A Comprehensive Study on Foreign Exchange Operations of Social Investment Bank Limited

Abstract

Commercial banks in Bangladesh economy are to face an increasing competition for their business in coming days, like any other emerging market economies. Their business is no longer remaining easy as they earlier. The real change in the banking business has started to come with the government's decision to allow the business in the private sector in the middle of the Eighty's. This report is an effort to reflect a clear idea about the strategies, activities, and performance of Social Investment Bank Ltd. regarding foreign trade or Foreign Exchange Business. In this report I tried to find out all sorts of practical dealings that are conducted in case of handling various type of banking activities in each department, specially foreign exchange department, the theoretical aspects, that is what should be the procedures and requirements maintained from first to last, and actual practices as well as the ultimate gain for the bank in conducting financial activities are mainly discussed. The Foreign Exchange department is the vital part for financial intuitions. Values are established for commodities and manufactured goods imported or exported among countries by the means. So it is very important to have an effective and sound management system in foreign exchange business for performing International trade. As a business studies student it is necessary for me to have vast acquaintance regarding foreign trade and I wanted to be acquainted with the whole procedure of foreign trade. This report is an attempt to reflect the position of Social Investment Bank Ltd in the banking industry of the country in respect of its activities in the arena of Foreign Exchange business.