Reporting on Foreign Exchange Operation in the Banking Industry of Bangladesh Two Selected Commercial Banks

Abstract

The objective of the study is to have a clear knowledge about the foreign exchange operation of these bank, to identify the gaps in knowledge about Foreign Exchange in Bangladesh and to find the way to overcome the problems in Foreign Exchange transactions of IFIC and MBL Bank Ltd.. Here, The Methodology is shortly Given Explanation, Primary and secondary sources in face to face conversation, Practical work exposure on different desks, Practical experiences of the Official activities. The internal and external sources are Bank annual report, Training sheet, Relevant Books, Journal, News paper, different newsletters. Major Findings on the Study, Lack of manpower, Technology not updated, Documentation system is not modern but L/C very complex to fill up. Major Recommendations are manpower increased of Foreign Exchange division, Create new marketing strategy, Increase total Import and Export Business, Recruitment and Selection employee must be graduate in MBA experiences. After all, IFIC and MBL banks increasing its reputation day by day through providing various short of innovative product and services. , IFIC and MBL banks customer services and management are also being enhanced. FDI department will be fully computerized soon.