GENERAL BANKING SYSTEM OF JANATA BANK LIMITED: (UNIVERSITY GRAND COMMISSION BRANCH)

Abstract

An economy of banking sector greatly to be like wheels of vehicle. How much wheel is regulated relies on how much banks are established in the country. And the banks keep active the wheels of economy through banking operation by transaction within the customers. It is very important role what they are playing collecting money from the one group to landing another group where the money is regulated all the time. And industry, firm, corporation is growing successfully by well operating banking section to effective and quick service to the customer to help them. Janata Bank Limited knows it very well how to survive well in the banking sector within the competitive market launching different attractive product to increase deposit to create self-different. And also it analyzes which sectors are more profitable to return back more quickly what is invested. My aim was to find it what our services are and how we collect deposit through different packages. I worked in general banking (accounts opening, deposit, clearance in accounts department and remittance) that improved my professional learning. Therefore, I tried to describe what I gained the information, knowledge from my own experience. This report is a combination of different aspects of the banking deals and operations under general banking activities. Immediatelyafter the emergence of Bangladesh in 1971, the erstwhile United Bank Limited and Union Bank Limited were nationalized and renamed as Janata Bank Limited Janata Bank Limited is a state owned commercial Bank incorporated on21 May 2007 under the Companies Act 1994 as a public limited company and governed by the Banking Companies Act 1991. Janata Bank Limited took over the businesses, assets, liabilities, right, power, privilege and obligation of erstwhile Janata Bank through a vendor agreement signed between the People's Republic of Bangladesh and Janata Bank Limited on 15 November 2007 with a retrospective effect from 1 July 2007. Janata Bank was established by the Bangladesh Bank’s (Nationalization) order 1972 (P.O 26 of 1972) and is fully owned by the Government of the People’s Republic of Bangladesh. The bank has 897 branches including four overseas branches. Bangladesh Bank issued license on 31 May 2007 in the name of Janata Bank Limited to conduct banking business. Janata Capital and Investment Limited Dhaka incorporated on 13 April 2010 vide incorporation certificate No. C-83898/10 issued by the Registrar of Joint Stock Companies and Firms (RJSC) with 100% ownership of Janata Bank Limited having Taka 5000 Million authorized capital and its paid-up capital is Taka 2000 Million. The company starts its operations from 26 September 2010 and its main functions are issue management, underwriting and portfolio management. Janata Bank provides VIII employment opportunity near about 14 thousand employee.The mission of the bank is to actively participate in the socio- economic development of the nation by operating a commercially sound banking organization, providing credit to viable borrowers, efficiently delivered and competitively priced, simultaneously protecting depositors funds and providing a satisfactory return on equity to the owners .The Board of Directors is composed of 11 (eleven) members headed by a Chairman. The Directors are representatives from both public and private sectors.The Bank is headed by the Chief Executive Officer & Managing Director, who is a reputed banker.The corporate head office is located at Dhaka with 35 (thirty five) Divisions