Internship Report

On
Recruitment and Selection Process
Of
Exim Bank Limited.

Supervisor:
Dr. Md. Nazmul Karim Chowdhury
Professor
Department of Management Studies
University of Dhaka
Dhaka-1000

Prepared By
Md. Mijanur Rahman
Roll No #17
Serial No #53
Stream: Human Resource Management
Department of Management Studies
University of Dhaka
Dhaka-1000

Date of Submission October20, 2008

Letter of Transmittal
October20, 2008
To

Dr. Md. Nazmul Karim Chowdhury

Professor
Department of Management studies
University of Dhaka
Dhaka-1000
Subject: Submission of internship report Recruitment and Selection process of
Exim Bank Limited
Sir,
With due respect and humble submission to state that I am Md. Mijanur Rahman is
submitting my internship report on Recruitment and Selection process of Exim
Bank Ltd for your kind consideration and evaluation as a part of requirement in
completing MBA program. This internship report contains general information about
Exim Bank and its recruitment and selection process. To submit this report I believe, I
have tried my best to gather information from subjected organization.
For your kind consideration, I would like to mention that there might be some mistake
due to the limitation of my knowledge and time constraint. I expect that you will
forgive me considering that I am still learning and in the process of learning.
Sincerely yours,
.
Md. Mijanur Rahman
Roll No # 17
Serial No # 53
Stream: Human Resource Management
Department of Management studies
University of Dhaka,
Dhaka-1000

Preface

Practical orientation is greatly differing from theoretical knowledge through its

operation complexity and implementation. To justify the theoretical knowledge,
practical orientation has great importance. Internship program is a great opportunity to
justify the theoretical knowledge in respect to the practical world. So it is timely
decision for Department Management studies to introduce this type of Internship
program for the students of MBA for better understanding and orientation with the
practical job environment.

The internship program basically is an opportunity to minimize the gap between

theoretical and practical knowledge. As MBA students, it was my great privilege to be
in touch with the organization as Exim Bank Limited Ltd, which is undoubtedly the
most efficient and best performing banking institution in our country. In this report I
have tried my best to make the study successful for which I have been assigned. I
confess there might be some mistakes, some adolescent efforts. It will drive happiness
if I find my whole efforts serve, at least, to some extent for which it has been
prepared.
..
Md. Mijanur Rahman
Roll No # 17
Serial No # 53
Stream: Human Resource Management
Department of Management studies
University of Dhaka,
.

Acknowledgement

Undoubtedly all praise to Allah. So, first of all, I express my deep gratitude to the
almighty Allah who created and nurture us in this transitory world. I also have to put
my heartfelt respect and gratitude for the kindness and cooperation that was provided
to me to complete my assigned report on the topic of Recruitment and Selection
process of Exim Bank Limited. In preparing my report I have taken great assistance
and support from some persons and organization .I would like to express my gratitude
and heartfelt thanks to all them who supervised me and give guidance throughout the
study.
I express my sincere gratitude to respected teacher Professor Dr. Md. Nazmul Karim
Chowdhury who guided supervised me during the study. I would like to thank all the
faculty members of Exim Bank Limited Ltd especially to Md. Zakaria Faruq , Senior
Vice President & Manager of Nawabpur branch, Asraful Haque , Senoir Principal
Officer, General Banking In charge & Second Officer of Nawabpur branch, Idris Ali
, Foreign exchange in charge , Executive Officer and Roquibul Hasan, Investment In
charge Executive Officer who gave me necessary information and excellent guidance
to prepare this internship report
Last of all I would like to express my thanks to the authors, researchers, article writers
and friends who helped me in every stage of the report by providing valuable
information and suggestion in respect of preparing this report.
.
Md.Mijanur Rahman.

Table of Contents
Topic
Letter of Transmittal
Preface
Acknowledgement
Table of contents
Executive summary
Chapter-One (Introduction)
1.1 Statement of the report
1.2 Scope of the report
1.3 Objectives of the report
1.4 Methodology of the report
1.5 Limitation of the report
Chapter- Two (Banking Sector in Bangladesh)
2.1 Introduction
2.2 Banking Sector in Bangladesh
2.3 Number and Types of Bank
2.4 Bangladesh Bank
2.5 Services of Banking Sector
2.6 Monetary and Credit Policy
2.7 Conclusion
Chapter- Three (Islami Banking)
3.1 Definition and Concept of Islami Bank
3.2 History and Growing of Islami Banking
3.3 Salient Features of Islamic Banks
3.4 Basic Objective of Islamic Banks
Chapter Four (Exim Bank Limited)
4.1 Introduction
4.2 Historical Background
4.3 Mission
4.4 Vision
4.5 Management

4.6 Features of Bank

4.7 Functions of Exim Bank
4.9 Capital of the Bank
4.10 Performance Evaluation
4.11 Conclusion
Chapter Five (Recruitment and Selection Process of Exim Bank)
5.1 Introduction
5.2 Recruitment
5.3 Selection
5.4 Recruitment and Selection Process
5.5 Recruitment and Selection Process of Exim Bank
5.6 Requisition
5.7 Published Job Advertisement
5.8 Arrangement of Written Test
5.9 Arrangement of Viva Voce
5.10 Issue of Appointment Letter
5.11 Joining Report
5.12 Conclusion
Chapter Six (Finding and Analysis)
Chapter Seven (Recommendation and Conclusion)
7.1 Recommendation
7.2 Conclusion
Bibliography
Appendix

Executive Summary
The Internship report is prepared as requirement of MBA program of Department of
Management studies, Stream: Human Resource Management, University of Dhaka.
This report focuses on 90 days working experiences in Nawabpur Road branch,
Export Import Bank of Bangladesh Limited.
This report attempts to find out the process of Recruitment and Selection in Export
Import Bank of Bangladesh Limited. In this report I tried at my best to find out the
real scenario of the Recruitment and Selection in Export Import Bank of Bangladesh
Limited. Recruitment and Selection are the most important task of any organization to
attract potential employees.
This report gives detail about recruitment and selection in Export Import Bank of
Bangladesh Limited, what recruitments needed for getting jobs in this organization
and sub procedures of recruitment and selection process.
In Export Import Bank of Bangladesh Limited, recruitment and selection procedures
include these steps (Requisition, Published Job Advertisement, Arrangement of
Written Test, Arrangement of Viva Voce, and Issue of Appointment Letter& Joining
Report)
I have listed out this report, Banking Sector in Bangladesh, Islami Banking, Details
about Exim Bank Limited, Recruitment and Selection Process of Exim Bank, Finding
and Analysis and then recommend some point for improving recruitment and
selection process of this organization and concluding remark about the recruitment
and selection.
I wish a great success of Exim Bank Bangladesh Limited in the banking sector in the
Bangladesh through their talented people which they attracted though their systematic
recruitment and selection procedures.

Chapter- One

Introduction

1.1 Statement of the study:

Establishing the recruitment and selection procedure is the very critical tasks of any
organization either national or multinational organization in the age of globalization. I
select and write a topic Recruitment and Selection process of Exim Bank limited. I
have selected this topic because recruitment and selection is the very important tasks
of any organization specially that are engaged in service organization. This internship
report is concentrated on identifying the recruitment and selection process of Export
Import Bank of Bangladesh limited I am tried to find out the actual procedure of
recruitment and selection process of Exim Bank Limited and their interview system,
time duration of final selection and analysis of the process and problem of the
procedure.
1.2 Scope of the study:
The scope of the study is in the organization of Export Import Bank of Bangladesh
limited and specially Recruitment and Selection process which is focused area of
internship report. As an interesting topic I fell eagerness to work in this organization.
Mainly I worked in this function because its an important part of Human Resource
Department of Export Import Bank of Bangladesh limited. I had a great opportunity to
learn a lot about recruitment and selection process of Export Import Bank of
Bangladesh limited .This internship report working will help me at my practical life.
1.3 Objectives of the study:
The objective of the report is to fulfill the requirement for the fulfillment of MBA
program as well as practical knowledge about recruitment and selection procedures.
Also the objective of the study is to increase my ability to understand recruitment and
selection.
Specific objectives of this study are as
To familiar with Exim Bank Limited

 To access my level of knowledge

To find out the who are who are the most potential employees of Exim Bank
Limited
To acquire knowledge about recruitment and selection
To know what requirements needed for getting job in Exim Bank Limited to
find out lack age of information in their procedure of recruitment and
selection.
To build my career as a potential human resource manager.
To find out the critical steps of the recruitment and selection process of Exim
Bank Limited
To identify the problem of procedures.
To recommendation that may be necessary to redesign the recruitment and
selection process of Exim Bank Limited.
1.4 Methodology of the study:
To conduct the study various methods technique and tools are used. The necessary
data were collected from both primary and secondary sources. Mainly I used
secondary data to prepare the report
Secondary sources are Annual report of Exim Bank Limited
Audit reports.
Website pages.
Relevant books.
Research papers, journal and newspaper.
Internet and various studies selected topic.
Exim Bank Limited general regulations
Prospectus and hand out of Exim Bank Limited.
Also I have collect primary data through face to face conversation with the respective
officer of Exim Bank Limited in Bangladesh.

1.5 Limitation of the study:

The main limitation of the report is to find out the true picture of recruitment and
selection process in Export Import Bank of Bangladesh limited because real
information is not available. From the beginning to end, the report has been conducted
with the intention of making it as complete and truthful one. However many problems
appeared in the way of conducting the report. During the study it was not possible to
visit the whole area. The study considers following limitations
The time period for this report was short.
Lack of experiences.
Lack of in-depth knowledge and analytical ability for writing
such report.
All of the concerned personnel of the organization have not
interviewed.
The insufficiency of information is the main constraint of the
report moreover; personnel are not interested to provide all
information due to securities and other regulations.

Chapter- Two

Banking Sector in Bangladesh

2.1 Introduction:
Financial structure primarily depends on the level of economic and social
development of a particular country. Its involve through a historical process along
with the level of development different kinds of financial institution grow and develop
to meet different kinds of needs of economic and social development . The word bank
was probably derived from the word 'bench' as during ancient time Jews used to do
money -lending business sitting on long benches. First modern banking was
introduced in 1668 in Stockholm as 'Svingss Pis Bank' which opened up a new era of
banking activities throughout the European Mainland.In the South Asian region, early
banking system was introduced by the Afghan traders popularly known as
Kabuliwallas. Muslim businessmen from Kabul, Afghanistan came to India and
started money lending business in exchange of interest sometime in 1312 A.D. They
were known as 'Kabuliwallas'.

2.2 Banking Sector in Bangladesh:

When Bangladesh was fully liberate on December 16, 1971 the banking sector was a
very small one. It contains of only about 1100 branches with a total deposit of about
TK 300 cores only. The Government of Peoples Republic of Bangladesh took over
the assets liabilities of all the branches of Pakistan owned banks operating in
Bangladesh and two banks owned by the Bengalese. On nationalization, the position
was as follows:
List of owned banks of Government after 1971

Before Nationalization in 1971

National Bank of Pakistan

Nationalized Banks
Sonali Bank

Bank of Bhawalpur Ltd

Permier Bank Ltd
Habib Bank Ltd
Agrani Bank
Commercial Bank Ltd

United Bank Ltd

Janata Bank
Union Bank Ltd
Muslim Bank Ltd
Rupali Bank
Standard Bank Ltd
Australia Bank Ltd
Eastern Mercantile Bank Ltd

Pubali Bank

Eastern Banking Corporation

Uttara Bank

It will appear from the above information that banking in independent Bangladesh
started with only 06 nationalized commercial banks. In the subsequent years
following independence, however number of banks has substantially increased. As of
today (2000-2001) number of commercial banks stands at 4 including 4 Islamic banks
and 13 foreign banks in 2000-2001, in addition to these 46 commercial banks, there
are 09 specialized banks including 03 agricultural banks and 01 cooperative bank. In
total more than 6150 branches were in operation having more than TK 81000 cores of
deposits during 2000-2001.

2.3 Number and Types of Bank

The number of banks in all now stands at 49 in Bangladesh. Out of the 49 banks, four
are Nationalized Commercial Banks (NCBs), 28 local private commercial banks, 12
foreign banks and the rest five are Development Financial Institutions (DFIs).Sonali
Bank is the largest among the NCBs while Pubali is leading in the private ones.
Among the 12 foreign banks, Standard Chartered has become the largest in the
country. Besides the scheduled banks, Samabai (Cooperative) Bank, Ansar-VDP
Bank, Karmasansthan (Employment) Bank and Grameen bank are functioning in the
financial sector. The number of total branches of all scheduled banks is 6,038 as of
June 2000. Of the branches, 39.95 per cent (2,412) are located in the urban areas and
60.05 per cent (3,626) in the rural areas. Of the branches NCBs hold 3,616, private
commercial banks 1,214, foreign banks 31 and specialized banks 1,177.Bangladesh
Bank (BB) regulates and supervises the activities of all banks. The BB is now
carrying out a reform program to ensure quality services by the banks.

2.4 Bangladesh Bank:

Bangladesh Bank (BB) has been working as the central bank since the country's
independence. Its prime jobs include issuing of currency, maintaining foreign
exchange reserve and providing transaction facilities of all public monetary matters.
BB is also Bangladesh Bank (BB) has been working as the central bank since the
country's independence. Its prime jobs include issuing of currency, maintaining
foreign exchange reserve and providing transaction facilities of all public monetary
matters. BB is also responsible for planning the government's monetary policy and
implementing it thereby. The BB has a governing body comprising of nine members
with the Governor as its chief. Apart from the head office in Dhaka, it has nine more
branches, of which two in Dhaka and one each in Chittagong, Rajshahi, Khulna,
Bogra, Sylhet, Rangpur and Barisal.

2.5 Services of Banking Sector:

Current Account:
Generally this sort of account opens for business purpose. Customers can withdraw
money once or more against their deposit. No interest can be paid to the customers in
this account. If the amount of deposit is below taka 1,000 on an average the bank has
authority to cut taka 50 from each account as incidental charge after every six months.
Against this account loan facility can be ensured. Usually one can open this account
with taka 500. One can open this sort of account through cash or check/bill. All the
banks follow almost the same rules for opening current account.
Savings Bank Account:
Usually customers open this sort of account at a low interest for only security. This is
also an initiative to create people's savings tendency. Generally, this account is to be
opened at taka 100. Interest is to be paid in June and December after every six
months. If money is withdrawn twice a week or more than taka 10,000 is withdrawn

(if 25% more compared to total deposit) then interest is not paid. This account
guarantees loan. Almost all the banks follow the same rules in the field of savings
account, except foreign banks for varying deposit. On an average, all the banks give
around six percent interest.
Internet Banking
Customers need an Internet access service. As an Internet Banking customer, he will
be given a specific user ID and a confident password. The customer can then view his
account balances online. It is the industry-standard methods used to protect.
Communications over the Internet.To ensure that customers' personal data cannot be
accessed by anyone but them; all reporting information has been secured using
Version and Secure Sockets Layer (SSL).
Home Banking:
Home banking frees customers of visiting branches and most transactions will be
automated to enable them to check their account activities transfer fund and to open
L/C sitting in their own desk with the help of a PC and a telephone.
Electronic Banking services for Windows:
Electronic Banking Service for Windows (EBSW) provides a full range of reporting
capabilities, and a comprehensive range of transaction initiation options.
The customers will be able to process all payments as well as initiate L/Cs and
amendments, through EBSW. They will be able to view the balances of all accounts,
whether with Standard Chartered or with any other banks using SWIFT. Additionally,
transactions may be approved by remote authorization even if the approver is out of
station.
Automated Teller Machine (ATM):
Automated Teller Machine (ATM), a new concept in modern banking, has already
been introduced to facilitate subscribers 24 hour cash access through a plastic card.
The network of ATM installations will be adequately extended to enable customers to
non-branch banking beyond banking.

Tale Banking:
Tele Banking allows customers to get access into their respective banking information
24 hours a day. Subscribers can update themselves by making a phone call. They can
transfer any amount of deposit to other accounts irrespective of location either from
home or office.
SWIFT:
Swift is a Bank owned non-profit co-operative based in Belgium servicing the
financial community worldwide. It ensures secure messaging having a global reach of
6,495 Banks and Financial Institutions in 178 countries, 24 hours a day. SWIFT
global network carries an average 4 million message daily and estimated average
value of payment messages is USD 2 trillion. Swift is a highly secured messaging
network enables Banks to send and receive Fund Transfer, L/C related and other free
format messages to and from any banks active in the network. Having SWIFT facility,
Bank will be able to serve its customers more profitable by providing L/C, Payment
and other messages efficiently and with utmost security. Especially it will be of great
help for our clients dealing with Imports, Exports and Remittances etc.

2.6 Monetary and Credit Policy:

The monetary and credit policy for the financial year that ended in June, 2000 was
formulated with the objective of full utilization of domestic resources and rapid
economic growth through priorities for agriculture, industry, export, and expansion
and strengthening of the private sector, at the same time keeping inflation within
tolerable limits. A modern expansionary monetary and credit policy was adopted in
order to make good the losses to agriculture, industry, and infrastructure by the
devastating floods of 1998. After the flood the economy remained sluggish in the first
quarter of 1999-2000 and the private sector demand for credit shrank. In view of this,
the Annual Development Program (ADP) was expanded and development activities in
the private sector were geared up. As a result, the public sector absorbed credit at an
accelerated rate. Though credit to the private sector picked up towards the end of the
year, the overall annual growth was smaller than programmed, although gross
domestic credit expanded a little faster than projected. Money supply increased by
15.3% in 1999-2000 compared to the expansion of 8.6% in the preceding year.

Narrow Money:
Narrow Money increased by Tk. 2,631.90 crores or 15.3% to Tk.19881.30 crores in
1999-2000. Of the components of Narrow Money, currency outside banks went up by
Tk.1489.40 crores or 17.2% to Tk.10176.00 crores, and demand deposits went up by
Tk.1142.50 crores or 13.3% to Tk.9705.30 crores.
Broad Money:
Broad Money increased by Tk.11735.70 crores or 18.6% to Tk. 74,762.40 crores in
1999-2000 compared to the increase of 12.8% in the preceding year. Of the
components of Broad Money, Narrow Money increased by 15.3% and time deposits
rose by 19.9% compared to the increase of 8.6% in Narrow Money and 14.5% in time
deposits in the preceding year. The shares of currency outside banks, demand deposits
and time deposits in Broad Money stood at 13.6%, 13.0%, and 73.4% respectively on
30th June, 2000 compared to 13.8%, 13.6% and 72.6% respectively on 30th June,
1999. Expansion of credit to the private sector, government sector (net), public sector,
and other assets (net), along with a surplus in net foreign assets contributed to the
expansion of Broad Money.
Reserve Money:
Reserve Money increased by Tk.2321.80 crores or 15.7% to Tk.17064.50 crores in
1999-2000 compared to the increase of 8.3% during the preceding year. Of the
components of Reserve Money, currency outside banks increased by Tk.1489.40
crores or 17.1% compared to the increase of Tk.533.30 crores or 6.5% during the
preceding year. Scheduled banks balances with the Bangladesh Bank increased by
Tk.770.90 crores or 15.3% in 1999-2000 compared to the increase of Tk.488.20
crores or 10.8% in the preceding year. Their cash in tills increased by Tk.61.50 crores
or 6.0% as against the increase of Tk.103.60 crores or 11.2% in the preceding year.
The increase in Bangladesh Bank's credit to the government (net) by Tk.1,738.10
crores and net surplus in the foreign sector by Tk.1,262.40 crores played the main role

in exerting expansionary influence on the Reserve Money. However the decline of

Tk.333.60 crores and Tk.44.90 crores in the borrowings by the scheduled banks and
other financial institutions respectively along with the fall of Tk.300.20 crores in other
assets (net) partly offset the expansionary impact of those sectors.
Domestic credit:
Total domestic credit increased by Tk.8581.20 crores or 13.6% to Tk. 71,489.00
crores (including adjustment of bonds issued by the government) in 1999- 2000 as
compared to the increase of Tk.7267.60 crores or 13.1% in the preceding year.
Expansion of credit to the government, private, and public sectors to the extent of
Tk.3524.30 crores (31.3%), Tk.4906.10 crores (10.7%), and Tk.150.80 crores (2.5%)
respectively contributed to the expansion in total domestic credit in 1999-2000. Credit
to the government and private sector had increased by 21.3% and 13.8% respectively,
while credit to the public sector declined by 3.7% in the preceding year.
Bank Credit:
The outstanding level of bank credit (excluding foreign bills and inter-bank items)
increased by Tk.5,123.30 crores or 10.3% to Tk.54,646.10 crores in 1999- 2000 as
compared to the increase of 12.4% in the preceding year. Of the components of bank
credit, advances increased by Tk.4892.70 crores or 10.3% and the bills purchased and
discounted went up by Tk.230.60 crores or 11.3%.
Bank Deposits:
Bank deposits (excluding inter-bank items) increased by Tk.11044.70 crores or 18.6%
to Tk.70,278.70 crores in 1999-2000 compared to the increase of 14.2% in the
preceding year. Of this increase , time deposits went up by Tk.9,103.80 crores or
19.9% to Tk.54,881.10 crores, government deposits by Tk.723.60 crores or 14.8% to
Tk.5,615.20 crores and demand deposits by Tk. 1,142.50 crores or 13.3% to
Tk.9,705.30 crores. On the other hand, restricted deposits increased by Tk.74.80
crores in 1999-2000.

Cash Reserve Requirements (CRR):

Statutory CRR with Bangladesh Bank was lowered for the scheduled banks to 4.0%
of their liabilities (demand plus time deposits) (excluding inter-bank deposits) from
5% with effect from 1st October, 1999.
Bank Rate:
The Bank Rate was lowered from 8.0% to 7.0% on 29th August, 1999 and remained
unchanged through 30th June, 2000. Now Bank rate is 5%.

2.7 Conclusion:
It is a common knowledge now that the commercial banks engaged only in financial
trade and commerce. But some government specialized banks operates their business
in different small and cottage industry sector and provide micro credit. The role of
commercial banks in economic development is still found limited when compared to
many others countries of Asia and Africa. Where commercial banks development in
East Asian counties or even Indian experience will suggest that our banking sector has
to go a long way to play an effective role in economic development and social change.

Chapter-Three

Islami Banking

3.1 Definition and Concept of Islamic Bank:

Islamic Bank developed under Islamic frame work, performs most standard banking
service and investment activities on the basis of profit-loss sharing system conforming
the principles of Islamic Shariah. It operates with the objectives to implement and
materialize the economic and financial principles of Islam in the banking arena.
According to Organization of Islamic Conference (OIC), Islamic bank is a financial
institution whose statutes, rules and procedures expressly state its commitment to the
principles of Islamic Shariah and to the banning of the receipt and payment of interest
on any of its operations.
According to Dr. Ziauddin Ahmed Islamic Bank is essentially a normative concept
and could be defined as conduct of banking in consonance with the ethos of the value
system of Islam.
Although Islamic Bank is a financial institution, its operations and activities shows
that Islamic Bank as a Business firm with Halal transaction within the boundary of
Islami Shariah .The main objective is not only to earn profit but also to make welfare
oriented interest free and exploitation free economy of a country.

3.2 History and growth of Islamic Bank around the world:

In this millennium, Islamic Bank with its special features acquainted with a new
member in the money market especially in financial and banking world. Islami
banking gradually evolved during the last thirty years in some parts of the Muslim
world. During 1960s it was observed that Muslims Malaysia used to save money
primarily for performing Hazz. Such savings mostly kept idle in pillows, under
mattresses and floor for avoiding interest, which was unproductive and damaging for
the growth and development of economy. For utilizing such saving the Government of
Malaysia in 1962 established an interest free financial institution known as Pilgrims
Saving Corporation. In 1963 Dr. Ahmed-Al-Nazzar established a savings bank at Mit
Ghamar in Egypt by his personal endeavor with a view to bring some development in
socio-economic field in the process of Islam. This Mit Ghamar is considered as

Modern Islami Banking and A.A. Nazzar is considered as the Father of Islamic
Banking System.
A survey report by the National Institute for Management Development, Cairo, Egypt,
shows that the Mit Ghamr Bank was tremendously succeeded in achieving its
objectives and the tremendous success of the Bank was the cause of its closure by the
vested interest in 1967.
Islamic Development Bank was established in 1975 and during the following three
years 7(Seven) Islami Banks & financial institutions was established. They are:
i)

Dubai Islami Bank

ii)

Kuwait Finance House

iii)

Faisal Islami Bank, Sudan

iv)

Jordan Islami Bank for Finance and Investment

v)

Islamic Bank System International Holding S.A. Luxembourg

vi)

Faisal Islami Bank of Egypt

vii) Islamic Investment Co. Ltd.

In 1978 Islamic foreign minister conference is Dakar, capital of Senegal, the ministers
decided that the member of OIC would take systematic efforts to establish Islamic
Banking gradually and within the next three months their plan came into existence. In
1978 the Faisal Islamic Bank of Sudan was established. In Bangladesh Islamic Bank
named Islami Bank Bangladesh Limited (IBBL) was first found on March 13, 1983
and opened its operation formally on March 30, 1983. Malaysia Islamic bank was
established in July 1983 that was the second Islami bank in South and South EastAsia.
Now more than 300 Islamic Banks and Islamic Institutions have been operating their
business all over the world. Besides Muslim countries, Islamic Banks are operating
their banking business in non-Muslim countries as well.

3.3 Salient Features of Islamic Bank:

The major features of Islamic Banks are as follows:

Islamic Banking activities are regulated according to Islamic Shariah.

Islamic Bank is directed by Shariah board, which consists of many brilliant

and famous intellectuals, economists, banker and lawyers.

All economic activities are free from interest.

It tries to coordinate economic and social development.

The shareholders and the depositors are the only source of funds for Islamic
banks. They do not use borrowing as a source of finance.

Islamic bank grants interest free loans to the underprivileged group (poor,
students and needy people.)

Islamic bank avoid investment in debentures and bonds because of their fixed
rate interest.

3.4 Basic Objectives of Islamic Banks:

The basic objectives of Islamic bank can be pointed out as follows:
To conduct interest free banking systems according to Islamic Shariah.
To make investment through different modes permitted under Islamic Shariah.
To avoid the production of harmful goods and services.
To eliminate socio-economic in-justice.
To establish economic equality.
To eliminate economic exploitation.
To avoid economic instability.
To avoid evil, wrong and injurious practices from economic life.
To cover the fulfillment of the basic needs of the people.
To realize the full potential of the economy.
To provide safety net for the weak, poor and distressed.
To develop human resources for enhancing economic growth and quality of
life.
To establish a well-balanced economic system.

Chapter-Four
Overview of Exim Bank
Limited

Chapter- Five

Recruitment and Selection Process

Of
Exim Bank

5.1 Introduction:
Through as a body of art knowledge human resource management is a baby; its role in
real world has made it supreme in business organization. This new field of
management was born in 80s in USA and by 2000 every successful organization on
earth has initiated their own Human Resource Department.
Among all of the functions of human resource management, Recruitment and
Selection (staffing) has been recognized as the most critical function. It is the most
critical function because if the organization wants to get best quality of products or
services. Firstly its need to qualified personnel. To get best personnel organization
should recruit best employees in the best ways and it have to follow good procedure
for Recruitment and Selection to attract the best qualified personnel.

5.2 Recruitment:
In theoretical recruitment means the process of discovering potential candidates for
actual and anticipated organizational vacancies.
Recruitment is the searching for and obtaining potential jobs candidates in sufficient
number and quality so that organization can select the most appropriate people to fill
its need.
Goals of recruitment:
The first goal of recruitment is to communicate the position in such a way that jobs
seekers respond.
The second goal of recruitment is to provide enough information about the jobs that
unqualified candidates/ applicants can self-select themselves out of the jobs.
Third goal of recruitment is to fill vacancies through appropriate people

Meeting these goals will minimize the cost of processing of unqualified applicants
and ultimately organization will be benefited.

Factors Affecting recruiting efforts:

Size of the employees of the organization.
Employment conditions in the community where the organization is located.
Effectiveness of the past recruiting efforts
Working condition, salary and benefits package offered by the organization.
Constraints on recruiting efforts:
The poll of qualified applicants may not include the best candidates or the best
candidate may not want to be employed by the organization is one of the major
constraint on recruiting efforts. There are five specific constraint of recruiting efforts.
There are:
Image of the organization.
Attractiveness of the job.
Internal organizational policies.
Government influence.
Recruiting costs
Sources of recruitment:
The internal search.
The employees referrals.
External search.
Advertisement
Schools, Colleges and Universities.
Unsolicited applicants.
Employment agencies .etc

5.3 Selection:
Selection is the process of gathering information for the purposes of evaluating and
deciding to whom should be employed in particulars jobs.
Selecting people is choosing from among the candidates the one who best meets the
position requirements.
Goals of the selection process:
All selection activities exist for the purpose of making effective selection decisions.
Each activities is a step in the process that result in a prediction-managerial decision
makers seeking to predict which job applicants will be successful if hired.
Steps in the recruiting and selection process:
Step-1: Decide what position the organization will have to fill by engaging in
personnel planning and forecasting.
Step-2: Build a pool of candidates for these jobs by recruiting internal and ezternal
candidates.
Step-3 Have applicants complete application forms and perhaps undergo an initial
screening interview.
Step-4: Use selection techniques like tests, background investigations and physical
exams to identify viable candidates.
Step-5: Finally decide who to make an offer to, by having the supervisor and others
on the team interview the final candidates.

Enterprise

Applicants

Opportunities for
growth.
Potential challenges.
Promotion
possibilities.
Level of pay.
Fringe benefit.
Degree of job security
Aspects of jobs
Unfavorable of jobs.

Job Knowledge.
Skills.
Abilities.
Aptitudes.
Motivation.
Past performances.
Talents
Attitudes.
Behavior.
Etc

Figure: Information exchange contributing to successful selection.

5.4 Recruitment and Selection process of Exim Bank:

Changing working place demands calling for a wide range of skills and attributes
from the workforce. People are the most valuable assets of the world of any
organization either private or public. Human resources are endowed with such
uncommon qualities as creativity, problem solving ability and they can be motivated
and they can work as a team. So human is the most valuable asset of any organization
that why each and every organization should recruit right person at the right place on
right time.
In Exim Bank, Recruitment and Selection processes are so systematic to attract the
qualified personnel. Exim Bank follows some steps to recruit and select appropriate
person for right job.

Requisitions

Published Jobs
Advertisement

Arrangement of Written Test

Arrangement of Viva Voce

Issue Appointment Letter

Joining Report

Figure: Recruitment and Selection Process of Exim Bank.

Requisitions:
Recruitment process generally starts, when the Human Resource Division receives
requisitions for recruitment from any department of company organization. The
personnel requisitions contain details about the position to be filled.
In Exim Bank, when Human Resource Department gets the information about the
vacancies of the various department. Its start it works to fill the vacancies. Firstly,
Exim Bank collects the information, how many posts are vacancies, and higher level
officer and Human Resource Department arrange a meeting and take decision to fill
up the vacancies through the next procedures.
Published Jobs Advertisement:
When an organization wishes to communicate to the public that it has a vacancy
advertisement is one of the most poplar methods used. Where the advertisement is
placed is often determined by the types of the jobs. The higher the position in the
organization, the most specialized the skills or the shorter the supply of the resource
in the labor force, the more widely dispersed the advertisement is likely to be.
In Exim Bank declares their vacancies in the Daily National News Paper and Web
site. The candidates can apply through a handing writing forwarding with the
Curriculums Vitae.
Before applying in Exim Bank, candidates must Fulfills some requirements
Qualification:
Exim Bank receives application through all over the country. To apply jobs seekers
will have to need graduate degree or equivalent to the following:

Business Graduate

: Minimum CGPA 3

Others Graduate

: Minimum 2nd class

These requirements are only needed for the Provisionary Officer. For the requirement
of Junior Officer and Clark level officer educational qualification is liberal.
Exim bank doesnt require having specific banking experiences but if any candidate
possess the following experiences the candidates application add weight after the
written exams.
These experiences are:
Experiences of banking operation.
Professional working experiences.
A broad range of work experiences.
Arrangement of Written Test:
If any candidate successfully passes at the screening stage, Exim Bank will invite
candidate to participate an Exim Bank. The includes following types questions.
English ( Verbal, Grammar )
General Knowledge.
Mathematics.
Analytical ability Test.
Critical Reasoning.
Islamic Knowledge.
These tests are used to access candidates reasoning skills as well as time management.
Candidate needs to make sure that she/he will complete the test with in time limit that
the Exim Bank authority has given, most of the cases the time limit is 90 minutes [ 60
minutes for 75 marks which are multiple question and another 30 minutes for written
exam which is allocated 25 marks]
The test, candidate must appear in English.
Arrangement a Viva Voce:

The candidates who passes the tests is then ready for a comprehensive interview is
ordinarily for the purposes of verifying information provides on the application ,
Curriculums Vitae and for obtaining additional information that will be useful in
accessing the candidates qualification. At the time of interview candidate must speak
clearly and confidently and try to relax.
Issue of Appointment Letter:
The responsibility for making the final selection decision is assigned to different
levels of management in different organization. In many organizations the Human
Resources Development handles the whole procedures.
In Exim bank , Human Resources Division takes decision for hiring those who
successfully complete the above stage and take a good position , the bank will send
the appointment letter.

Requisitions

Arrangement of Written
Test

Recruitment

Published Jobs
Advertisement

Selection

Arrangement of Viva Voce

Issue Appointment Letter

Joining Report

Figure: Recruitment and Selection Process of Exim Bank.

Joining Report:
Bank will offers the candidate, the candidate will join with 7 days in the in the Head
Officer and Head Officers selection branch and before posting the branch officer.
Human Resources Department arranges an initial training program for 15 days and
then posting the branch offices.
Ending the Recruitment and Selection process the candidate will report the
organization i, e Export Import Bank limited. Then the candidate will oriented into
Exim Bank as an employee.

Joining Report

Selection

Issue Appointment Letter

Afte
r
Employee of Exim Bank

Orientation

Socialization

Permanent employee of
Exim Bank

Figure: How to become a permanent employee of Exim Bank

5.5 Conclusion:

Exim Bank follows a systematic recruitment and selection procedure to attract the
qualified personnel. Recruitment and Selection is the most critical function of Human
Resource Department. Because if any organization wants best quality and high
productivity, it requires talent employees. For getting best employees each and every
organization should follow the recruitment and selection process appropriately