Abstract:
Grameen Bank (GB) has reversed standard banking observe by removing the requirement for
collateral and created a banking industry supported mutual trust, accountability, participation and
power. GB provides credit to the poorest of the poor in rural East Pakistan, with none collateral.
At GB, credit could be a value effective weapon to fight impoverishment and it is a catalyst within
the overall development of socio-economic conditions of the poor WHO are unbroken outside the
banking orbit on the bottom that they're poor and therefore not bankable. Professor Muhammad
Yunus, the founder of “Grameen Bank” reasoned that if monetary resources are often created
offered to the poor people on terms and conditions that square measure applicable and affordable,
“these many small people with their many small pursuits will add up to make the largest
development surprise.” The elements of the bank spread a wide scope of wide scope of banking
and practical exercises of people, firms, corporate bodies and other worldwide organizations. Here
the report has been readied dependent on 12weeks of functional experience on Training and
Development Program of GB and it spreads insight regarding Training and Development Program
performed by the bank.
Description:
Grameen Bank (GB) has switched ordinary financial practice by expelling the requirement for
insurance and made a financial framework dependent on common trust, responsibility, interest and
inventiveness. GB gives credit to the most unfortunate of the poor in provincial Bangladesh, with
no security. At GB, credit is a savvy weapon to battle destitution and it fills in as an impetus in the
general improvement of financial states of the poor who have been kept outside the financial circle
on the ground that they are poor and thus not bankable. Educator Muhammad Yunus, the organizer
of "Grameen Bank" contemplated that if budgetary assets can be made accessible to the destitute
individuals on terms and conditions that are fitting and sensible, "these a huge number of little
individuals with their a large number of little interests can mean make the greatest improvement
wonder. “Bank is a monetary organization which manages cash. Not all banks are the equivalent.
There are various sorts of banks: co-employable banks, reserve funds banks, venture banks and
national banks. As a result of its transitional job, banking framework possesses an essential spot in
a nation's economy. It affirms appropriation and re-portion of benefits and keeps up the movement
of monetary exercises. As financial delegates, banks remain between speculators who contribute
capital and borrowers who request capital. It gathers resource for both people in general and private
parts, and gives innovative responses to meet the prerequisites of business visionaries and
government organizations. Therefore the financial section assumes a key job in the advancement of
Bangladesh's economy. After the autonomy of Bangladesh in 1971, six state claimed popularized
banks were created, two state possessed banks that had some expertise in loaning to the horticulture
and industry, three remote banks including standard contracted bank. The financial business has
confronted groundbreaking developments from 1980's. Private Banks has entered in banking
industry, Micro money banks developed quickly, which has given help to address the issues of poor
natives. Remote exchanging is an enormous business which is controlled by business banks. Remote
exchange implies the trading of capitals and administrations over the fringe. Mastery is given by
business banks. Remote exchange requires a progression of merchandise from vender to purchaser
and installment from purchaser to dealer. Here, bank plays as a conciliator between the purchaser
and vender. The Grameen Bank (GB) was built up in Bangladesh as a financial organization. I
worked in the General Banking (account opening, clearing, move, store and money), advance
division, and LC branch of this bank. This allowed me the chance to know more on 2 distinct parts
of the organization. Along these lines, I have arranged my temporary position report on "Loan
Performance Analysis" of Grameen Bank.