The instruments are detached and check the

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The instruments are detached and check the corresponding account if balance is available then debit the account. Floating status is now realized at corresponding branch which send instrument for clearing. pg. 33
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INWARD CHEQUES RETURNED UNPAID: These are the cheque returned unpaid by us in inward clearing due to some objections. OUT WARD CHEQUES RETAINED UNPAID: These are the cheques retained unpaid to us which were lodged by other Bank because of s ome objection eg. Insufficient balance. ONLINE BANKING: Online banking means that the customer of AKBL can deposit / withdraw funds in / from ot her branches of AKBL. Askari bank provides online facility to all its branches. Just fill the online slip and submit at counter along with Check or Cash for online transfer. AKBL provide the facilit y to customer to transfer funds to any account through ATM. ACCOUNT DEPARTMENT: Account department is known as backbone of an organization all financial matters deals and monitors in the account department. I worked three days in accounts department but as it has con fidential information so they did not give me enough information regarding their working. First d ay I sorted out the cheques of AKBL with the help of the serial number and the nature of the acco unt and arrange them in sequence. After that i checked the activity which contains the title of the cheque, amount, date etc. Accounts department maintains the record of expenses of all the depart ments, it also maintain the record of all the employees regarding their basic salary, increment, be nefits etc. It is the backbone of AKBL CREDIT DEPARTMENT: Credit department provides credit to the customer according to their needs therefore credit divided into various categories majors are given as follows: SME Credit Corporate Credit Commercial Credit Consumer Credit pg. 34
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ADVANCES & LOANS : Credit can be divided into two main categories advances and loans which further catego ries as follows: FUNDED: Credits in which funds provides called as funded credit. NON FUNDED: Credits in which funds are not providing to the customer called non funded credits e.g. LC (Lette r of Credits) LG (Letter of Guarantee) etc. SWOT ANALYSIS: Strengths: Effective HR Policies ATM Machine in Branches. One Counter Operation. Islamic Banking. Loyalty of Employees. 24/7 Online Banking. Internet banking facility. pg. 35
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Excellent Environment. Efficient and Qualified Management. Fewer Competitors as Islamic Banking. A large range of Islamic Investment Schemes. Islamic Leasing System. No hidden charges. Rates are remarkably low as compared to other banks. Weakness: Lack of awareness of the people. Only two Branches in Sukkur.
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  • Spring '18
  • Professor Jhons
  • ........., Askari Commercial Bank Limited

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