Executive Summary

JS Bank Limited was incorporated in 2007. It is a majority-owned subsidiary of Jahangir Siddiqui & Co. Ltd. and operates in the commercial banking sector.

This summer I was given the wonderful opportunity of working at JS Bank Limited as an Intern in two of the five business units of JSBL; Retail and Corporate Banking. The main purpose of the internship was to learn by working in a practical environment and to apply the knowledge acquired during studies in a real-world scenario.

Stepping up from the university level into a corporate world was a new step for me, but with the continuous guidance and motivation from the employees there, I was able to learn and challenge myself to go beyond my comfort zone. During my time there I was able to learn the ins and outs of working as a Relationship Manager, the daily tasks given to them, and the challenges they are forced to face.

In this report, I gave a brief snapshot of my time as an internee along with a detailed description of the tasks assigned to me. Having worked at the Branch as well as at the corporate level, I was able to explore and understand the way clients (Including big corporate clients like Pakistan Oilfields and Mujahid Group) are entertained. Account Opening, Cash, Remittances, Clearing, Credit, and Trade were some of the Bank departments I was able to explore throughout my 6 weeks internship.

Overview of JSBL

JS Bank Limited is a majority-owned subsidiary of Jahangir Siddiqui & Co. Ltd. and was incorporated in 2007. JS bank operates in the commercial banking sector. It was formed in 2006 with the merger of Jahangir Siddiqui Investment Bank and American Express Banks branches in Pakistan. Having its activities categorized into five business units, Retail banking, Wealth Management, Corporate Banking, Investment Banking, and Treasury, JS bank is one of Pakistan’s most diversified and progressive business entities with market-leading financial services and diversified strategic investments.

Core Values

1. Integrity

Integrity is at the core of everything that the JSBL does. They believe in achieving success by building a culture of trust and accountability by adhering to higher moral values, this is done by empowering their people to say no.

2. Customer Centricity

The prime objective of JSBL is customer satisfaction. Aiming to fully understand the needs of customers and stakeholders and adapting the products and services to exceed their expectations.

3. Teamwork

Teamwork enables individuals to achieve bigger goals which fosters a culture of trust and support. JSBL believes in supporting each other and putting the team before individual performance. We respect diversity and promote inclusion.

4. Professional Excellence

As the industry JSBL is operating in is evolving rapidly and providing an abundance of choices to the customers, we believe in only persistent commitment towards excellence will make JSBL the very best in the industry.

5. Innovation

JSBL believes that innovation is vital in the workplace as it gives organizations an edge in implementing new ideas, refining services, and creating dynamic products leading to business growth by effectively adapting to the evolving marketplace.

Vision Statement

To be the most innovative, customer-centric, and responsible bank in Pakistan.

Mission Statement

Its mission is to be a world-class bank providing innovative financial services to its customers through a motivated team of professionals, supported by the latest technology, whilst maintaining high ethical standards, creating value for all its stakeholders, and contributing to society through responsible and sustainable development.

Key Achievements of JSBL

1. Award for Best Bank for SME Pakistan at the Asia money Best Bank Awards 2022.
2. Award for best Bank for Diversity and Inclusion Pakistan 2022.
3. JS Bank and WWF signed the Green Office Initiative.
4. JS Bank & INOV8 Limited enter into a strategic partnership.
5. Award for the third time in a row for Support for Health Care Organization.
6. Entity Rating PACRA i.e., long-term rating of “AA-” (Double A Minus) and short-term rating of “A1+” (A One Plus).
7. JS Bank and EFU General Insurance Limited signed an agreement on April 4, 2017, with Join Hands.
8. Mahvash and Jahangir Siddiqui Art Gallery were inaugurated at the Alliance Franchise Karachi, in 2016 to promote Art and Culture in Pakistan.
9. JS Bank to acquire over 86MN shares of Bank AL Islamic.
10. JS Bank goes international – granted branch license in Bahrain.
11. Opened its first international branch in Manama, Kingdom of Bahrain.
12. Multiple awards for social impact.
13. JS Bank has successfully converted 101 branches to Solar Power.
14. JS Bank won the Best Corporate Campaign Award.
15. JS and USAID sign agreements to support SMEs.
16. JS Bank and Careem Networks sign an agreement for auto financing.
17. Primary Dealer award for the year 2010-11 and 2011-2012. Awarded “Brand of the Year” in 2013.

Key Product/Services

JS Bank Deposit Products

1. Current Account
2. Rupee Plus Savings Account
3. JS Platinum Business Account:
4. JS Premium Current Account
5. PLS Savings Account
6. Her Current Account
7. Rupee Term Deposits
8. Kamiyab Business Account
9. JS Rupee Traveler’s Cheque
10. JS Foreign Currency Accounts
11.  JS Raabta Current Account

JS Bank Lending Products

1. JS Gold Finance
2. JS Ghar Apna
3. JS Car Aamad
4. JS Fauri Finance
5. JS Visa Credit Cards
6. JS Cash Asaan
7. JS Smart Roshni

JS Alternate Delivery Channels

1. JS Visa Debit Cards
2. Email Alerts
3. SMS Alerts
4. JS Mobile Banking App
5. JS Internet Banking
6. Clearance
7. ATM Service

Corporate Lending Products

1. Funded Products

1. Running Finance
2. FATR
3. Cash Finance
4. FIM

2. Non-Funded Products

1. Letter of Credit
2. Open Account
3. Advance Payments
4. Bank Guarantee

Other Services by JS Bank

1. JS Bank Bancassurance Solutions
2. JS Connect Cash Management
3. Mutual Funds through JS Investments
4. Home Remittances
5. Lockers Facility
6. Cashiers Cheque
7. JS Global Online Equity Trading Accounts