Report on Telesales Department Activities of Brac Bank Limited (Part-1)

Report on Telesales Department Activities of Brac Bank Limited (Part-1)

1.1 Introduction:

Banking constitutes an important segment of the financial infrastructure of any company. Generally, banking means deposit mobilization and development of those deposits into advances or investments in different sectors. That’s means bank collect deposit at lowest possible interest and provide loan and opportunity at highest interest. Between the two interests is the profit for bank. There are two type of banking that was commercial banking and another is investment banking. Commercial bank rise fund by collecting deposits from customer and business that use to make loan and customer at high interest for maximize profit. BRAC bank is one of the most popular and profitable commercial bank in Bangladesh.

As a kid banking industry BRAC Bank Limited was establish in June, 2001. Performing well as it has acquired as it has assets and human resources of higher quality. BRAC Bank Limited will be more effective in our economy by adopting modern financial technology by extending their activities in human and social welfare.

1.2 Background of the study:

Through this report an individual can expect to have a good knowledge and understanding on the various methods of operation performed by BRAC Bank Limited particularly in the area of Financial Institutional Services. From the last three months of the bank’s disbursement, everything is tried to include in precise form. I have tried my level best to put more emphasis on the Overall activities of telesales department this report is to be used only for the academic purpose. I have collected all the necessary and relevant data from various primary, secondary and tertiary sources. After three months long hard labor, it has become possible for me to make the report comprehensive and factual.

1.3 Significance:

This report is the result of three months internship in BRAC BANK LIMITED. I enter as an internee in BRAC BANK LIMITED beginning from 1st March. 2009 to 31st May 2009. And I have completed this internship period successfully. This internship report contains all the knowledge that I gather at the time of my internee in BRAC BANK LIMITED. In this internee time I noticed that they work completed day to day. They work hard and soul. My topic is Penal Calculation for Consumer loan of BRAC Bank. All these information will help the management to the study. Besides, it would be a great opportunity for me to get familiar with this system. So this study is very significant for both the company and me. They satisfy my work and give a opportunity for job.

1.4 Objective of the Report:

Broad Objectives:

The broad objective of this report is to study the overall activities and service providing process of Telesales Department of BRAC Bank Ltd.

Specific objectives:

  • To know the activities of Telesales department in BRAC Bank Ltd.
  • To know the products and services offered by BRAC Bank Ltd.
  • To know the concept of Telesales and its impact in overall economy of Bangladesh
  • To gain practical experience that will be helpful for my BBA program
  • To identify differences between theory and practice by working directly in bank.
  • To know the terms and conditions of Retail or consumers loans and deposit.
  • To know the work process and monitoring system of Telesales Department.

1.5 Scope of the Report:                 

Scope of the study is quite clear. Since Telesales Department is dealing with all types of loan & deposit activities in the bank, studying these core themes, Opportunities are there to learn other aspects of RETAIL or Consumer matters.

  • Concept of Telesales and its impact in overall economy of Bangladesh
  • Importance of Telesales in context of Bangladesh
  • Pioneer’s strategy regarding Telesales Department

1.6 Methodology of the Report:

The report is basically prepared on the basis of my experiences with BRAC Bank Ltd. The data have been used both as primary and secondary data.

Sources of Data Collection:

The basic sources of data collection based on primary and secondary which used in preparation of this report is obtained when I went to Telesales Department of  BRAC Bank Ltd., Haqu Tower (4th floor), Tejgaon.

Primary data sources:

  •            Conversations with Associate Managers both asset and liabilities.
  •             Focus group meetings
  •             Direct observation
  •             Informal discussion

Secondary data sources:

  •           Operational manual
  •             Official Website
  •             Banking journals
  •             BBL newsletters
  •             Account statement

1.7 Data Analysis and Reporting:

Both the qualitative (such as SWOT analysis) and quantitative tools are used to analyze the gathered data and different types of computer software’s are used for reporting the gathered information from the analysis, such as – Microsoft word, Microsoft Excel, Microsoft PowerPoint.

1.8 Limitations:

The study has suffered from a number of barriers

  •             Lack of structured and current information as the Bank’s policy does not permit to disclose various data related to my study and this is the major problem among all the problems, I have encountered with.
  •             This report only focuses on Telesales Activities of BRAC Bank Ltd. But it does not cover other major activities like Investment, General banking and Foreign exchange etc.
  •             Data from BRAC Bank is highly confidential for the outside people and I had no authority to use the core banking software.
  •             BBL changes its core banking software, MBS to Finical that’s why all the employees are very busy with their work, sometimes I had to wait more than one week for a piece of information.
  •             Time is also a big constraint for my research. I have to submit a broader deal in a shorter form of outcome.
  •             It was difficult to communicate with the customers, as many of them were unable to give me much time for interview.
  •             I had to go under my day to day job responsibility that I was supposed to do so. So I could get few more time to spend in collecting data for preparing my internship report.

2.1 The Internship Position and Duties:

I joined in Brac Bank Ltd. as an intern on 1st March, 2009 and complete my three months internship on the 31st May, 2009. In this period I try to learn about organizational culture, their environment, punctuality, regularity, skill development, integrity etc.

At the vary beginning of my internship BBL, I learned how to open an account, which requirement is fulfill to open an account, how and home loan is provide, which criteria should fulfill to get a loan, and various type of retail product of BBL.

Firstly total duration was divided into total working days that came to a total working day of 3 months and were distributed in the following manner:

2.1.1 Training:

During the first month they trained up me about my work related activities such as how to react with customers, how to fill up the customer relationship from, what requirements is needed to open an account and what criteria should a customer meet to get a loan, and how to prepare a loan file for submission to get a loan. During the training period they provide me the following information:

  • The overall retail products and services of the bank.
  • Which criteria have to fulfill to open an account?
  • Necessary documents needed to open an account.
  • Which criteria have to fulfill to get a loan and how we can calculate DBR?
  • Necessary documents needed to prepare a loan file.
  • What is POS & How we can customers use POS
  • How to encourage customer to take our products.
  • Which step we have to follow to make customers done.
  • Rate of interest and annul charge of various retail products and ATM cards of BBL.

2.1.2 Account Open & close during my internship period:

In second month I have work practically in the field. Here I collect my customer and invite them to open. For this I have to fill up their form and introduce myself with my PSO and CIF No which is needed to open an account in BBL.

Here I learn about how to open an account, FDR, & DPS, how many types of these, and which requirement is needed to open these. I have also learned about account closing requirement and their charges.

2.1.3 Prepare and Loan file & Loan Account during my internship period: 

At the last month of my internship period I have worked in loan section. Here my duty is to collect right customer and open a loan account & prepare a loan file of them for submission.

Here I have learned about various type of loan products & loan accounts, who can fulfill loan criteria and which document is needed to prepare a loan file and how to calculate DBR & the formula of DBR.

Debt Burden Ratio (DBR) = (EMI / AMI) (100)

= (Equated Monthly Installments / Area Median Income) (100)

If the ratio of EMI is less or Equal 40% we can provide loan to the customers.

2.2 Performance during my Internship Period:

In these three months I have tried my best to encourage customer to open an account, FDR, DPS & make their loan file who are interested to take loan. The chart of my performance is shown bellow:

3.1 Organization Profile- an Overview of BRAC Bank Limited

BRAC Bank Limited, with institutional shareholdings by BRAC, International Finance Corporation (IFC) and Shorecap International, has been the fastest growing Bank in 2004 and 2005. The Bank operates under a “double bottom line” agenda where profit and social responsibility go hand in hand as it strives towards a poverty-free, enlightened Bangladesh.

A fully operational Commercial Bank, BRAC Bank focuses on pursuing unexplored market niches in the Small and Medium Enterprise Business, which hitherto has remained largely untapped within the country. In the last five years of operation, the Bank has disbursed over BDT 2500 core in loans to nearly 1,50,000 small and medium entrepreneurs. The management of the Bank believes that this sector of the economy can contribute the most to the rapid generation of employment in Bangladesh. Since inception in July 2001, the Bank’s footprint has grown to 56 branches, 350 RETAIL unit offices and 122 ATM sites across the country, In the years ahead BRAC Bank expects to introduce many more services and products as well as add a wider network of RETAIL unit offices, Retail Branches and ATMs and paid up capital of the same bank is Tk 500.million.


3.2 Background of the Organization:

BRAC Bank Limited is a scheduled commercial bank in Bangladesh. It established in Bangladesh under the Banking Companies Act, 1991 and incorporated as private limited company on 20 May 1999 under the Companies Act, 1994. The primary objective of the Bank is to provide all kinds of banking business. At the very beginning the Bank faced some legal obligation because the High Court of Bangladesh suspended activity of the Bank and it could fail to start its operations till 03 June 2001. Eventually, the judgment of the High Court was set aside and dismissed by the Appellate Division of the Supreme Court on 04 June 2001 and the Bank has started its operations from July 04, 2001.

There are two process of Banking “Branch Banking” and “Alternative Banking” in Brac Bank Ltd. Telesales is the part of alternative banking and they are the part of RETAIL Division. In Bangladesh telesales is firstly used in 1999 but Brac bank firstly lunched their telesales department in 16 September, 2006 in a small range. But now it develops vastly with 180 employees (from them eighty are female and rest hundred are male)

3.3Corporate Vision:

Building a profitable and socially responsible financial institution focused on Markets and Business with growth potential, thereby assisting BRAC and stakeholders build a “just, enlightened, healthy, democratic and poverty free Bangladesh.

3.4Corporate Mission:

Achieve efficient synergies between the bank’s Branches, RETAIL Unit Offices and BRAC field offices for delivery of Remittance and Bank’s other products and services.

3.5 Goals:

BRAC Bank will be the absolute market leader in the number of loans given to small and medium sized enterprises through out Bangladesh. It will be a world-class organization in terms of service quality and establishing relationships that help its customers to develop and grow successfully. It will be the Bank of choice both for its employees and its customers, the model bank in this part of the world.

3.6 Objectives of the Bank:

  •             Building a strong customer focus and relationship based on integrity, superior service.
  •             To creating an honest, open and enabling environment
  •             To value and respect people and make decisions based on merit
  •             To strive for profit & sound growth
  •             To value the fact that they are the members of the BRAC family – committed to the creation of employment opportunities across Bangladesh.
  •             To work as a team to serve the best interest of our owners
  •             To relentless in pursuit of business innovation and improvement
  •             To base recognition and reward on performance
  •             To encourage the new entrepreneurs for investment and thus to develop the country’s industry sector and contribute to the economic development.

3.7 Achievements:

  •             Fastest growing bank in the country for the last two years
  •             Leader in SME financing through 350 offices
  •             Biggest suit of personal banking & SME products
  •             Large ATM (Automated Teller Machine) & POS (Point of sales) network

3.8 Departments of BRAC Bank Limited:

1.         Human Resources Department

2.         Financial Administration Department

3.         Asset Operations Department

4.         Credit Division

5.         RETAIL Division (Telesales & Direct sales)

6.         Internal Control & Compliance Department

3.9 History of Telesales:

Some people believe that in the 1950s, Dial America Marketing, Inc became the first company completely dedicated to inbound and outbound telephone sales and services. The company, spun-off and sold by Time, Inc. magazine in 1976, became the largest provider of telephone sales and services to magazine publishing companies. The term telemarketing was first used extensively in the late 1970s to describe Bell System communications which related to new uses for the outbound WATS and inbound Toll-free services.

3.10 Telesales Department of Brac Bank Ltd:

There are two process of Banking “Branch Banking” and “Alternative Banking” in Brac Bank Ltd. Telesales is the part of alternative banking.

In Bangladesh telesales is firstly used in 1999 but Brac bank firstly lunched their telesales department in 16 September, 2006 in a small range. But now it develops vastly with 180 employees (from them eighty are female and rest hundred are male). It provides different kind of service directly to the customers or the persons who are going to be customers. On the other hand customer takes the necessary and updates information and solves problems without physical present. The BE of telesales department play a vital role to achieve the goal of bank. The both male and female BE call new and existing customers and encourage them to open an account FDR, DPS, student file in our bank or help them to get a loan if they want. If the customer are being satisfy to hare the offer of BE, then he fixed a date to open an account and one of the BE (must be male) go to the nearest branch of customer and help the customer to fill up the Customer Relationship From and singe as a customer introducer.

3.11 Location of Telesales Office:


191/A (4th Floor), Tejgan, Dhaka-1208.

Tel: +880-2-881 4441

Fax: +880-2-989 1915

E-mail: info@bracbank

3.12 Slogan of Telesales Department:

“Sell at least Three Products to an Individual Customer

3.13 Categories:

There are two major categories of telemarketing. These are

1)      Business-to-business.

2)       Business-to-consumer.

The Direct selling Department of Standard Chartered Bank maintains both type of Telemarketing. But the Telesales Department of BRAC Bank Ltd. deals with retail customer and provides them retail banking activities. The reason is that BRAC Bank Ltd has another corporate banking department named Direct Selling Department.

3.14 Customer Segmentation of Telesales:

Though telesales department is a part of Retail Banking they target their customer in four categories, these are as follows:

  • Business man (SME)
  • Private Customer
  • Student
  • House Wife

3.15 Organogrum of Telesales Department:


3.16 Different Branches & ATMs of Brac Bank Ltd:

Brac Bank has 56 Branches and 122 ATM Booths in Bangladesh. These are given below:

Branch Name                                                       Code No.

Dhaka Zone 

Gulshan Branch                                                         1501

Banani Branch                                                           1507

Dhanmondi Branch                                                    1506

Mothijheel Branch                                                     1505

Moghbazar Branch                                                     1503

Nawabpur Branch                                                       1502

Satmoszid Branch                                                       1509

Rampura Branch                                                         1512

Keranigang Branch                                                     1504

Narayangang Branch                                                  4301

Genakbari Branch                                                       1508

Mirpur Branch                                                            1511

Motijheel Graphic                                                      1513

Sonagazi Branch                                                        1801

Comilla Branch                                                          1301

Shamoli Branch                                                         1514

Monohardi Branch                                                     4401

Tongi Branch                                                            1515

Dohar Branch                                                            1516

Chittagong Zone

Agrabad Branch                                                       1101

Momin Road Branch                                               1102

Halishahar Branch                                                   1103

CDA Avenue Branch                                              1104

Potia Branch                                                            7101

Cox’s Bazar Branch                                                7401

Sylhet Zone

Sylhet Branch                                                        6301

Zindabazar Branch                                                6303

Beani Bazar Branch                                              6302

Biswanath Branch                                                6304

Nobigang Branch                                                  6306

Moulovibazar Branch                                           6305

Jossor Zone

Jossor Branch                                                       2410

Rajshahi Zone

Rajshah Branch                                                   5501

Bogra Zone

Bogra Branch                                                       701

Barisal Zone

Barisal Branch                                                     501

3.17 On Sight & of Sight ATM Booths:

                      On Sight ATM Booths:
Gulshan BranchAgrabad Branch
Banani BranchMomin Road Branch
Dhanmondi BranchHalishahar Branch
Mothijheel BranchCDA Avenue Branch
Nawabpur BranchPotia Branch
Satmoszid BranchCox’s Bazar Branch
Rampura BranchSylhet Branch
Keranigang BranchZindabazar Branch 
Narayangang BranchBeani Bazar Branch
Genakbari BranchBiswanath Branch
Mirpur BranchNobigang Branch
Motijheel GraphicMoulovibazar Branch
Comilla BranchJossor Branch
Sonagazi BranchRajshah Branch
Monohardi BranchBogra Branch
Tongi BranchMoulovibazaar Branch
Dohar BranchBarisal Branch
                          Of Sight Booths
Baily Road                    Baridhara                      Banani  Basundhara Bazar         Basabo                          Banglabazar

Basundhara Housing     BashundharaCity         Bijoynagar

Raifels Square               Jigatolla                        Mirpur Road

Donia                            Dakkhin Khan               Elephant Road

Fakirapul                       Farmgate                       Gulshan: 1

Golapbag, Sayedabad   Gulshan: 2                     Hatiprpul

E-Lobby 1                    Green Road                   Indira Road

Jatrabari                        Katabon                        Kakrail

Kazi Alauddin Road     Kafrul                           Kakrail

Kamlapur                      Kawran Bazar              Khilgaon

Khilkhet                        Kuril                             Malibagh

BRACUniversity         Mohakhali                    Lalbagh

Moghbazar                    Manda                          Mohammadpur

Motijheel                      Monipuri Para               Mirpur

Mugda Bishwa Road    Narinda                         Rankin Street

Shamoly                       Wari                               Uttara

3.18 Different cash Deposit Machine of Brac Bank Ltd:

Deposit Through ATM Machine
Serial No                       ATM Booth        
    1.                               Gulshan

2.                               Banani

3.                               Rampura

4.                               Uttara

5.                               Green Road

6.                               Rampura

7.                               Kazipara

8.                               Delta Mirpur

9.                               Bijoynagar

10.                         Motijheel Graphic

11.                         BRACUniversity

12.                            Raifels Square

13.                                Fakirapul

14.                                Fram Gate

15.                                Basabo

16.                                Katabon


3.19 How to Use Cash Deposit Machine:

  • Maximum 50 but suggest the customer for 40 notes maximum.
  • Complete the information requested at the back of envelops.
  • Please cheque(s) and cash inside envelop and seal envelop.
  • Don’t place any coins in envelop and follow the instruction of screen.
  • Take transaction input details and keep for the future reference.
  • Insert envelop into the slot.
  • Take transaction input detail and keep for the future reference.



Some More Parts-

Report on Telesales Department Activities of Brac Bank Limited (Part-1)

Report on Telesales Department Activities of Brac Bank Limited (Part-2)

Report on Telesales Department Activities of Brac Bank Limited (Part-3)