Monday, March 21, 2016

General Banking Activities of Janata Bank Ltd. / Dhaka

    1.1. Introduction of the Report

 Banking has a long and rich history. It started as a result of people’s need. And with ages it has been playing an important role in fulfilling the dire needs of businessmen and others. As the size and complexities of business is increasing day by day banking sector is also providing various innovative services with basic functions to increase size but to reduce the complexities.

Modern banking is a result of evolution driven by changing economic activities and life styles. Entering in to a new millennium, banking needs have become more diverse and exotic than ever before. It is known now that commercial bank is a profit maximizing institution. Hence it should provide loans to those sectors in which its return is higher. But the nationalized commercial banks are conducting banking business with different purposes. The main purpose is not just to make profit but also to maximize the social benefit. Commercial banks provide a variety of other services to their customers as for example remittance facilities, credit information about customers, financial advice, collection of debts and dues etc. Banks also provide a number of trust services to their customers. These services may either corporate trust services, which arise in connection with the issue of bonds; personal trust services under which they manage property on behave of their clients or corporate pension funds that provide retirement benefit for their employees.

After the completion of four-years and twelve semesters academic BBA program I, Md. Toslim Hossain, student of BRAC University, Bangladesh was placed in Janata Bank Bangladesh Limited for the Internship Program. As a requirement for the completion of the program I need to submit a report, which includes “General Banking Activities of Janata

Bank Ltd.”

                                            An Overview of Janata Bank Ltd
  Beginning of Banking in Bangladesh
 After independence the Government of Peoples Republic of Bangladesh was formally to cover the charge of the administration of the territory now constitute Bangladesh. In an attempt to rehabilitate the war-devastated banking of Bangladesh, the government promulgated a law called Bangladesh Bank (temporary) order, 1971 (Acting President’s Order No.2 of 1971). By this order, the State Bank of Pakistan was declared to be deemed as offices, branches and assets of Bangladesh Bank. On that date there existed 14 scheduled banks with about 3042 branches all over the country.

On the 16th December, 1971, there existed the following 12 banks in Bangladesh, namely:-

  1. National Bank of Pakistan

  1. Bank of Bahwalpur Ltd

  1. Premier Bank Ltd.

4.      Habib Bank Ltd.

5.      Commerce Bank Ltd.

6.      United Bank Ltd.

7.      Union Bank Ltd.

8.      Muslim Commercial Bank Ltd.
9.      Standard Bank Ltd.

10.  Australasia Bank Ltd.

11.  Eastern Mercantile Bank Ltd.

12.  Eastern Banking Corporation Ltd.

Nationalization of Banks in Bangladesh
 Immediately after the liberation war in 1971, Government of Bangladesh consolidated banks authority and decided to adopt socialist pattern of society as its goal. Hence in order to implement the above mentioned state policy; the Government of Bangladesh decides to nationalize all the banks of the country accordingly on the 26th March, 1972, Bangladesh Banks (Nationalization) Order, 1972(President order No. 26 of 1972) was promulgated.

The undertakings of existing banks specified in the 1st column of the table below stands transferred to and vested in, the new banks mentioned in the 2nd column of the said table:
Profile of JBL

  Janata Bank, one of the largest commercial bank in the country, was established under Bangladesh Bank (Nationalization) Order 1972 (Presidency Order of 1972). By taking over branches of former United Bank Limited and Union Bank Limited, were two private banks performing class banking over the country. After the birth of Bangladesh on 16th December 1971, newly formed Janata Bank for mass banking got special facilities from the government to work as nationalized commercial bank all over the country. With the increase of responsibility and by virtue of performance within a few years, it becomes the largest commercial bank of the country with 906 branches including 4 overseas branches at United Arab Emirates. It is linked with 1239 foreign correspondents all over the world. Total employees of JBL are more than 14 thousands (14,244). Its head office located at Janata Bhaban at Motijheel C/A, the heart of the capital city, Dhaka.


In 15 November, 2007 Janata Bank got registered with the Joint Stock of Registrars and restructured it as a public limited company with the name Janata Bank Limited.

Corporate Information
Name of the Company                       : Janata Bank Limited

CEO & Managing Director                 : Md. Abdus Salam

Legal Status                                      : Public Limited Company

Registered Office                               : Janata bhaban 110, Motijheel Commercial

    Area, Dhaka, Bangladesh

Deposit (31.12.3013)                          : Tk. 4, 73,989 million

Authorized Capital (31.12.2014)           : Tk. 30,000 million

Paid up Capital (31.12.2014)                : Tk. 19,140 million

Operating Profit (31.12.2014)              : Tk. 10,683 million

Reserve                                             : Tk.8202.00 million
Total asset                                         : Tk. 282423.00 million (as on 30th Nov 2009)

Number of Branches                          : 906 br. including 4 overseas branches at U.A.E

Subsidiary Companies                        : 1. Janata Capital and Investment Company Ltd.

2. Janata Exchange Company SRL, Italy

Phone Number                                  : 9551337, 9565384, 9567675, 9560000, 9560027-30

SWIFT                                             : JANB BD DH

Website                                            :

Recently The Bank has been recognized internationally and domestically for its good performance. Few of these recognitions are given below:

Awards and Achievements

   Best Presented Annual Report Awards and SAARC Anniversary Awards for Corporate Governance Disclosers 2013

The awarding ceremony was held on 4th December 2014 at hotel Mayfair, Bhubaneswar, India. Dr. Prodip Kumar Panigrahi, minister of State, Higher Education, Science and Technology Ministry of Udisha, India, handing over South Asian Federation of Accountants (SAFA) award to Md. Mosaddake-Ul-Alam, company secretary of Janata Bank Ltd.

14th ICAB National Award for Best Presented Annual Reports 2013

The Institute of Chartered Accountants of Bangladesh (ICAB) awarded Janata Bank Limited with the ICAB National Awards for best presented annual reports in 2013 and in the category of public-sector bank Janata Bank Limited secured first position. In the category of corporate governance disclosure, Janata Bank Limited was awarded second position by the same institution.

ICMAB Best Corporate Award

This Bank secured the first position among the state owned Commercial Banks in Bangladesh. The Institute of Cost and Management Accountants, Bangladesh (ICMAB) recognized the achievements of Janata Bank Limited with the following awards:

ICMAB Best Corporate Award 2014

ICMAB Best Corporate Award 2012

ICMAB Best Corporate Award 2011

  Janata Bank is the largest commercial bank of the country. It has 906 branches throughout the country and abroad to serve the nation. There are 4 overseas branches at U.A.E. The Head Office of the bank is located at Janata bhaban 110 Motijheel C/A, Dhaka. It has 15 GM, 77 DGM 192 AGM, 576 First AGM, 1037 SEO, 3085 EO and 460 AEO. Principal Offices are headed by First AGM and each department is headed by AGM.

Board of Directors

Board of Directors, constituted by 13 (Thirteen) members, has authority to organize, operate and manage its affairs on commercial consideration within the Board Policy of government. The Directors are representatives from both public and private sectors. Members of the Board including M.D are government appointed out of that at least three have the experience in the field of Finance, Banking, Trade, Commerce, Industry and Agriculture. The managing director is the chief Executive of Bank. The Board of Directors is composed of 13 (Thirteen) members headed by a Chairman. The name and position of directors are as under.

Chairman of the Board of Directors

Shaikh Md. Wahid-uz-Zaman

Members of the Board of Directors

Dr. Jamaluddin Ahmed, FCA

Mr. Md. Emdadul Hoque

Mr. Nagibul Islam Dipu
Dr. R M Debnath

Syed Bazlul Karim, B.P.M.
Prof. Mohammad Moinuddin

Mr. Md. Abu Naser
Mrs. Sangita Ahmed
Prof. Dr. Nitai Chandra Nag

Mr. A.K.M Kamrul Islam, FCA
Mr. Md. Mahabubur Rahman Hiron

Mr. Md. Abdus Salam, CEO & Managing Director

  To become the effective largest commercial bank in Bangladesh to support socio-economic development of the country and to be a leading bank in South Asia.
 Janata Bank Limited will be an effective commercial bank by maintaining a stable growth strategy, delivering high quality financial products, providing excellent customer service through an experienced management team and ensuring good corporate governance in every step of banking network.


 The objectives for which the bank is established as follows:
  •  To carry on, transact, undertake and conduct the business of banking in all branches.  
  • Full implementation and utilization of the Bank’s excellence program which aims to provide services to customers.
  • To carry on business as financiers, promoters, capitalists, financial and monitory agents, concessionaires and brokers, dealing in exchange, securities and all kinds of mercantile banking etc.

 Products and Services offered by JBL

 Personalized Service
 Janata Bank Limited extends all the major personal banking facilities and services to its customers with its skilled manpower and largest network of around 906 branches covering all the urban and remote rural areas of Bangladesh.
Janata Bank Ltd. provides Local and Foreign Remittance in the quickest possible time. Foreign Remittance is available in both T.C and taka draft.

1. Transfer of fund from one branch to another by

Demand Draft
saving A/C
Mail Transfer
Telegraphic Transfer
Trade Finance

2.      Transfer of fund on Standing Instruction Agreement

3.      Collection of cheques through clearing house.

4.      Issuance of payment order.

5.      Locker facilities for safe keeping of valuable.

6.      Corporate client services with computerized systems at selective branches.

Deposit schemes section

Bank is the largest organization of mobilizing surplus domestic savings. For poverty alleviation, we need self-employment, for self-employment we need investment and for investment we need savings. In the other words, savings help capital formations and the capital formations help investments in the country. The investment in its turn helps industrialization leading towards creation of wealth of the country. And the wealth finally takes the country on road to progress and prosperity. As such, savings is considered the very basis of prosperity of the country. The more the growth of savings, the more will be the prosperity of the nation.


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