Bank of Punjab

Abstract

I am a final year student of bachelor’s in business administration Program at Comsats University Islamabad, Lahore. This program includes theoretical courses as well as practical experience for its students. For practical experience university requires its student to go through an internship Program in final year so that students can gain on-field knowledge and experience regarding the corporate sector the students are about to enter after their degree. Bank of Punjab is a leading scheduled bank of Punjab Government. It has won numerous rewards until now and continues to excel in financial sector with its competence and leadership. Bank of Punjab gave an opportunity to gain experience and apply my knowledge at Raiwind Road Branch. I worked from 20th March 2023 till 03rd May 2023 at various departments of the bank and learnt about the inner workings of the bank. their market position and various challenges they face in their daily operations. In crux I learnt about the process which is meticulously followed to ensure the perfection a bank must portray to gain the trust of their customers. Bank of Punjab entrusted me with responsibilities and projects especially the ADCEP Project which is regarding the data enrichment of old accounts as guided by State Bank and I managed to perform as par to their standards. Banking is all about discipline and professionalism, which is meticulously enforced down to the last stamp and signature. Being a government bank, such oversight is not expected from a government body. Even though bank of Punjab is hugely different from the usual perspective, but cracks do appear somewhere, and the leadership must be vigilant to preserve corporate culture and ethos. The bank is fully commercial institution and has a special relationship with the government which it can leverage to gain substantial market share. However close observations show that bank does not offer a wide portfolio of products to its consumers which it has the potential to offer.