Hbl Internship Report

Hbl Internship Report




6th Semester
Azad Jammu & Kashmir University
Department of Business Administration
Faculty of Administrative Sciences
University of Azad Jammu & Kashmir
A Report submitted in partial Fulfillments of the Requirements
For   The Degree Of
Bachelor In Business Administration

EVOLUTION OF BANKING
This history of banking is traced to as early as 2000 B.C. The priests in Greece
Used to keep money and valuables of the people in temples. The origin of banking is also
Traced to   early   goldsmiths.   They   used   to   keep   strong   safes   for   storing   the   money   and
Valuables of the people. The goldsmiths used to issue   receipts for the   money   and other
valuable   assets   deposited   with   them.   These receipts   could   be   used   for   settlement   of
Transactions because people had confidence in the   integrity and solvency of goldsmiths.
When it was found that these receipts were fully accepted in payment of debts; then the
receipts   were   drawn   in   such   a   way   that   it   entitled   any   holder   to   claim   the   specified
amount of money from goldsmiths. A depositor who is to make the payments may now
get   the   money   in   cash   from   goldsmiths   or   pay   over the   receipt   to   the   creditor.   These
receipts were the earlier bank notes. The second stage in the development of banking thus
was the issue of bank notes.
BANKING IN PAKISTAN:
I   observed   during   my   internship   was   that   I   came   to   known   the   historical
background   of   Banking   &   Financial sector   and   its   improvement   and   growth   since   the
formation of Pakistan.
At the time   of partition there were only   631 bank   branches   in area which came
under Pakistani   control. But due to blood shed   and   violence at   large   scale,   most   of   the
branches   were closed.   At   that time Bank of   India   was   acting as cent al   bank   for   both
countries and   same   currency   notes   were   used   in   both   territories.   But Reserve Bank   of
India was biased and Set down Pakistan on...

View Full Essay