Askari Bank Case Study

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Contribution of organization toward economic development Economical Amongst the various factors that have contributed towards Askari Bank’s success, the most significant has been its association with the Fauji Group, that has enabled a strong governance culture, clear strategic direction and much needed capacity for growth and expansion. Now the challenge is to optimize on the Bank’s achievements, analyse the risks and opportunities vis-à-vis Askari Bank’s positioning, and aim for the best in class service and sustained value for our sponsors and other stakeholders in the journey ahead. We place technology at the forefront of our operations, with enhanced network outreach and service delivery through electronic channels and the initiation…show more content…
Secondly account is responsible for budgeting and also record daily expense incurred by the bank Account department work as a backbone of the organization this department directly report the operational manager and vice president preparing the bank’s annual accounts and coordinating external audit also a direct function of the finance division Clearing and Remittance Department Clearing defined as a system by which bank exchange cheques and other negotiable instruments drown on each other within a specific area and thereby secure payment for their client through the clearing house at specific time in an efficient way. It is a place where representatives of all banks sit together and interchange their claims against each other with the help of controlling staff of State Bank of Pakistan and where there is no branch of State Bank of Pakistan the designated branch of National Bank of Pakistan act as controlling member instead of State Bank of Pakistan. The functions of remittance department are to handle with the following…show more content…
Secondly account is responsible for budgeting and also record daily expense incurred by the bank Account department work as a backbone of the organization this department directly report the operational manager and vice president preparing the bank’s annual accounts and coordinating external audit also a direct function of the finance division. Comments on the organizational structure The organizational structure of Askari Bank Baghbanpura Lahore portrays that the tasks are assigned to different sections to let them know to whom they report to. The structure consists of: • Span of administration The number of subordinates in an administration to be handled efficiently and effectively is called span of administration. It reflects the overall objectives of the organization. The hierarchy of Askari Bank Limited Baghbanpura branch Lahore, have both flat and tall span of administration. Manager is responsible to the top position. • Unity of
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  • Askari Bank Case Study Solution

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    Order Cheques: In this case, the cheque amount is paid only to that person whose name is mentioned at the cheque. Crossed Cheque: In this case, the amount of this cheque is not paid at counter to the customer. Rather amount of this cheque is transferred to the person’s account whose name is specified on the cheque. Two parallel lines lying across in a crosswise direction lines are drawn across the face of the cheque to devote cross cheque tag. 5.4.4.7 Operations Department: Survival and success of

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