Professional Documents
Culture Documents
With the worthy grace of Almightly Allah who gave us strength, courage, preservation
and patience to finish the report would have never come true.
I am delightful to thank our respected Teachers and Principal, in respect of their True,
Sincere, Elder and Valued guidance and pertinent suggestions for the subject matter.
assistance and support rendered us an opportunity to make this report. And all the
respected staff members of the HBL Satellite Town Branch Mirpurkhas, and sincere co-
INTRODUCTION
The University of Sindh was established under Act No. XVIII 1947. An Act to
in 1974.
The University of Sindh is the first University which started Bachelor and Masters
The University of Sindh is the first public sector University of Pakistan which
enrolment in these areas of studies and shall soon emerge as the larges producer
The revised Sindh University Act of 1972 envisages the mission of the University
disciplines of the liberal arts, teacher education, sciences, management, and technologies.
The programs will have a strong component of general education necessary for students
University will provide opportunities for personal growth through a wide variety
University will maintain environments that enhance the professional and personal
CMS
The College of Modern Science commonly known as CMS was established in 1998 to
cater the needs of quality education in business management, computer science and
information technology. The main campus of the college is located at a peaceful and posh
area of Unit # 2, Latifabad, Hyderabad on main road linking auto bhan with Shah Bhittai
Hospital. The college has established centers and campus at Mirpurkhas, Karachi,
Nawabshah, Lahore, Faisalabad, Multan and Rahimyar Khan to conduct the job oriented
Technology.
The college has excellent computer and electronic labs, ever growing libraries,
environment friendly class rooms, separate common class rooms for boys girls and above
all an enviable learning atmosphere. The medium of instruction at the college is English.
The faculty members are highly qualified and motivated the hold higher educational
environment of integrity, fairness, trust and mutual respect. The students will find their
education challenging the work load demanding and the faculty expectations high. The
breach of academic and ethical codes not go unnoticed at CMS as after two warnings
from faculty and Administration they students still defying this code would be asked to
AFFILATION
CMS was formally inaugurated by the Honble Govenor of Sindh on 26 th. February 1998.
It has the unique distinction of enjoying the affiliation of the University of Sindh
Jamshoro for master and bachelor degree programs in business administration computer
science and information technology under semester system. The relevant degree shall be
To intern means to train in any particular field under the supervision of specialist in wide
range of fields. Internship gives students practical exposure to the corporate environment
and the business scenario, student come back well equipped with practical experience
internships a job experience while students going through the MBA degree program
students often base their career decisions an opportunity to get inside knowledge about
Banks plays a vital role in maintaining the stability of price level in country. In other
words we can say that economic development and prosperity of a country is connected
with the development of a good banking system.
Banking effects great economy in metallic and currency. The greater part of the countrys
business is settled by cheques, bank drafts without the use of coins or notes. The use of
cheques also fees the public from the risks of loss where the use of coin and notes would
involve.
Bank collected small sums lying idol with people and increase the supply of capital.
Banks are store houses of money, collected from various sources which they lay out in
various enterprises or lent out to those who have got the talent but lack capital are given
opportunity to show their worth.
Banks are not only finance home trade and industry, but also make possible international
payments by accepting and collecting bills of exchange by issuing letters of credit and
foreign trade is developed.
Banks create the habit of saving and thrift among the people and the collected saving are
invested by the clients of banks in productive activities.
Banks collect the savings of the individuals and institutions and in this way circulation of
wealth takes place and the hoarded wealth is mobilized for the development of the
country. Banks create, which in addition to money in circulation and bridges the time gap
between the manufacturer and marketing of a product. This gap is filled by banks giving
loans to the industries and production of wealth does not suffer.
The word Bank itself is drive from the words Banco Bancus or Bancus, which
means a bench. The early bankers, the Jews in Lombardy, transited the business of money
banks have developed from very old system of banking. It has been growing side by side
with the human civilization. Historians are of the opinion that perhaps they were the
Babylonians who developed banking system as early as 2000 B.C. There was all because
of the prevailing respect and confidence in the clergy. King Hammurabi (1728-1686
B.C.) the founder of the Babylonian Empire drew up a code were in he laid down
In Greeks some temples as those of Ephesus and Delphi, were the most powerful and
biggest banks of their time where the people deposited their money and other valuables
for safety and security. The Romans organized and regulated the conduct of private bank
in such a way that outmost confidence was created in them. They were familiar with the
The sub-continent society was also familiar with banking system right from the
beginning. Borrowing and Lending of money existed in this area between 2000 and 1400
In Europe, Eastern Bankers were money changers. AT that time, these people took an
advantage of the process and started keeping deposits of valuables and jewelries on the
basis of their sound financial position in the community. The origin of banking which
started in the 12th. Century after the fall of Roman Empire subsequently developed with
the developed with the development of trade. The Jewish merchants to Lombardy
The Bank of Venice established in the year 1157 or 1171 A.D. is perhaps amon the first
public banking institution. Other banks such as Bank of Barcelona in Spain was founded
in 1401, the bank of Geneva (Italy) in 1407, the Bank of Amsterdam in Holland was
established in 1609.
In England development of bank took place in the days of Elizabeth-I. In 1640 public
banking started. The bank of England was established in 1694. In 1935, Reserve Bank of
India was established. The State Bank of Pakistan was inaugurated by the Quaid-e-Azam
August 1947, when various banks transferred their Headquarters and funds to across the
border likely to fall in India. This trend emerged due to dominant role of Hindus in pre-
According to Menial there were 3496 branches of Indian scheduled banks in the
undivided sub-continent as on 1st. March 1947 out of which on 487 branches were located
At the time partition, there were only tow banks having the honor to be the first
commercial bank of Pakistan namely Habib Bank Limited, which was setup in 1941 with
its Head Office in India and Australia Bank Ltd., which was established in 1944 with its
Following the partition, an expert committee was setup and this committee recommended
that the Reserve Bank of Pakistan of India being the Central Bank of Pakistan and the
undivided India should continue function to as Central bank of Pakistan and the Indian
currency notes would continue to be legal tender in Pakistan till 30 th. September 1948.
Subsequently it was decided to have separate Central Banks and the State Bank of
Pakistan was setup and started functioning from 1st. July, 1948.
Bank of Pakistan which was inaugurated by the Quaid-e-Azam Mohammad Ali Jinnah on
1st. July 1948. The State Bank of Pakistan played an active role in the development of
banking system in Pakistan. One of the major tasks faced by the State Bank of Pakistan
was issuance of Pakistan currency notes in place of Indian currency. The Pakistani
currency notes issued during October 1948 included the denomination of Rs.10/- and
100/=.
Consequently three Banks were established which includes Muslim Commercial Bank,
formed in September 1948, bank of Bahawalpur in October 1948 and national Bank of
Pakistan 1949. Habib Bank also transferred its Head Office from Bombay to Karachi due
to partition in August 1947 and it was assisted by the State Bank to finance domestic
trade of country.
By the end of December 1973 the total number of Pakistani Scheduled Banks increased
to 13. After the nationalization of Commercial Banks branches exceeded 6700 in 1985.
Now in nearly 1990s the Government of Pakistan has also established First Woman Bank
to encourage women for making saving and investments to provide them more job
economy.
was established in August 1941, the first branch was laid down at Bombay by the Quaid-
e-Azam, the first account was opened of Mohammad Ali Jinnah. The bank has a
establishment in 1941 has been playing leading role in commercial banking in Pakistan.
It has 1425 branches in Pakistan and 55 branches are in abroad. It has offices at all title
major financial centers all over the world including pride place like as Wall Street New
York and United Nations Plaza. It has International network including branches at
Bahrain, Dubai, AbuDhabi, Cairo, Paris, Frankfurt, Hong Kong, Kuwait, Beijing,
In Pakistan the bank provide the complete banking facilities to the people at all over the
branches operatoring even far-flung Northern areas. Habib Bank is the first bank in the
country to introduce and implements supervised the rural credit program to helps small
farmers to obtain loans at these doorsteps on easy terms and conditions. It has also
played pioneer role in the introduction of profit-n-loss sharing system (PLS). As a major
In addition to the normal business operations, the bank provides special loan facility for
higher education Qarz-e-Hasna to deserving poor students for medical and engineering
colleges in Pakistan. The Bank has well equipped research department to work and
The history of Habib Bank Limited in part of Pakistans struggle for economic
independence when HBL came into existence in August 1941. since then Habib bank
playing continuously important role in Pakistan economy . at the time of Hindu pak
partition the only Pakistani bank was exist in scenario Habib bank made great support to
In july 1948 when state bank of Pakistan was established the bank needed liquidity to
flourish the bank Habib Bank played important role and provided the major funds in this
regard.
Before nationalization in 1974 the was growing year by year and its market was more
than 50% out of 100%. In 1974 the socialism was on the peak and government of that
time nationalized all the banks and industries. Which was wrong decision of the
government. After nationalization the banks were falling down into losses.
In 1990 after failing the communism the capitalism again emerged and government
decided to privatized all the banks. In this regard the government appointed the
professional management from out side the banks. the new management gave the task to
First, the management took the initiative, in the first phase in 1997 they made restructure
of the and closed near about 500 branches across the country and excess staff reduced by
offering Golden shake hand. In this exercise 7500 employees got Golden hand. they also
etc.
To train the employees modern banking and technology owing to this exercise the
After becoming the profitable organization, in Dec2003 the government sell-off the 51%
equity of bank to Agha khan foundation for Rs.22 billion and handed over the
management to them.
Now the Habib Bank Limited is running under the management of the Agha khan
foundation successfully. After the privatization the launched a lot of new products e.g
Habib Bank Limited is now in No.1 position in commercial Banking and providing good
services to its 5 million customers throughout the country and overseas. Habib Bank
Limited vision to make it great bank of the locally and growing globally.
There is a prescribed procedure for opening of saving and current accounts. Following
Introduction.
Signature Card.
Pay-in-slip Book.
Pass Book.
Cheque Book.
APPLICATION FORM:
A person who wishes to open a Bank Account is required to complete this form. The
personal information is to be furnished. The applicant signs the declaration to the effect
INTRODUCTION:
As required under the banking law, the new customer needs to be introduced by the
account holder of the same branch where the account is being opened. The manager or
any other bank officer may introduce he new customers it they know them personally.
PAY-IN-SLIP BOOK:
After completing the necessary formalities cash or cheques is deposited in the bank by
completing the pay-in-slip. This pay-in-slip consists of two parts; on is used by the bank
and other part generally known as counter-foil is retained by the customer. The customer
fills-in this slip by showing the account number, amount to be deposited in cash or
cheques.
PASS BOOK:
This is an account book which is provided free of charge by the bank to the customers.
All entries relating to withdrawal of cash and deposits are made in the Pass Book. Pass
Book are generally maintained for saving bank accounts and current accounts.
CHEQUE BOOK:
After completing all formalities for opening saving or current accounts, a cheque book is
issued to the customer for withdrawing cash from his or her account at the time of need.
The cheque book contains minimum 10 leaves and maximum 100 leaves. The bank also
charges excise duty. Every leaf contains two parts. The left hand part is called
counterfoil and the right hand part is a cheque which is presented for receiving cash
from bank. The counterfoil is retained by the customer. The cheque book also contains an
application form for issue of an other book when all the leaves are utilized.
The salient feature of the Profit & Loss sharing saving accounts to be opened in HBL is
as under:
These accounts can be opened by individuals in their own single or joint names
can open the accounts. The PLS saving account can also be opened for provident
Money can be withdrawn from PLS saving accounts only through cheques.
The cheque book containing leaves of cheques is supplied to the customer after
The share in the profiles a minimum balance of Rs.100/= must be maintain in the
account. The minimum balance of 6th. And last month of the year will qualify for
the profit.
The profit will be calculated on the basis of monthly minimum balances for the
The Head Office of HBL determines the profits of loans on PLS saving deposits
and advises its branches, the rate a time of distribution of these profits to
calendar month and for a total month not exceeding Rs.25000/= for withdrawals
In the event of contravention of rules shall be deducted from his total profit
earning products.
account.
On the 1st. of Ramadan, every year the zakat @ 2 will be recovered from the
deposits on title balances of that day. But the declaration of zakat, is given by the
balance. In the same day, zakat is not recovered from the amount in which the
Zakat Pakistan. This system of accepting deposits has been started in HBL since
01.01.1981.
In the case of Fixed Deposits are made for a fixed period, the money deposited cant
be withdrawn before the expiry of the period fixed or before giving an advance notice
to the bank. Fixed deposit carries a higher rate of interest than the other types of bank
accounts, and the rate of interest rise with the length of the period and the amount of
deposit.
Receipt (FDR) which is not transferable to any other person. When the deposit is
The salient feature of the Profit & Loss Sharing Term Deposit accepted by HBL are given
as under:
The PLS term deposits are accepted from individuals in their own single or joint
The PLS term deposits receipts are issued for any amount. There are no minimum
PLS term depositors may be allowed some facilities against the security of these
receipts credit, after marking lieu of the relevant receipts and subject to
Under Term Deposit Scheme, the depositors have case to earn profit immediately,
after respective maturity date, but they have been offered a liberal facility. In case
the depositors fail to withdraw their term deposits on maturity their funds will
remain temporarily in use and out of profits earned. A reasonable share would
occur to such overdue PLS Term deposits at the rates declared on PLS sharing
account.
Bi-Annual intervals.
FOR EXAMPLE:
The end of June and December each year and payment of profit to or deduction of
loss, if any from the PLS term deposits is to be made. The deposits for longer period
will earn a little more profit that those for shorter period deposits.
profit will be paid for the entire period to the PLS saving accounts after
If PLS term deposit expired and the depositor requires with in 01 months after
expiring date for reinvestment, the PLS term deposit will be reinvested for the
Zakat or the face value PLS term deposits will be recovered as may times, as
the valuation dates i.e. 1st. Ramadan fall between the date of issue and the
Pakistan and abroad. This scheme assures its customers of better profit and superior
any one of their unauthorized branches spread all over the country.
The customer can make withdrawals and transfer to any where in the world.
All the deposits and profits in customers foreign account are exempted from
The customer sources are protected from any security of concerned authorities.
The HBL has over 1425 branches at home and aborad. Of these more than
branches authorized and fully equipped to deal with all kinds of foreign currency
transactions.
(HBL has world wide network of branches and it has associate in Saudi Arabia
Remittance:
Bank promotes the facility of remitting the funds with in the country and outside the
country and with in the country certain limits. Usually money remitted through
remittance the funds within the city, within the country and also outsides the country
The means of transfer of funds/amounts from one branch another with the country
DEMAND DRAFT:
special agreements to pay certain sum of money to or to the order of specified person.
PAY ORDER:
A pay order is a written document for payment, made in receipt from issued and payable
by the bank to the person named and addressed their Pay Order can be made for the
branch of same bank within the same city, there is option to change the bank (name) but
TELEGRAPHIC TRANSFER:
Transfer of funds from one branch to another branch of the same bank under special
arrangements for the payments for the payment to beneficiary through telegram, telex,
fax and telephone is called Telegraphic Transfer. It is necessary that there should be
account of the person from shown the T.T is made instead of amount (mentioning) there
are some special codes, the bank charges are the same as Demand Draft.
MAIL TRANSFER:
Transfer of funds from one branch to another branch of the same branch within city or
LOCKER:
Customer fills the application to get license for the lockers. There are certain types of
lockers.
Small
Medium
Large
Large locker Rs.2500/= is charged for a year and chargeable for each year.
ADVANCES DEPARTMENT
ADVANCES/FINANCES:
Advance Department receives the title applications from intending borrowers and submits
the same applications to higher authority after processing, for approval. The advances can
be following nature.
PROFIT:
HBL Pak Rupee Traveler Cheques (Muhafiz) A symbol of convenience and safety.
Benefits:
o As good as cash and customer can cash it throughout 1425 branches in Pakistan.
CREDIT CARD:
Be a part of an inter-connected global village with HBL Master Credit Cards. Paying
through Credit Card is the way of future. It is safe, handy widely accepted throughout the
world.
Auto Finance.
Flexi Loan.
Life Style.
House Finance.
Tele Banking.
E-Commerce
Online Banking.
S.W.I.F.T.
used to facilitate to customer round the clock cash drawing. Habib Bank
has more than 500 ATM throughout the country. It has also intend to
3. Value Visa Debit Card: Value Visa Debit Card is unique product of
Habib Bank which offers to their customer world wide and accepted all
4. Master Card: Master is a credit facility, which HBL offers its customers
at low markup rate. It is also accepted all over the world. Its expiry period
5. Auto Finance: Auto Finance loan introduced in 2000 to see the demand of
low markup rate for five years and to have a comprehensive insured it is
6. Flexi Loan: Flexi Loan is another unique product of Habib Bank, which
appliances to salaried persons and business class, it s low markup and easy
offers to salaried persons and business class to build their own house. The
12% p.a. to its customers. Habib Bank still disbursed million of rupees in
the field.
Internet and customers are interlinked to each other and make buying and
transferred their money through computer from one place to other places
12. S.W.I.F.T: Swift is fast tracking service to provide their valued customers.
Following are some suggestions, which may help to maintain its credit ability and its
profiles.
The HBL should introduce the use of computers in order to control with the hectic
business activities. It will also help to reduce the extra burden of manual work.
The bank should more emphasize on providing efficient customer services, they
Every thing should be computerized. So that people deposit more in this bank.
Extra counters should be brought in order to facilitate during the rush days the
CONCLUSION:
During the period of our Internship at Habib Bank Limited Satellite Town Branch
Habib Bank Limited have wide network of branches all over the country as well
Habib Bank Limited has been in service to its customers since last 65 years.
Habib Bank Limited provides numerous facilities to its customers as well as its
Staff Officer and Executives, which give them a sense of self worth.