General Banking System of NCC Bank Limited: A Study on Dhanmondi Branch

Abstract

A bank is a type of financial entity that gathers the excess cash in society and lends out some of it in order to make a profit. Therefore, we can sum it up by saying that a bank is a business that deals with money. A business engaged in the banking industry is referred to as a banking company under section 5 of the Bank Corporation Act- 1991 (Dotchin &Oakland, 2001). Bangladesh's banking industry has seen a quick and profound transition during the past few years. The banking industry has been rapidly evolving not just in our nation but also around the world, primarily as a result of technological advancement, globalization, and deregulation. The banking sector in our country has changed as a result of the substantial changes that have taken place throughout the world. The market environment now requires banks to compete with both domestic and foreign organizations. NCC bank is one of the prestigious private Bank in Bangladesh and has its operation all over Dhaka city and in some major cities in Bangladesh. It is essential to the growth of the commercial sector. This bank is expanding in a very positive way. Its mission statement is to give customers rapid, efficient service. After the Pandemic they have also developed their online Banking system for customer convenience which has made it simpler to offer customers fast services. Banking opportunities for corporations, large finance for projects, retail banking for retailers, small And medium business finance, consumer finance, and syndication are the bank’s main business lines. Cash management services are among the variety of services it provides. Payments and clearings, services for safe deposit boxes, employee benefits, and services for collections. Asset management, treasury services, and international trade (Michael, 2000). I got the opportunity to work as in intern in NCC Bank and this will provide me with experiences that will be helpful for me in future. I think it is a great opportunity to learn and I have utilized this opportunity as much as possible. Throughout my internship program o tried to gather knowledge and build communication skills.