CHAPTER I INTRODUCTION 1.1 Background Master’s in business administration (MBA) is a professional degree offered by business school which helps to gain a practical and deeper knowledge of business. Tribhuvan University is the best and oldest university in Nepal. School of management under the affiliation of Tribhuvan University offers this course. The core subjects offered during the two years course are finance, marketing, human resource and entrepreneurship. MBA helps to get refined knowledge about various areas of expertise. It helps in the overall development of a business graduate. It guides a person to become a better professional. Since practice makes man perfect. Internship provides a strong platform to enhance the professional side of a person. It is a chance to get to interact with professionals of field of interest, to learn the basic, to familiarize with the working environment and to learn the etiquettes of workplace. Internship is the on job training. It is an opportunity for undergraduate and graduate students. It provides real world experience to those looking to explore or gain the relevant knowledge and skills required to enter into a particular
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CHAPTER I
INTRODUCTION
1.1 Background
Master’s in business administration (MBA) is a professional degree offered by business
school which helps to gain a practical and deeper knowledge of business. Tribhuvan
University is the best and oldest university in Nepal. School of management under the
affiliation of Tribhuvan University offers this course. The core subjects offered during
the two years course are finance, marketing, human resource and entrepreneurship.
MBA helps to get refined knowledge about various areas of expertise. It helps in the
overall development of a business graduate. It guides a person to become a better
professional. Since practice makes man perfect. Internship provides a strong platform to
enhance the professional side of a person. It is a chance to get to interact with
professionals of field of interest, to learn the basic, to familiarize with the working
environment and to learn the etiquettes of workplace.
Internship is the on job training. It is an opportunity for undergraduate and graduate
students. It provides real world experience to those looking to explore or gain the relevant
knowledge and skills required to enter into a particular career field. The employer hires
the intern for a fixed period of time which could range from 1 month to one year. The
internship might or might not be paid internship.
The internship period is mandatory for third semester students at SOMTU and is to be
carried out for a duration of 10 weeks and the intern being a major in Finance had chosen
to do internship at Himalayan Bank Limited, Thamel Branch.
1.2 Objectives
to explore or gain the relevant knowledge and skills required in the banking sector
to explore and learn the basic of banking sector
to familiarize oneself with the work environment
to learn the work etiquette
to explore the operations carried out at HBL
to develop the interaction skill with the customers and seniors
CHAPTER II
COMPANY PROFILE
2.1 Introduction
Himalayan bank limited is one of the largest private banks of Nepal. Himalayan Bank
was established in 1993 in joint venture with Habib Bank Limited of Pakistan. In the
recent ratings, Bankers’ Almanac has rated Himalayan Bank Limited as country’s
number 1. The bank is also the biggest inward remittance handling Bank in Nepal. They
are leaders in the primary banking activities- Loans and Deposits. They are pioneers in
products such as Premium Savings Account, HBL Proprietary Card and Millionaire
Deposit Scheme and services like ATMs and Tele-banking.
‘Any Branch Banking Facility’ is being provided by the bank along with Internet
Banking and SMS Banking. HBL introduced several new products and services like
Millionaire Deposit Scheme, Small and Medium Enterprises Loan, Pre-paid Visa Card,
International Travel Quota Credit Card, Consumer Finance through Credit Card are some
of the products and services. The bank also has a dedicated offsite ‘Disaster Recovery
Management System’.
HBL has developed exclusive and proprietary online money transfer software-
HimalRemitTM. They have deputed their own staff with technical tie-ups with local
exchange houses and banks, in the Middle East and Gulf region.
The Bank’s Vision:
To become a Leading Bank of the country by providing premium products and services
to the customers, thus ensuring attractive and substantial returns to the stakeholders of the
Bank.
The Bank’s Mission:
To become preferred provider of quality financial services in the country. There are two
components in the mission of the Bank; Preferred Provider and Quality Financial
Services; HBL believes that the mission will be accomplished only by satisfying these
two important components with the Customer at focus. The Bank always strives
positioning itself in the hearts and minds of the customers.
The Bank’s Objective:
To become the Bank of first choice is the main objective of the Bank
2.2 Thamel branch
The thamel branch of Himalayan bank is situated in the Karmachari Sanchaya Kosh
Building, Tridevi Marg, Thamel. It is the biggest branch of Himalayan Bank Limited
which gives service to largest number of HBL customers. The Centralized Credit
Management Administratie Department and Trade Operation Centre is located at Thamel
Branch.
2.2.1. Departments
There are various departments at the bank. The various departments are:
Cash department
In this department, counters are available for deposits, cash withdrawal, cheque
to be cashed and payment of loan of Employees Provident Fund.
Bills and Remittance
In this department customers can collect money through himal remit, money gram
and domestic money transfer. Clearing work is also done in this department.
Fixed deposit accounts are opened in this department. Customers can collect their
salaries through salary account, pay college fees for universities abroad, collect
advice and deposit cheques of another bank which are to be cashed.
Customer Service Department
This department has four counters namely accounts opening/closing, card service,
bank statement and cheque.
Customer Relation Department
The relationship managers who are the communicator between the bank and the
clients who take loan from the bank work in this department.
Credit Management Administrative Department
The forms that are needed to be filled by the customers to get loan from the bank.
The security deposits to be kept in the bank. The offer letters for the loan is
provided by this department. The paper works of the loan are carried out in this
department. The documents of the clients are kept in locker and also a soft copy
of all the documents are saved as back up.
Trade Finance
The bank guarantees, letter of credits are made in this department. The documents
that are required to release goods from the customs are also collected from this
department.
Locker
2.2.2 Services
Deposit
The bank provides services to open various deposit account namely Call Deposit
Account, Fixed Deposit Account,Structured Term Deposit Account, 3 Years
Recurring Deposit Account, Savings Deposit like Normal Savings Account