8/9/2019 Grand Bank Limited

1/12

An Internship Re

Letter of Cred

Grand Bank NLimit

Sande

MBAeRoll N

&' Reistration No( !"#

,ate( -.to

8/9/2019 Grand Bank Limited

2/12

INTR-,'CTI-N

Internship Details

Company: Grand Bank Limited

Address: Kamaladi, Kathandu

Department: International Trade Department (LC Departme

!uper"isor: #r$ Amit !in%h Basnet (Deputy #ana%er, &'D

orkin% Duration: )une *+ *-. /Au%ust *+ *-.

ork &our: -:am to 0:1pm (2$0 hours a day

8/9/2019 Grand Bank Limited

3/12

-/2e.ti3e of Internship

To understand the o"erall 3un4tionin% o3 the bank in the InternatLC department$

To de"elop interpersonal skills and problem handlin% te4hni6ues

To apply the theories learned throu%h ri%orous 4lassroom e7er4is

pro3essional settin%s$ To prepare to %room onesel3 3or 8orkin% in a pro3essional settin%

3uture by understandin% the or%ani9ational 4ulture$

To 4ondu4t a resear4h 3or enri4hin% the learnin% e7perien4es obtthe internship pro%ram aimed to understand about letter o3 4red

8/9/2019 Grand Bank Limited

4/12

International Trade 4 LC,epartment

Grand Bank ;epal Limited has been 3a4ilitatin% Trade astra Bank li4ensed Bank 3rom *0th #ay *

Grand Bank ;epal o@ers import 3a4ilities su4h as establis

Letter o3 Credit, >enan4in% o3 %oods under import throu%lines o3 4redit 3a4ilities, Trust >e4eipt Loan and other shor

Grand Bank ;epal also o@ers import 3a4ilities su4h Ad"is7port Letter o3 Credit, 7port

8/9/2019 Grand Bank Limited

5/12

Letter -f Credit

A letter of .reditis a do4ument issued assurin% payseller o3 %oods or ser"i4es pro"ided 4ertain do4umentbeen presented to the bank$

The letter o3 4redit ser"es as a %uarantee to the sellebe paid re%ardless o3 8hether the buyer ultimately 3ai

Letter o3 Credit is abbre"iated as an LC and o3ten is reas a do.umentar5 .redit

8/9/2019 Grand Bank Limited

6/12

8/9/2019 Grand Bank Limited

7/12

A.ti3ities &erformed In L

,epartment LC issuan4e

LC amendment

;>B reportin%

!4rutini9in% do4uments

!ettlements

8/9/2019 Grand Bank Limited

8/12

Learnin from a.ti3ities

LC Issuan4e, amendments and 3ollo8 ups re%ardin% the matter$

>eportin% L54 issuan4e5amends5payments to nepal rastra bank an4ustoms o4e$

!4rutini9in% import letter o3 4redit do4uments$

!ettlement o3 letter o3 4redit, t5r loans and dap$

nderstandin% o3 'r%ani9ational Culture$

nderstandin% o3 the o"erall 3un4tionin% o3 the bank in the InternLC department$

nderstandin% o3 CP (ni3orm Custom Pra4ti4e

8/9/2019 Grand Bank Limited

9/12

&roram 6orkpla.e Relation

International Business( !tudy topi4s su4h as import and e7port, l4redit, in4oterms et4$ that 8as tau%ht in International business 8erein 8orkEo8 at LC department$

7uman Resour.e Manaement( &uman resour4e mana%ement (me that people are not Fust the resour4es to an or%ani9ation$ They a

to the or%ani9ation and this 8as obser"ed in Grand Bank ;epal Lim -rani8ational Beha3ior( 'r%ani9ational Beha"ior ('B tau%ht m

indi"iduals and %roup a4t in an or%ani9ation$ 'B helped me in learno"erall 4ulture o3 GB;L and their norms, "alue, or%ani9ational politi8orkin% en"ironment$

8/9/2019 Grand Bank Limited

10/12

&roram 6orkpla.e Relation

Manaerial Communi.ation( #ana%erial 4ommuni4ame understand importan4e o3 proper 4ommuni4ation inor%ani9ation$ And helped me deal 8ith di@erent types a

people 8orkin% in an or%ani9ation durin% my internship Manaement Information S5stem( $#ana%ement in

system are typi4ally 4omputer systems used 3or mana%that 8ere tau%ht in #I! 8ere mostly rele"ant in GB;L$

8/9/2019 Grand Bank Limited

11/12

Con.lusion

Better understandin% o3 Letter o3 4redit and internatrade$

nderstandin% o3 the o"erall bankin% a4ti"ities$

nderstandin% o3 'r%ani9ational 4ulture$

ork ethi4s and Conden4e$

8/9/2019 Grand Bank Limited

12/12

T&A;K '