Faysal Bank Limited

G.T. Road, Mian Channu.

PRESENTED TO:

The Chairman Department of Commerce, Bahauddin Zakariya University, Multan.

PRESENTED BY:

Faiqa Afzal M.Com. (Finance) Session 2009-2010 Roll No.805

Bahauddin Zakariya University, Multan.

Dedicated To
My Parents Who are the source of permanent rejoice and comfort for me and due to their prayers I am successful in life

ACKNOWLEDGEMENT
Allah, the gracious, who helped me in most crucial time as well and enable to me to complete this report in the shortest time. Though I was alone but the kind supervision of my favorite teachers like Majid Nawaz, Mian Muhammad Aslam, Tariq Mehmood and Shahid Siddique Sahib never let me alone in different situations. I am also thankful to all the people of this organization who helped me in compilation of my report. Without their humble help, it was not possible. At last, I also pay thanks to the following persons who have provided me every kind of data that I needed. Muhammad Ashraf Nadeem Branch Manager Faysal Bank Limited, G.T.Road, Mian Channu. Safdar Bashir OG-I (Operation Manager) Faysal Bank Limited, G.T.Road, Mian Channu. Muhammad Zeeshan OG-III (Relationship Manager) Faysal Bank Limited, G.T.Road, Mian Channu I myself have written this report and it has not ever received any previous credit at this institution or any other one.

FAIQA AFZAL

M.COM. (Finance)

EXECUTIVE SUMMARY
Banking sector owes a pivotal importance in the economy of any country through its vibrant functions. This is the basic motivator that stressed me to join any bank for internship training. Moreover, the experience and practices learned during this tenure also prove very helpful and facilitating in the forthcoming professional life. This report is the result of my two months internship with Faysal Bank Limited, G.T. Road, Mian Channu. Faysal Bank Limited posses an excellent and historical importance being the most senior and leading member in the banking sector of Pakistan, it has always provided great deal of help in terms of funds and services to Pakistan at all ages of its life. I had with the strong belief that this report will guide and facilitate the readers to understand the functioning of banking system and more importantly have good knowledge about Faysal Bank Limited. I have made utmost effort to elaborate this report with the material read, listened and observed. Yet I feel that this period was not long enough to learn and understand the complex and widespread functioning of banking sector. With the passage of time, the activities of the commercial banks have greatly increased. The commercial banks are now multi-service organizations and play a very important role in the financial markets and economic development of the country. A bank is financial institution which deals with money and credit. It accepts deposits from individuals, firms and companies at a lower rate of Interest and gives at higher rate of interest to those who need them. The difference between the terms at which its borrowers and those at which it lends forms the source of its profit. A bank, thus, is a profit earning institute. For proper functioning of branches and the overall bank has been divided its operations in different departments. These departments handle different jobs and it is easy to control the situation. The general division in a branch is as follows: 1) 2) 3) 4) 5) 6) Cash Department Deposit Department Clearing Department Advances and credit department Remittance department Foreign exchange department

7) EFU saving + education plan

Being a student of M.Com. (Finance), I have paid more emphasis on the analysis of financial statements of the bank to show the performances and positions in terms of money, other assets and liabilities. I am really very thankful to Mr. Muhammad Ashraf Nadeem (Manager) and the entire staff members of the aforesaid branch for their friendly and cooperative behavior during my internship.

FAIQA AFZAL M.COM. (Finance) SESSION 2009-2010 ROLL NO. 805

TABLE OF CONTENTS
Particulars Introduction Evolution History of Banking What is Commercial Bank Role of Bank in Economic Development of a country Banker and Customer Relationship Management and Organization of a Bank Faysal Bank Limited Board of Directors Management Committee Functions of Faysal Bank Limited Cash Department Deposit Department Clearing Department Advances Department Cash Department Page # 1 2 4 6 7 9 11 13 14 15 16 17 18 20 21 25 26 27 33 36 37 39

Other Services Financial Statement Analysis Work Performed by me Discussion Conclusion Recommendations References Glossary Appendices