owned by the loan defaulters of the IDFIs and NCBs. The PCBs provide, apart from deposit taking activities and short term loans to borrowers. They also provide long term industrial loans to the borrowers but their long term lending activities are in no way as large as those of the NCBs. Regardless of their ownership in private hands and operational independence, PCBs suffer from a number of problems including high loan default which contributed to their failure to meet capital adequacy requirements. The amount of PCBs bad loan was Taka 41.47 billion in September 2003, and six PCBs have written off 90% of the total bad loans accrued until that time. It was reported that Pubali Bank written off Taka 1.63 billion , Uttara Bank Taka 3.24 billon, AB Bank Taka 1.32 billion, City Bank Taka 2.03 billion, Islami Bank Taka 1.35 billion and IFIC Bank Taka 2.98 billion. The PCBs are also plagued by insider lending. The directors of the PCBs not only obtain loans for their own enterprises but also get loans for their friends at low......

Words: 360 - Pages: 2

Premium Essay

Mps by Bangladesh Bank 2015

...Chief Economist Analysts and Contributors: Md. Akhtaruzzaman, PhD, Economic Advisor Begum Sultana Razia, GM, Chief Economist’s Unit (CEU) Md. Abdur Rouf, GM, Monetary Policy Department (MPD) Md. Ezazul Islam, PhD, DGM, CEU Md. Abdul Kayum, DGM, MPD Forecasting and Support Team: Dr. Sayera Younus, DGM, MPD Mahmud Salahuddin Naser, DGM, CEU Muhammad Amir Hossain, PhD, DGM, SD Md. Habibour Rahman, JD, CEU Md. Abdul Karim, JD, MPD Md. Omor Faruq, JD, MPD Syeda Ishrat Jahan, JD, CEU Khan Md. Saidjada, JD, CEU Rubana Hassan, JD, MPD Bushra Khanam Luna, DD, CEU Md. Ahsan Ullah, DD, MPD Coverist: Tariq Aziz, AD, DCP Monetary Policy Statement January-June 2016 Monetary Policy Department and Chief Economist’s Unit Bangladesh Bank www.bb.org.bd Table of Contents Highlights ................................................................................................ 1 Core Objectives ...................................................................................... 3 Global Developments ........................................................................... 3 Economic Growth .................................................................................. 4 Inflation .................................................................................................... 4 Money Supply ........................................................................................ 5 Policy Interest Rate......

Words: 4638 - Pages: 19

Premium Essay

Contribution of Banks on Sme Sector in Bangladesh

...Report On Contribution of Banks on SME Sector in Bangladesh 1 LETTER OF TRANSMITTAL 2 ACKNOWLEDGEMENT 3 Table of contents No: Page: Chapter One Introduction 1.1 Introduction 1 1.2 Background of the study 2 1.3 Problem statement 3 1.4 Objectives of the study 3 1.5 Scope of the study 4 Chapter Two Methodology 2.1 Data requirement 5 2.2 Study area 6 2.3 Sample size selection 6 2.4 Questionnaire development 7 2.5 Literature review 8 2.6 Small enterprise 10 2.7 Medium enterprise 10 2.8 SME financing by Banks in Bangladesh 11 Chapter Three Results 3.1 Contribution of SMEs in the economy 13 3.2 Current status of SME financing by Bangladesh Bank 14 4 3.3 Loan documents needed for SME financing by banks 14 3.4 About the sample banks 15 3.5 Portfolio size of different banks in SME sector 17 3.6 Target given by Bangladesh Bank 19 3.7 Survey analysis 24 3.8 Findings 27 Chapter Four 29 Limitation Chapter Five 30 Conclusions and recommendation Appended Parts Data collection instruments Details of entrepreneurs Bibliography List of Tables 3.1 Portfolio size of Different Banks in SME sector 17 3.2 Distribution of entrepreneurs whether or not they take bank loan 24 to operate their SME business. 3.3 Distribution of......

Words: 10459 - Pages: 42

Free Essay

Case Analysis Grammen Bank Bangladesh

...Grameen Bank, Bangladesh Need/Objective: To empower the poor there is a need for fair access to finance. Since conventional banking makes lending decisions based on a borrower's existing assets (collateral), those who have nothing get nothing. 50 percent of the population of Bangladesh lives on less than USD 1 per day. If they needed money, they traditionally had to turn to local money lenders who charged extremely high interest rates and frequently entrapped the borrowers in a spiral of debt. Broadly the objectives of Grameen Bank are as follows. * To promote financial independence among the poor by extending banking facilities to poor men and women * Eliminate the exploitation of the poor by money lenders * Create opportunities for self-employment for the vast multitude of unemployed people in rural Bangladesh * Bring the disadvantaged, mostly the women from the poorest households, within the fold of an organizational format which they can understand and manage by themselves * Impart Financial Literacy among rural poor * Reverse the age-old vicious circle of ‘low income-low saving-low investment’ into virtuous circle of ‘low income-injection of credit-investment-more income -more savings-more investment-more income’ Social business solution: In 1976, Prof. Yunus lent USD 27 to 42 people - focusing on the poorest of the poor. This led to the innovation of micro finance and the foundation of the Grameen Bank in 1983. This Bank lent money without......

Words: 2362 - Pages: 10

Premium Essay

Intership Paper on Prime Bank Bangladesh

... | |» 1.03. Methodology | | |» 1.04. Scope of the Report | | |» 1.05. Limitations of the Study | | |∆∆Chapter- 2 (Prime Bank at a Glance) | | |» 2.01. Background | | |» 2.02. Objective of the bank | | |» 2.03. Corporate information | | |» 2.04. Departments of Prime Bank | | |» 2.05. Branch Network | | |» 2.06. Organ gram of PBL | | |» 2.07. Products and Services ...

Words: 22086 - Pages: 89

Premium Essay

Trust Bank Bangladesh Limited

...and lenders are better off than they would have been without financial institutions and market intermediaries. Thus, these financial institutions, such as banks, have a positive role in financing and investment which is a multidimensional process involving the complexity of many interrelated and interdependent factors of diversified nature. It is difficult to assess the contribution of each factor independently. The key to successful banking lays in the ability of balance many activities simultaneously. The bank must maintain a healthy growth rate, while at the same time it must take action to minimize the risks it faces. The bank must also maintain enough cash on hand to meet obligations. All of these are related to sound performance of a bank. Evaluating Bank Performance, examines the basic risk and return features of commercial banks. The financial performance evaluation demonstrates the strengths and weaknesses of bank performance over time. The Trust Bank Ltd. has a responsibility to ensure efficient and effective banking operation in a sound manner. The study will look at the amount of liquidity that TBL has available to meet any reasonable demands that might have to meet, how it manages general banking, Credit department and Foreign exchange Operation, what is the position in terms of profitability and how the bank manages its capital so that it has sufficient funds to remain solvent. 1.2 Origin of the report: Now a day, education is not just limited to books......

Words: 4013 - Pages: 17

Premium Essay

Corporate Governance of Commercial Banks in Bangladesh

...Corporate Governance of Commercial Banks in Bangladesh Introduction: The need for corporate governance arises from the potential conflicts of interest among stakeholders in the corporate structure. These conflicts of interest often arise from two main reasons. First, different stakeholders have different goals and preferences. Second, the stakeholders have imperfect information as to each others actions, knowledge, and preferences. Corporate governance (CG) is an important effort to ensure accountability and responsibility and is a set of principles, which should be incorporated into every part of the organization. Though it is viewed as a recent issue, there is, in fact, nothing new about the concept. Because it has been in existence as long as the corporation itself-as long as there has been large – scale trade, reflecting the need for responsibility in the handling money and the conduct of commercial activities. Numerous works, studies, and researches have been conducted to enact principles, codes, and guidelines for ensuring good corporate governance systems and culture within the organizations. Sir Adrian Cadbury in 'Global Corporate Governance Forum’ defined corporate governance as: "Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the......

Words: 1728 - Pages: 7