DOCSLIB.ORG

Internship Report on National Bank of Pakistan

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Internship Report on National Bank of Pakistan INTERNSHIP REPORT ON NATIONAL BANK OF PAKISTAN MBA 6th Sec-AF (Evening) 2012-2015 AKNOWLEDGEMENT Without the encouragement and help of my fellow students, I perhaps would not have been able to write what I have written, it would be virtually an unending list of persons who helped me in one way or other but then it would be great injustice on my part not to mention the names of those who provided me with the much sought of information-moral support and cooperation. People belonging to various walks of life contributed in one way or other, but teachers who heads this illustrious which in real terms provided me with foundation on which Inshallah, I will build my career much to the pride of my institution UOG and my respected teachers. I am greatly indebted to SIR ASIF RAZA and my colleague’s SIR SAJJAWAL Hussain and Farhad Hussain, who in reality provided basic guidelines for the production of such notes. DEDICATION At first dedicating this work to Almighty, ALLAH Without his mercy and sympathy I was not able to accomplish this work. I also dedicated this work to my PARENTS Because their Prays & worm Hugs made me able To achieve this success. I also want to dedicate this to my honorable, Respectable Polite & sincere. TEACHERS Because they always guide me towards right path of success. EXecutive summary Firstly, I would like to tell you that have made a inclusive study of National bank of Pakistan. November 9, 1949, the bank was built-in with Rs.5crore to provide much desirable financing to the agricultural sector, predominantly to help the badly hit jute traffic. It is a trustee of public finances and has played a unique role as a commercial bank Operating through a network of 1531 domestic and 23 overseas branches it has been at the forefront of national economic development and contribution in the development of SMEs. There are two major competitors of national bank of Pakistan are united bank limited (UBL) and Habib bank of Pakistan. The first branch was open in Chandigarh road Karachi and after, they make it the head office of the bank. In addition, The National Bank Ltd. is on stage a vital role in the national economy through mobilization of up till now untapped local assets, promote savings and providing funds for investments. Attractive rates of profit on all types of deposits, opening of Foreign Currency Accounts and handling of Foreign Exchange business such as Imports, Exports and Remittances, Financing, Trade and Industry for working capital requirements and money market operations are some facilities being provided by the Bank. This report covers the experience, which I have gained during my stay at the National Bank Ltd., MANSOUR WALI, working as an internee. TABLE OF CONTENTS SR Sr. No. TOPICS Page No. Chapter.1 Introduction 1 1.1 History of “National Bank of Pakistan” 4 1.2 BRANCH NETWORK OF NBP 17 Chapter.2 Organizational Structure 23 2.1 ORGANIZATION CHART OF NATIONAL BANK OF 23 PAKISTAN 2.2 MANAGEMENT STRUCTURE 25 2.3 DIVISIONS OF NBP 26 Chapter.3 Product Introduction 29 3.1 CASH DEPRTMENT 30 3.2 DEPOSIT DEPARTMENT 32 3.3 ADVANCES DEPARTMENT 33 3.4 CLEARANCE DEPARTMENT 35 3.5 REMITANCES DEPAPRTMENT 36 3.6 HUMAN RESOURCE DEPARTMENT 38 3.7 FOREIGN EXCHANG DEPARTMENT 40 Chapter.4.4 Personal practical work 41 4.1 Credit Department 41 4.2 Recording of daak in daak register 45 4.3 Remittance department 46 Chapter.5 SWOT Analysis 47 5.1 Strength 48 5.2 Weaknesses 49 5.3 Opportunity 50 5.4 Threats 51 Chapter.6 Financial Statement analysis 53 6.1 Financial statements 53 6.2 Vertical Analysis 57 6.3 Horizontal Analysis 60 6.4 Ratio Analysis 67 Chapter.7 Conclusion 73 Chapter.8 Suggestions & Recommendation 75 1. INTRODUCTION INTRODUCTION TO REPORT The report is all about National Bank of Pakistan, one of the leading banks of Pakistan banking industry with 1531 nationwide and almost 23 branches operating in other countries including USA, China, France, Hong Kong, Azerbaijan, Bangladesh, andHong Kong. It has maximum coverage with facilities of ATM and online banking throughout Pakistan. National Bank of Pakistan (NBP) was established under the National Bank of Pakistan Ordinance 1949. The primary objective of NBP was to purchase jute from the growers in the former East Pakistan and also to perform the commercial banking functions in the country. It is a part of State Bank of Pakistan and it is its major strength. It is providing different facilities to its customers. Inside the bank, in branch banking it has Clearing and Collection Department, Government Receipts Processing Department, Account Opening Department, Remittance Department, Customer Services Department Cash Department, Deposit Department, Advances and Credit Department. These are the most common departments exist in almost each branch. It is offering different deposit choices, advances, credits and securities etc for its customers. The Financial Analysis of the Bank through Ratio Analysis, and the trend analysis through Vertical Analysis, Horizontal Analysis and Cross sectional Analysis with different major banks of Pakistan shows that that the bank is in the growth stage of its life cycle and has a great potential for further growth and a wide room for improvement. The SWOT Analysis of the Bank shows that the bank has a number of strengths which are not only strengths but also a competitive advantage against other competing banks of the sector, its weaknesses are not a dilemma mere attention can resolve them easily, it has lot of opportunities to grow and make a remarkable and considerable place in the domestic and foreign markets, its threats are not a like ghost they effect the performance of the bank to a very little extent. Suggestions and recommendations drawn on the basis of analysis like financial analysis, Trend Analysis, and SWOT Analysis regarding its improvement can be valuable asset for the bank. Finally there are some concluding remarks about the Bank being a critical analyst both bright and dark areas have been discussed in this report. INTRODUCTION OF THE BANK National Bank of Pakistan is the largest commercial bank operating in Pakistan. Its balance sheet size surpasses that of any of the other banks functioning locally. It has redefined its role and has moved from a public sector organization into a modern commercial bank. The Bank's services are available to individuals, corporate entities and government. While it continues to act as trustee of public funds and as the agent to the State Bank of Pakistan (in places where SBP does not have a presence) it has diversified its business portfolio and is today a major lead player in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and is showing growing interest in promoting and developing the country's small and medium enterprises and at the same time fulfilling its social responsibilities, as a corporate citizen. In today's competitive business environment, NBP needed to redefine its role and shed the public sector bank image, for a modern commercial bank. It has offloaded 23.2 percent share in the stock market, and while it has not been completely privatized like the other three public sector banks, partial privatization has taken place. It is now listed on the Karachi/Islamabad/Lahore Stock Exchanges National Bank of Pakistan is today a progressive, efficient and customer focused institution. It has developed a wide range of consumer products, to enhance business and cater to the different segments of society. Some schemes have been specifically designed for the low to middle income segments of the population. These include NBP Advance Salary, NBP Saiban, NBP Kisan Dost, NBP Cash n Gold. Social Responsibility For the promotion of literature, NBP recently initiated the Annual Awards for Excellence in Literature . NBP will confer annual awards to the best books in Urdu and in all prominent regional languages published during the defined period. Patronage from NBP would help creative work in the field of literature. The Bank is also the largest sponsor of sports in Pakistan .It has provided generously to philanthropic causes whenever the need arose. Organizational Development A number of initiatives have been taken, in terms of institutional restructuring, changes in the field structure, in policies and procedures, in internal control systems with special emphasis on corporate governance, adoption of Capital Adequacy Standards under Basel II framework, in the up gradation of the IT infrastructure and developing the human resources. National Bank of Pakistan has built an extensive branch network with over 1250 branches in Pakistan and operates in major business centre abroad. The Bank has representative offices in Beijing, Tashkent, Chicago and Toronto . It has agency arrangements with more than 3000 correspondent banks worldwide. Its subsidiaries are Taurus Securities Ltd, NBP Exchange Company Ltd, NBP Capital Ltd, NBP Modaraba Management Company Ltd, and CJSC Bank, Almaty , Kazakhstan . The Bank's joint ventures are, United National Bank (UK), FirstInvestment Bank and NAFA, an Asset Management Company (a joint venture with NIB Bank & Fullerton Fund Management of Singapore). Schemes of the Bank The bank has implemented special credit schemes like small finance for agriculture, business and industries, administrator to Qarz-e-Hasna loans to students, self employment scheme for unemployed persons, public transport scheme. The Bank has expanded its range of products and services to include Shariah Compliant Islamic Banking products. HISTORY The history of National Bank of Pakistan is part of Pakistan’s struggle for economic independence. National Bank of Pakistan was established on November 9, 1949 under the National Bank of Pakistan Ordinance, 1949 in order to cope with the crisis conditions which were developed after trade deadlock with India and devaluation of Indian Rupee in 1949.
Load more

Recommended publications
  • Annual-Audited-Financial-Statements-2016.Pdf
    ANNUAL REPORT - 2016 TABLE OF CONTENTS Company Information 04 Vision 06 Mission 07 Notice Of 54th Annual General Meeting 08 Core Values and Code of Conduct 14 Board of Director's 16 Organizational Structure 24 Directors’ Report 25 Performance Review Report 33 Review Report to the Members on Statement of 34 Compliance with the Code of Corporate Governance Statement of Compliance with the 35 Code of Corporate Governance Auditors’ Report to the Members 38 Balance Sheet 40 Profit and Loss Account 41 Statement of Comprehensive Income 42 Cash Flow Statement 43 Statement of Changes In Equity 45 Notes to the Financial Statements 46 Pattern of Shareholding 85 Categories of Shareholders 86 Financial Calendar 89 Form of Proxy 91 COMPANY INFORMATION Board of Directors Arif Habib Chairman Samad A. Habib Chief Executive Abdul Qadir Director Alamgir A. Sheikh Director Hassan Ayub Adhi Director Muhammad Kashif Habib Director Muhammad Ejaz Director Mohammed Siddiq Khokhar Director Faisal Anees Bilwani Director Chief Financial Officer & Company Secretary Syed Muhammad Talha Audit Committee Abdul Qadir Chairman Muhammad Kashif Habib Member Muhammad Ejaz Member Owais Ahmed Secretary HR & Remuneration Committee Arif Habib Chairman Samad A. Habib Member Muhammad Ejaz Member 04 Annual Report 2016 Auditors Haroon Zakaria & Co. Deloitte Yousuf Adil Chartered Accountants Chartered Accountants Bankers Allied Bank Limited MCB Bank Limited Al-Baraka Pakistan Limited National Bank of Pakistan Askari Bank Limited NIB Bank Limited Bank Al-Falah Limited Sindh Bank Limited Banklslami Pakistan Limited Summit Bank Limited Faysal Bank Limited United Bank Limited Habib Bank Limited Bank of Punjab Registered Office Share Registrar Arif Habib Center, Central Depository Company of 23, M.T.Khan Road, Pakistan Limited, CDC House, 99-B, Karachi Pakistan - 74000, Block 'B' S.M.C.H.S Shahrah-e-, Faisal, Tel : 32460717-19 Karachi.
    [Show full text]
  • Sena Kalyan Bhaban Branch
    Sena Kalyan Bhaban Branch 9 Chapter 2: Banking Sector in Bangladesh 2.1 Definition of Bank: Generally speaking bank is referred to an organization that deals in money. The definition of bank can be as follows. Provided by Famous Encyclopedia: A commercial banker is a dealer in money in substitutes for money, such as check or bill of exchange. – New Encyclopedia Britannica Establishment for custody of money, which it pays out on customers order. – The New Oxford Encyclopedia Dictionary Provided by and Ordinances: Banker includes a body of person whether incorporated or not, who carry on the business of banking. – English Bills of Exchange Act - 1882 A bank is a person or corporation carrying on bonafide banking business. – English Finance Act Provided by Banking Institutes: A bank performs an essentially distributive task, service or acts as an intermediary between borrowers & lenders. In broader sense, however, a bank can be considered the heart of a complex financial structure. – American Institute of Banking Stated very simply, banks deal in money and in that connection offer certain related financial services. – Harold Wallgren for American Bankers Association The above-mentioned characteristics sketched to outline the definition of a “bank” are nowadays shared by a lot of different types of financial institution. Therefore, because banking activities now overlap many diverse businesses, we will consider a variety of modern financial institutions 10 – including commercial banks but also savings-and-loan associations, brokerage firms, and mutual funds – as “banks”. 2.2 Objectives of a Bank: The objectives of a bank can be looked at from three different perspectives of the three key parties to the banking activities: the bank owner, the Government, and the bank clients.
    [Show full text]
  • Pattern of Shareholding As at June 30, 2015 1. Incorporation Number 0001313 2. Name of the Company JAVEDAN CORPORATION LIMITED
    Pattern of Shareholding As at June 30, 2015 1. Incorporation Number 0001313 2. Name of the Company JAVEDAN CORPORATION LIMITED 3. Pattern of holding of the shares held by the shareholders as at June 30, 2015 No. of Shareholders Shareholdings'Slab Total Shares Held 1872 1 to 100 53,760 543 101 to 500 141,636 270 501 to 1000 207,774 255 1001 to 5000 657,674 50 5001 to 10000 368,219 13 10001 to 15000 175,289 12 15001 to 20000 220,500 7 20001 to 25000 167,726 9 25001 to 30000 262,500 3 30001 to 35000 104,895 3 35001 to 40000 120,000 3 40001 to 45000 127,522 6 45001 to 50000 300,000 1 50001 to 55000 52,000 1 60001 to 65000 62,528 1 75001 to 80000 76,000 1 80001 to 85000 82,500 1 95001 to 100000 100,000 1 100001 to 105000 100,500 2 145001 to 150000 298,000 1 160001 to 165000 160,500 1 195001 to 200000 200,000 3 200001 to 205000 612,583 1 215001 to 220000 217,000 1 600001 to 605000 600,117 1 775001 to 780000 776,000 1 1125001 to 1130000 1,129,500 1 1395001 to 1400000 1,400,000 1 1495001 to 1500000 1,500,000 1 2655001 to 2660000 2,658,000 1 3170001 to 3175000 3,174,000 1 3660001 to 3665000 3,661,800 1 4195001 to 4200000 4,200,000 1 5465001 to 5470000 5,466,546 1 5555001 to 5560000 5,555,953 1 8025001 to 8030000 8,026,106 1 10575001 to 10580000 10,577,566 1 14235001 to 14240000 14,239,936 1 48815001 to 48820000 48,818,026 3075 116,652,656 CATEGORIES OF SHAREHOLDERS Shareholders Category Percentage Number of Share Held Banks, development finance institutions, non- banking finance companies, insurance companies, 17,615,157 15.10 takaful, modarabas
    [Show full text]
  • Downloaded for Non-Commercial Or Learning Purposes Without Any Charge and Permission
    The copyright © of this thesis belongs to its rightful author and/or other copyright owner. Copies can be accessed and downloaded for non-commercial or learning purposes without any charge and permission. The thesis cannot be reproduced or quoted as a whole without the permission from its rightful owner. No alteration or changes in format is allowed without permission from its rightful owner. INSOLVENCY RISK DETERMINANTS AND CAPITAL REGULATION EFFECT ON CONVENTIONAL AND ISLMAIC BANKS OF PAKISTAN SHAHZAD AKHTAR DOCTOR OF PHILOSOPHY UNIVERSITI UTARA MALAYSIA MAY 2017 INSOLVENCY RISK DETERMINANTS AND CAPITAL REGULATION EFFECT ON CONVENTIONAL AND ISLAMIC BANKS OF PAKISTAN BY SHAHZAD AKHTAR A Thesis Submitted to Othman Yeop Abdullah, Graduate School Business, Universiti Utara Malaysia In Fulfillment of the Requirement for the Degree of Doctor of Philosophy i PERMISSION TO USE In presenting this thesis in fulfillment of the requirements for a post degree from Universiti Utara Malaysia, I agree that the Sultanah Bahiyah Library, UUM may make it freely available for inspection. I further agree that permission for copying of this thesis in any manner, in whole or in part, for scholarly purposes may be granted by my supervisors on, in their absence, by the Dean of the Othman Yeop Abdullah Graduate School of Business. It is understood that any copying or publication or use of this thesis or parts thereof for financial gain shall not be allowed without my written permission. It is also understood that due recognition shall be given to me and to Universiti Utara Malaysia for any scholarly use which be made of any material from my thesis.
    [Show full text]
  • An Appraisement of the Customers' Satisfaction of Sonali Bank Limited: Dhaka University Branch
    An Appraisement of the Customers’ Satisfaction of Sonali Bank Limited: Dhaka University branch “©Daffodil International University” i An Appraisement of the Customers’ Satisfaction of Sonali Bank Limited: Dhaka University Branch Prepared for; Nujhat Anjum Ani Senior Lecturer Department of Business Administration Faculty of Business & Entrepreneurship Daffodil International University Prepared by; Utsha Paul Id: 152-11-4718 Major in Marketing Department of Business Administration Faculty of Business & Entrepreneurship Daffodil International University Date of Submission: “©Daffodil International University” ii Letter of Transmittal Date Nujhat Anjum Ani Senior Lecturer Department of Business Administration Faculty of Business & Entrepreneurship Daffodil International University Subject: Submission of Internship Report Titled “An Appraisement of the Customers’ Satisfaction of Sonali Bank Limited: Dhaka University Branch”. Dear Sir, This is my gladness that I have been completed my internship report and hereby ready to submit my report on “An Appraisement of the Customers’ satisfaction of Sonali Bank Limited: Branch of Dhaka University”. Acquiesce to the instruction I have worked on the conventional banking operations of SBL. I have authentically flip over the working environment of the Sonali Bank Limited, Native Branch of Dhaka University, Dhaka. I have exceptionally enjoyed the overall work during my internship interval which is carrying astronomical description of applied knowledge. This report along with all kinds of elementary information
    [Show full text]
  • INTERNSHIP on WORKING AS an IT EXECUTIVE at SONALI BANK LIMITED by Ahmed Al Marouf Shah Md. Tanvir Siddiquee DAFFODIL INTERNATIO
    INTERNSHIP ON WORKING AS AN IT EXECUTIVE AT SONALI BANK LIMITED By Md. Arifur Rahman ID: 163-15-8267 This Report Presented in Partial Fulfillment of the Requirements for the Degree of Bachelor of Science in Computer Science and Engineering Supervised By Ahmed Al Marouf Lecturer Department of Computer Science and Engineering Daffodil International University Co-supervised By Shah Md. Tanvir Siddiquee Senior Lecturer Department of Computer Science and Engineering Daffodil International University DAFFODIL INTERNATIONAL UNIVERSITY DHAKA, BANGLADESH DECEMBER-2019 ©Daffodil International University i ©Daffodil International University ii ACKNOWLEDGMENT Firstly, we can’t show enough gratitude to the Almighty for showering His blessings and bestow us with a lot a patience and knowledge to make the Final year project happen successfully. If we can call the paper as a successful one, it was all possible by the generosity of peers who lead us in the right direction. We would like to show our deep and sincere gratitude to the individuals who carried out tremendous support and expertise in our work. I really grateful and wish my profound indebtedness to Supervisor Ahmed Al Marouf Lecturer, Department of CSE Daffodil International University, Dhaka. Deep Knowledge & passionate interest of my supervisor in the field of System Support Engineer to carry out this internship. His endless patience, scholarly guidance, continual encouragement, constant and energetic supervision, constructive criticism, valuable advice, reading many inferior drafts and correcting them at all stage have made it possible to complete this internship. I would like to express my heartiest gratitude to Dr. Syed Akhter Hossain professor and Head, Department of CSE, for his kind help to finish my internship and also to other faculty member and the staff of CSE department Of Daffodil International University.
    [Show full text]
  • Saif Group Th 54
    Saif Group th 54 Credit Rating Certified REVIEW REPORT BY THE CHAIRMAN It gives me pleasure to present my review of the overall performance of the Board of Kohat Textile Mills Ltd. (the Company) and its effectiveness in achieving the Company’s objectives. For the financial year ended June 30, 2020, an annual evaluation of the Board was carried out as per the directives of the Listed Companies (Code of Corporate Governance) Regulations, 2019 and I am pleased to report that the overall performance of the Board was found satisfactory. That said, there is always room for further improvement. The overall assessment is based on evaluation of integral components, including vision, mission, and values; engagement level in strategic planning; formulation of policies; monitoring the organization’s business activities; monitoring financial resource management; effective fiscal oversight and fair treatment of all employees. In February 2020, on the completion of the term of the Board of Directors, election of Directors was convened and in compliance to the requirement of Code of Corporate Governance 2019, Mr. Sardar Aminullah Khan was appointed as the second independent director. The Board members have the appropriate range of skills, knowledge and experience, as well as the degree of diversity, necessary to enable it to provide effective oversight to the business. The Board committees remained active and provided necessary support in decision making. Individual Board members appear to be hard-working and demonstrate a strong commitment towards overall performance of the company. Deliberations during Board meetings were professional and constructive. Time was suitably apportioned to both strategic and operational level discussions and suggesting appropriate resolutions.
    [Show full text]
  • Commercial Banks
    Bank A bank is a company which deals in money for the purpose of earning profit. It collects money from those who have it spare and lend to those who need it. The bank pays interest on deposits and receives interest on loans and advances. Definitions: Crowther says: “A bank is a firm which collects money from those who have it spare. It lends money to those who require it.” Prof. Kent says: “An organization whose principle operations are concerned with the accumulation of the temporarily idle money of the general public for the purpose of advancing to others for the expenditures.” J.M. Gilbert says: “A banker is a dealer in capital of more properly a dealer in money. He is an intermediate party between the borrower and the lender. He borrows from one party and lends to another.” Banking Companies Ordinance 1962 states: “Banking means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft and order to otherwise” and “Banking Company means any company which transacts the business of banking in Pakistan.” 1 Commercial banks Commercial banks are those which are engaged in performing the routine duties of banking business. Commercial banks may be defined as "moneyed" corporations, authorized by law to receive deposits and pay such funds to others on order discount and negotiate promissory notes, drafts, bills of exchange, and other evidences of debt; to lend money on real or personal security; to make collectives; and conduct such other moneyed transactions as are not inconsistent with its charter or the law under which it operates.
    [Show full text]
  • Internship Report on General Banking Performance of Sonali Bank Limited-A Case Study on Mohammadpur Krishi Market Branch Submitt
    Internship Report On General Banking Performance of Sonali Bank Limited-A Case Study on Mohammadpur Krishi Market Branch An Internship Report Submitted to the School of Business and Economics in Partial Fulfillment of the Requirements for the Degree of Bachelor of Business Administration. Submitted to Md. Kaium Hossain Assistant Professor- Marketing School of Business and Economics United International University Submitted by Md. Rasel Patoary ID-111132056 Major in Marketing School of Business and Economics Date of Submission: 9th April 2019 General Banking Performance of Sonali Bank Limited-A Case Study on Mohammadpur Krishi Market Branch II Letter of Transmittal 9th April, 2019 Md. Kaium Hossain Assistant Professor School of Business & Economics United International University, Dhaka, Bangladesh. Subject: Internship report on “General banking Performance of Sonali Bank Limited- A Case Study on Mohammadpur Krishi Market Branch”. Dear Sir, With due respect, I am Rasel Patoary (111132056) and my internship is on “General Banking Performance of Sonali Bank Limited-A Case Study on Mohammadpur Krishi Market Branch”. It is a prerequisite for me to be a graduate. Though my internship period, I have tried my level best to gather knowledge and to understand General Banking Performance of Sonali Bank Limited of Mohammadpur Krishi Market Branch. I, therefore look forward to you for the approval of my project work. Thank You. Yours truly Rasel Patoary III Declaration I, am Md. Rasel Patoary, Student of Bachelor of Business Administration (BBA) program major in marketing and minor in Human Resource Management of United International University, do hereby declare that the internship report on " General Banking Performance of Sonali Bank Limited-A Case Study on Mohammadpur Krishi Market Branch " has not been submitted by me before, for any degree, diploma, title or recognition.
    [Show full text]
  • Operating As an Open-End Equity Fund Since 1962, NI(U)T Is the Flagship Carrier of a Diversified Portfolio of Collective Investment
    Operating as an Open-end Equity Fund Since 1962, NI(U)T is the flagship carrier of a diversified portfolio of Collective Investment Schemes managed by NITL with net assets of PKR 66.83 billion and 48,170 unit holders. TRUSTEE REPORT TRUSTEE REPORT TO THE UNIT HOLDERS Report of the Trustee pursuant to Regulation 41(h) and Clause 9 of Schedule V of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 We, Central Depository Company of Pakistan Limited, being the Trustee of National Investment (Unit) Trust (the Fund) CORPORATE INFORMATION are of the opinion that National Investment Trust Limited being the Management Company of the Fund has in all material respects managed the Fund during the year ended June 30, 2016 in accordance with the provisions of the following: (i) Limitations imposed on the investment powers of the Management Company under the constitutive documents of the Fund; FUND NAME National Investment (Unit) Trust (ii) The pricing, issuance and redemption of units are carried out in accordance with the requirements of the constitutive NAME OF AUDITORS documents of the Fund; and KPMG Taseer Hadi & Co. Chartered Accountants (iii) The Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003, the Non-Banking Finance LIST OF BANKERS Allied Bank Limited Companies and Notified Entities Regulations, 2008 and the constitutive documents of the Fund. Bank Al Falah Limited Bank Al Habib Limited Habib Bank Limited National Bank of Pakistan Sd/- NIB Bank Limited Summit Bank Limited Muhammad Hanif Jakhura
    [Show full text]
  • The Banking Sector of Pakistan: the Case of Its Growth and Impact on Revenue Generation 2007 to 2012
    IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925. Volume 1, Issue 5 (Sep. – Oct. 2013), PP 46-50 www.iosrjournals.org The Banking Sector of Pakistan: The Case of Its Growth and Impact on Revenue Generation 2007 to 2012 Sana Zafar, Dr. Farooq Aziz Research Scholar of Department of Education and Social Sciences, Hamdard University, Pakistan Faculty of Department of Education and Social Science, Hamdard University, Pakistan Abstract:The banking sector of Pakistan played an important role in the growth and development of the economy of Pakistan. This study aims to find the reasons behind the growth of the banking sector and how it can influence the revenue generation of the sector. The reasons are investigated and the current state of the banking sector is also reviewed to study the growth patterns. The historical evidence is first collected and then analyzed, so the current survival of the sector could be studied even after the Global Financial Crisis. Financial Soundness Indicators provide further indept analyses of the factors which contributed towards the growth of the banking sector of Pakistan. The reforms in the banking sector which are the real reasons for the growth in the banking sector are summarized under the rationale behind growth in the banking sector of Pakistan. The banking sector of Pakistan is the only sector of the economy which survived the Global Financial Crisis. So, this study provides evidence that Pakistan’s banking sector is still resilient and is profitable which suggests that it’s still a healthy sector for the investors to make safe investments with reliable and consistent returns.
    [Show full text]
  • The International Journal of Business & Management
    The International Journal Of Business & Management (ISSN 2321–8916) www.theijbm.com THE INTERNATIONAL JOURNAL OF BUSINESS & MANAGEMENT Does Deviation from Prudential Regulation Leads to Non-Performing Loans? Evidence from Habib Bank and National Bank of Pakistan Awais Farooq Regional Coordinator, WMCS, Meezan Bank Ltd., Bahawalpur, Pakistan Researcher, Islamia University, Bahawalpur, Pakistan Aziza Naz Researcher, Islamia University, Bahawalpur, Pakistan Basit Zaheer Researcher, Islamia University, Bahawalpur, Pakistan Abstract: This study focuses on the deviation from prudential regulation leading to the non-performing loans and to show how these values have been avoided, especially in the Pakistani Banking Industry. This research is descriptive in nature, population incudes HBL and NBP branches of Bahawalpur region. In order to find out the objectives of this study, 30 unstructured Interviews with Credit in- charges, Credit Officers, Loan Officers, and Loan Recovery Officers of National Bank of Pakistan and Habib Bank Ltd. of Bahawalpur region were conducted. 23 Respondents were positively replied while 7 were negatively replied. Some special loan cases from banks file were also added. Research concluded that banks personnel’s sometimes deviate from Prudential Regulations at the time of loan issuing, which leads to non-performing loans. Banks need more effective regulations and policies which can secure the bank’s profitability. Keywords: Financial Institutions, Prudential Regulations, Profitability, Non-Performing Loans (NPLs) 1. Introduction Banks providing its services to customers from many years. Banks primary purpose is lending and borrowing. Now banks are also providing wide variety of products and services to its customers due to some factors like ongoing modernization, tough completion among banks, and new market entrants.
    [Show full text]