Askari Bank: A Leading Pakistani Bank

When determining the bank’s future over the next five years, one must analyze what the bank needs to focus on in order to achieve the individual goals. The bank’s mission is to work towards offering its customers the one-stop financial shop concept delivered with an unexpected, unsurpassed level of customer service. In order to achieve this mission, FirstBank must be able to continue to strive to be better and never settle.

For this unique Commerce Bank, its customers are categorized as personalizing and convenience customers. The personalizing customers who very enjoy the good and special service experience,

Bank of Melbourne is the local financial institution which located in victoria city of Australia. It was set up in 1989 and re-established in 2011, and it is the subsidiary owned by Westpac. It involves more than 100 branches and 300 ATMs around Melbourne. (“Bank of Melbourne”, 2015) It has perfect regional banking network system, together with Bank of South Australia and St.George. (“Overview”, 2015) The major products of the bank are personal and business banking services. Apart from providing banking services, it is also concerned with local investment and local community welfare. Meanwhile, good suggestions were given in consideration of customer’s decision making. The aim of the company is to deliver better banking experience and satisfy customers’ banking need. This helps the development of businesses and quality of Victorian’s life.

An Islamic financial institution such as financial banking has been established before two or three decades ago in the aim to provide satisfactory financial facilities to the interested parties as compared to conventional banks. In 1974 Dubai Islamic bank which is the first Islamic commercial bank was established and later Islamic Development Bank (IDB) has been established in 1975 (Hennie and Iqbal, 2008).

We are the leading bank in Pakistan and our success depends upon trust. Our customers - and society in general - expect us to possess and steadfastly adhere to high moral principles and professional standards.

The banking sector is faced with increasing challenges as the modern day society evolves. In the aftermath of the economic crisis, the population came to become more demanding of the banking sector. In other words, the various categories of stakeholders such as customers, employees, business partners, the public and so on became more vocal and forwarded more demands. The new challenges of the banking sector refer to the operation in a means in which they create benefits for the overall wellbeing of the communities in which they operate.

To meet the diversified financial needs of customers, the bank made some innovation of all products including payment, deposit, financing, bank card, trading, insurance, investment and wealth management to enhance the customer

Chapter - III focuses on the Profile of the Selected Commercial banks in India. Here, two different categories of banks namely, Public, Private Banks have been taken into account.

My summer project with HDFC BANK proved to be highly valuable and informative sojourn. I got some valuable insights from this exercise, which has definitely enabled me to hone my skills and widen my perspective towards banking in its modern prospect.

The Premier Bank Limited is a standout amongst the most surely understood private banks in our nation. It embraces all kind of keeping money exchanges to bolster the advancement of exchange and trade in the nation. Most importantly of their administration they experience their goals, for example, procuring and keeping up performing solid, setting up relationship saving money, presenting completely robotized frameworks, guaranteeing a sufficient rate of rate of return, keeping up satisfactory liquidity to meet development commitments, seeking after a compelling arrangement of Management by straightforwardness and responsibility at all levels.

Admire that before numerous nations embracing IFRS there were various vital contrasts between the accounting strategies and policy received inside different nations , such contrasts are diminishing as nations choose to receive accounting standard discharged by the international accounting standard board.

Finance has come a long way since the time when it wasn't recognized as a factor for growth and development. But recently, it is attributed as the brain of an economic system and most economies strive to make their financial systems more efficient. It keeps the policymakers on their toes as any problem in this sector could freeze the entire economy and even lead to a contagion. Financial Inclusion is an emerging need in day-to-day life which includes the all folk into the banking fold. Indian economy in general and banking services in particular have made rapid strides in the recent past. The Financial Inclusion concept has been introduced to entail the delivery of banking services at an affordable cost across a vast section of the underprivileged folk to get benefit from and improve their standard of living.

Pakistan is an enormous business for microfinance industry which has tapped almost 2.6 million dynamic borrowers against 30 million focused on clients to a great extent dwelling in little urban areas and towns with no right to gain entrance to fiscal establishments. Microfinance area in Pakistan began with an expectation to fiscally encourage the underprivileged, while imitating accomplishment of comparative foundations from different parts of the world. At first these establishments were for the most part supported by multilaterals and universal Ngos which were leading neediness destruction ventures inside the nation. In any case, as of late the division has developed into a more economical plan of action, performing comparative capacity to a business bank, while staying correct to its order of giving monetary aid to poor people. Nonetheless, these half and half establishments still remain exceptionally helpless to the changing nature's turf, because of the micro introduction of these foundations. Rivalry and security around microfinance banks has expanded inside the part, which is a hint of something better over the horizon for the whole segment however banks ought to keep tabs on infiltrating in the untapped markets instead of rivalry with one another in the saved money regions. Remote immediate financing in microfinance segment is likely and positive for the nation and it is trusted that it will bring innovative progression and advancement in administrations for the

The banking system is facing the challenges with stiff competition and advancement of technology, the services provided by banks have become more easy and convenient. The competitive character has been promoted by facilitating the entry of foreign banks. The country is flooded with foreign banks and their ATM stations. Efforts are being put to give a satisfactory service to customers. Phone banking and net banking are introduced. The entire system has become more convenient ad swift. Time is given more importance than money.

Janata Bank Limited is one of the biggest state owned commercial banks of the country. It’s a bank that was formed just after liberation of Bangladesh. Janata Bank Limited has already played significant role in banking sector. The bank has been ranked as a top class bank in the country through internationally accepted CAMEL rating. The bank has already occupied an desirable position among its competitors after achieving success in different areas of business.