The Correspondent Banking Business of Financial Institution Department of Standard Chartered Bank

Abstract

Standard Chartered bank has a history of more than 150 years and it is well established in growth markets and aims to be the right partner for its customers. As the part of my internship requirement I had chance to drill with their various banking services. This report is a dustered format of Standard Chartered Bank's innovative Financial Institutions Department oriented products. In the report entitled "The Correspondent Banking Business of Financial Institutions Department of Standard Chartered Bank"- have tried exclusively to emphasize on SCB's Financial institutions Department elaborately. This report is divided into ten major parts. In the first part, there is overall presentation of report origin, objective, scope, and methodology, limitations that I faced in preparing the report. In the second part, there is the pre-history of SCB, historical background of Standard Bank and the Chartered Bank are take place. In the third part of the report I focused on the SCB in Bangladesh. How many branches it has at this country, the historical background of those banks which SCB acquire are explained here. This part is also contain the mission, value, strategic intend, band promise and commitment to stockholders. Fourth part of the report consists of analysis of financial ratios and growth of performance parameters of Standard Chartered Bank I have tried to bring out year wise growth trend of assets, loans and advances and deposits under. In the fifth part, there is a detailed focus on the Financial Institution Department (FID) of SCB, its nature, establishment of new correspondent relationship, organogram, as well as the detailed descriptions of its products.