Long term finance Real estate finance Import finance Work order finance Export

Long term finance real estate finance import finance

This preview shows page 17 - 21 out of 62 pages.

Long term finance Real estate finance Import finance Work order finance Export finance Structured finance Loan syndication 2.5.3. SME Banking Service Chaka Annaynna Chalti Muldhan Single payment Loan 2.5.4. Foreign Trade Business Foreign correspondents Nostro Accounts 2.5.5. E-banking Service Online banking Mobile banking SMS banking SWIFT Locker Facility
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Credit Management of Mercantile Bank Limited Page 13 2.6 Departments of Mercantile Bank Limited In branch level, MBL has three departments. These are- 1. General Banking 2. Credit Department 3. Foreign Exchange Department Account opening Major Functions of General Banking Issuance of Demand Draft/Telegraphic Transfer/Pay Order/Fixed Deposit Revenue Interbank Transaction, Inter Branch Credit Credit Proposals and Credit Processing Major Functions of Credit Department Documentation and Loan Disbursement Overview on all returns Opening of L/C (Back To Back, Local/ Foreign) Major Functions of Foreign Exchange Department Purchase of foreign bills Negotiating of foreign bills Payment against Import Bill Export guarantees Endorsement of Traveling
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Credit Management of Mercantile Bank Limited Page 14 Chapter Three Internship Experience
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Credit Management of Mercantile Bank Limited Page 15 3.1 Prologue After completion of academic study, all of us will have to enter into professional world. Before facing with real world, to work as an intern in an organization is best opportunity to practice corporate culture and utilize academic learning. I got the privilege to work at Mercantile Bank Limited for a period of 12 consecutive weeks. I experienced that every desk is assigned with specific jobs and particular persons take responsibility as well as to carry out the jobs. In cooperating with all the persons I worked with, I came to learn a lot of things which will help me not only in professional life but also in my personal life. I worked at Kawran Bazar Branch from January 1, 2013 to March 31, 2013 and these three month journey of my internship with Mercantile Bank Limited was very delightful. I enjoyed my works and all the stuffs, officers of the bank are very friendly and helpful. As I worked as an intern there, I was assigned at different desks of all the divisions of bank. 3.2 Accounts Department At the beginning of internship period, I worked at ‘Accounts’ under General Banking Division and I worked there from 1st January to 12th February 2013. Accounts department is responsible for analyzing all the transactions which are held in bank and keeping records of all transactions. Everyday all transaction lists, vouchers, cheques are received from different divisions. Then the respective officers in Accounts analyze and register all transactions. My principle jobs in accounts were organizing the vouchers, matched the vouchers with transaction lists. There are three types of vouchers and these are categorized as Cash, Transfer and Clearing vouchers. There
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