Introduction Of The Report

CHAPTER-01 INTRODUCTION OF THE REPORT 1.1

Introduction

Muslim commercial Bank (MCB) is one of the privatized banks in Pakistan, working in the economy of the country that is subject to the fluctuations most of the time. Now a days MCB is having the objective to focus on consumer banking and their services, which gives them edge over the rest of the banks in the country it’s consumers banking provides consumers with innovative saving schemes, products and services. So far MCB has shown remarkable achievements in fulfilling all of its objectives along with the profit limits. It’s products has also presented an admirable response by its clients and contributed a lot in developing the bank’s repute as well as the economy which is really appreciable.

1.2

Background of the study

The economic growth of a country, among many other factors, depends mainly on the strength of the financial institutions operating in a country. The banking sector is one of the example of financial institutions which can play a very vital role in development of the over all economy of a country. Banking sector has now become a very challenging field with the advent of modern technology and increased competition.

1.3

Purpose of the study

The main purpose of this study was the fulfillment of the degree requirements of bachelor in management sciences of the institute of management studies (IMS) University of Peshawar. Other purpose of the study is to analyze the daily procedures of Muslim commercial bank (MCB).

1.4

Scope of Work

The scope of this particular study is confined to the MCB Main Branch, Mardan, and N.W.F.P. As the functions of a financial institution are much wider in scope so it is very difficult to clearly understand all these functions in a limited time. Therefore, the performance of the Accounts Department of MCB Main Branch, Mardan, is viewed in detail and the rest of the departments are just glanced through.

1.5

Methodology of the Study

To complete the study in a more meaningful and practical way, the following methods of data collections were used.

1.5.1 Primary Data The data collected for the first time is called primary data, which was through

a.

Interviews

The senior and the experienced staff at the branch level were interviewed to know their views about the different problems faced by them in their routine duties.

b.

Observations

Being an internee, different methods, procedures and rules used by the staff members while working there routine jobs were observed.

1.5.2 Secondary Data The data, which has gone through mathematical and statistical techniques after its collection, is called secondary data. The main sources of secondary data are different publications of MCB. They include annual reports, manuals, newsletters, website of MCB and brochures etc.

1.6

Scheme of the Report

Chapter

1

This chapter contains the background, purpose, scope, limitations and methodology of study.

Chapter

2

This chapter contains the overview of overall MCB including its different schemes and products.

Chapter

3

This chapter views the main the MCB Main Branch, Mardan, and its different departments.

Chapter

4

In this chapter the critical analysis of the bank are made and strengths, weaknesses, opportunities, and threats are highlighted.

Chapter

5

In this chapter recommendations along with the action plan are made for the efficient performance of the bank.