Information Technology (It) For Improving Banking Activities: A Study On International Finance Investment And Commerce Bank Ltd

1395 words - 6 pages

Information Technology (IT) for improving Banking Activities:-
A study on International Finance Investment and Commerce Bank LTD

Thesis for the partial fulfillment of BBA program of BBA (I) in
Management Studies

Information Technology (IT) for improving Banking Activities:-
A study on International Finance Investment and Commerce Bank LTD

Under supervision
Prof. Md. Mosharraf Hossain Ph.D.
Department of Management Studies
Jagannath University

Prepared by:
Md. Momin Uddin
BBA 8th semester
Roll-06671546, sec-B
Department of Management studies
Jagannath University

Letter of submission

Date- August 10, 2012
Prof. ...view middle of the document...

Please do call me for any clarification regarding the report, if required.
Your’s Sincerely,
Md. Momin Uddin
Roll-06671546, sec-B
BBA 2nd Batch
Certificate of the Supervisor

This is certifying that Md. Momin Uddin, Roll-06671546, sec-B, BBA 2nd Batch, Department of Management Studies has completed his project paper entitled “Information Technology for improving Banking Activities:-A studies on IFIC Bank ltd under my supervision.

I recommended the project paper for the evaluation for awarding the degree of Bachelor of Business Administration in Management Studies.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Prof. Md. Mosharraf Hossain Ph.D.
Department of Management Studies
Jagannath University


I would like to express my gratitude to all the people that were involved both directly and indirectly in the preparation of this report. I apologize to the people whose names that I have not mentioned, and their contribution is highly appreciated by me.

Firstly, I would like to thank my teacher Professor Md. Mosharraf Hossain Ph.D.for agreeing to be my supervisor and allowing me to write the paper on the proposed topic. In the report proposal, he inserted necessary corrections and suggestions. Later on, I based my work on those suggestions.
Secondly, I would like to thank “Enamul Elahi” (Manager, North Brook Hall Road Branch) at IFIC Bank ltd. He posed relentless and undaunted on whole request I made to him regarding finding out of current information about information technologies and he also suggested me for further information from Information Technology division at IFIC Bank ltd.
Thirdly, I would like to thank “Mr. Laxman” (senior officer, Information Technology division) who also provides others data about Information Technology for improving banking activities in IFIC Bank ltd.

Finally, I want to express my heartful gratitude to all employees of North Brook Hall Road Branch and Information Technology division at IFIC Bank ltd who support me by whatever means they had. Mainly Enamul Elahi (1st Assistant Vice president), Mr. Laxman (senior officer, Information Technology division), Sharif Ahmed (officer, General Banking), S.M Ariful Arefin (Officer, Loan & Advance), K.M Hasan Mahmud (Officer, Froiegn Exchange).

Above all, I considered it on my survey one of the best banking personality to me, “Enamul Elahi” Manager, North Brook Hall Road Branch at IFIC Bank ltd.
Without his supervision my survey on the bank were challenging and exciting as well.

Md. Momin Uddin
Executive summery
On completion of 8th semesters and many comprehensive examinations, a student of BBA program of the business faculty, Jagannath University is required to undertake a project paper. For this purpose each of them is attached with a research. The basic purpose of this attachment is to expose the students to real situation and acquaint them with practice of modern business world. This exposure is helpful to know how things move and to find...

Other Papers Like Information Technology (It) for Improving Banking Activities: - a Study on International Finance Investment and Commerce Bank Ltd

Commercial Banking and Finance Essay

3798 words - 16 pages interest rates at different speeds, depending on each bank’s collection of assets and liabilities (Flannery 1980). The asset side, an increase in interest rates may increase the amount of income a bank may earn on new assts it acquires (Flannery 1980). Assets were liquidated and mature over time with the proceeds of gradually being reinvested at the new higher interest rates (Flannery 1980). Many bank loans were carrying an interest rate that can

Banking and Finance Essay

2524 words - 11 pages price of assets such as stock and bonds that the financial institution owns that can lead to profits or losses. 4- Is everybody worse off when interest rates rise? No. People who borrow to purchase a house or a car are worse off because it costs them more to finance their purchase; however, savers benefit because they can earn higher interest rates on their savings. 5- What effect might a fall in stock prices have on business investment

Banking and Finance

1958 words - 8 pages requires the Federal Reserve to target the specific lending markets that many companies depend on for short- and long-term financing. The Fed introduced a number of tools intended to support the functioning of these credit markets by providing them access to liquidity. Purchasing longer-term securities: This policy tool is aimed at improving conditions in private credit markets. This involves the purchase of long-term securities in these markets. In

Banking And Finance

285 words - 2 pages . What is a financial intermediary? B. Describe and provide examples of the different categories of financial intermediaries, highlighting any differences among them. (4) Economists have argued [C.Y. Thomas] that Caribbean development has been retarded because the economies do not have sufficiently well-developed financial markets. Does this view sound reasonable? (5) A. Why is understanding and study of finance seemingly becoming so

Finance And Banking

259 words - 2 pages net income of $2.4 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization? (2-5) Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $500,000. What was its net cash flow? Assume it had no amortization expense. (2-6) In its most recent financial statements, Del-Castillo Inc. reported $70 million of net income and $900 million of retained earnings. The previous retained earnings were $855 million. How much in dividends did the firm pay to shareholders during the year?

Bank And Finance

3341 words - 14 pages . Information gathered in the investment banking division could be used to the detriment of customers purchasing other bank services. For example, a customer seeking a loan may be told that he or she must buy securities from the bank's investment banking division in order to receive a loan. Moreover, banks could gain effective control over some nonbank industrial corporations which might subject them to added risk exposure and place industrial firms

Bank for International Settlements

596 words - 3 pages on Germany by the Treaty of Versailles after the First World War. The new bank was to take over the functions previously performed by the Agent General for Reparations in Berlin: collection, administration and distribution of the annuities payable as reparations. The Bank's name is derived from this original role. The BIS was also created to act as a trustee for the Dawes and Young Loans, international loans issued to finance reparations and to

Marketing Mix (4 P’S) Analysis And Competitors Evaluation: A Study On Square Toiletries Company Ltd

4377 words - 18 pages . of Knit Fabric per day (Open width & tubular finish). Annual Turnover is US$ 26.00 million. | |8. Square Fashions Ltd. is the consummation of square’s vision of becoming a one stop destination for international buyers. It was | |established in the year 2001 with an investment of US$15 million and its target market is Europe and USA. Annual Turnover is US$ 41.00| |million

Real Estate Finance and Investment

2094 words - 9 pages view is worth $5000 more than internal apartment garden view. Garden view is worth $4000 more that facing streets. * Adjustment for level of floor ( based on assumption 5 ) As the level for apartment increases the price increases. One higher level is worth $15,000 value. The subject property under estimation is on the 4th floor. It has 2 bedrooms, 2 bathrooms, 1 study room, 1 car space and beautiful garden view. Approach 2

Deciding on a New Information Technology Platform

816 words - 4 pages develop with Information Technology.After the company have very big sales and lots information need to updates.That’s need the Information Technology skills. From the Case we can know By 2003 the system IDEA/3000 support 100 stores After 2006,new CIO plan the new technology on the transition After find the new application ,works with UNIX and carries out all needed function RELATION TO THE CHAPTER Understand the Information Systems/Information Technology And Principles in Managing Data Understanding the interrelationships is integral for any enterprise

International Trade and Finance

905 words - 4 pages International Trade and Finance ECO/372 July 30, 2012 Alexander Heil International Trade and Finance When the US has a surplus of imports it affects the companies in the US that make the same product. A study sponsored by the solar power industry has concluded that the United States ran a trade surplus of $1.88 billion in solar technologies in 2010, as exports of raw material and factory equipment for the solar sector

Related Essays

International Banking And Finance Essay

806 words - 4 pages An Introduction to Multinational Enterprises and International Finance (WEEK 1) – CHAPTER 1&2 SLIDE | NOTES | 3 | * There is a continuum of business environments from very similar to very different. * The term “multinational” implies “cross-border.” However, multinational financial management can take place within a nation’s borders (e.g., Canada or Belgium) or even outside any nation’s borders (e.g., external

Information Flow Of Standard Bank Ltd

1863 words - 8 pages , supply chain management system, database management system, security and control. The deliberation of this report is impounded in exploring and explaining ERP system of banks in Bangladesh. So our report will be a combination of different aspects of the banking activities and operations rely on information technology under general banking activities and a comprehensive view on IT division’s ERP system usages. Content • INFORMATION

Islamic Banking And Finance Essay

2772 words - 12 pages capital of each partner. Ratio of profit distribution must be agreed at the time of the execution of the contract. • • • As a proportion of the actual profit earned by the enterprise, Not as percentage of partner’s investment, and Not in lump sum amount, otherwise, for the latter two, it can only considered to be an on account payment subject to final settlement. • Ratio of profit: Must be equal to ratio of investment - Imam Malik & Imam

Is It Necessary To Separate Retail Banking From Investment Banking? Discuss Possible Advantages And Disadvantages Of Such A Separation Using Academic Literature

703 words - 3 pages Graphic [pic] [pic] [pic] Disadvantage of increase Chinese Exchange for China - International Trade Why USA want to increase Chinese Exchange Rate As we all know, China is a big processing and export country, we can see many products all be made in China. Therefore, when the Chinese exchange rate increased, the demand of Chinese product for American companies and residents will be reduced, because the Chinese exchange rate increase