Welcome

Group List: Equator

Name Roll
Shahanaz Begum 19-109
MD Shah Alam 19-149
Nipa Aktar 19-165
Mohammad Tawfik e Elahi 19-205
Muaz Ahmed 19-257
Probashi Kallyan Bank
Probashi Kallyan Bank
• State-owned Bank
• Started in 2010
• For Non-resident Bangladeshis
• Specialized Financial Institution
Probashi Kallyan Bank
• 1 head office
• 54 branches
• Objectives:
• Provide assistance to increase
The flow of remittance
• Provide Migration Loan
• Provide rehabilitation loan
Probashi Kallyan Bank
• Up to March 2017,
• Sanctioned Loan
214.6 crore TK
• Recovery rate about 86%
• Granted migrant loans
22490 people.
Probashi Kallyan Bank
Why select this Bank?
• Government bank at inception level
• Most of the students of this batch are
pursuing government job
• Recent Cyber attack and the measures
currently taken by the government banks.
Products of Probashi kallyan Bank
• Migration Loan
• For the purpose of going abroad in quest of job
• Rehabilitation Loan
• For rehabilitation after returning form the abroad

• Note: The bank keeps its cash to other

banks. When a loan is sanctioned the bank
gives a check to Borrower and Borrower
collects the cash from the assigned bank.
Loan Approval and Sanction
• The Borrower applies to Managing director for the loan
• Includes additional documents
• After approval of the loan the Borrower goes to the counter to collect
the check
• The officer inputs the data according to approved forms and
documents (basic information).
Hardware
Beginning:
The Software was hosted on local
environment in a pc and networked to other
computer in the same office

Now:
The Software is hosted in a server and
another server hosts SQL server, together
they server all 55 offices of the PKB.
Software
• Uses a “Customized Software”
• It was “given” at the inception of the bank by the “IT department” of
“Janata Bank” as to “Test-out” and understand the PKB’s need for
what they would need.
• In time some module were included
Rationalization for using the Software
• The Bank has limited products so it is sufficient for the PKB
• It is FREE
• No operating cost
• No/ small Training is required
Features of the Software
Features of the Software
• Automation, Manual or Both?
• Combination of Automation and Manual
• Report making is automated
• Sanction of loans
• Daily, Quarterly, Yearly and Custom (on need basis)
• But most works are manual
• Payroll
• Records are also kept manually
Features of the Software:
Chart of Accounts
Title Yes No
General Ledger 1 0
Project Cost Ledger 1 0
Cash Receipts Journal 1 0
Cash Disbursements Journal 1 0
Payroll Journal 0 1
Accounts Receivable Ledger 1 0
Accounts Payable Ledger 1 0
Sales Journal
Input to Direct leader
Purchase Journal
Features of the Software
• Input
• A receipt is kept for each transition
• Record of cash and receipt is kept separately
• Revenue & Cost
• No information were given to us
• Payroll
• There is no features included for this software
• The payroll is kept manually in spreadsheet
Training
Training
• According to Accounting Department:
• No Instruction
• They have created a manual and have provided it for employees of other
branch and new employees
• According to IT Department:
• No Instruction
• “Self-taught”!!
• In extreme case seeks help from “Janata Bank’s IT Department”
• According to IT Department, employees need only basic knowledge of debit
and credit to operate the software.
Training
• Ethics
• Guideline is available
• Resolved by Department Head
• Cyber threat
• No training for cyber threat
• Only it department got the training and they have not provided any to other
departments
Fraud Detection
Fraud Detection
• Software has no specific features to detect fraud
• Abnormal balance will “Red Flag” and inform the user
• Both department got defensive about Fraud detection questions
Error Detection and Correction
Error Detection and Correction
• Upon detection of Errors both department has the ability to correct it
and issue a “voucher”
• Some errors occurred due to placing debit with credit and vice versa.
• Department Head is supposed to sanction these
Threat of The System
Threat of The System
• Safety issues:
• Safety measures are inadequate
• Vulnerable user login system
• IT department has high employee turnover
• Fraudulent Opportunities
• “The entries can be changed and one needs only to issue a voucher”- can raise
a fraud possibility
• The management is not willing to change by showing reason that it is cost
efficient, actually there is no cost either
• Any person in Management can utilize the available fraudulent opportunity.
Recommendations
Recommendations
• Go for Secure Software
• The private information is more precious
• Proper Training on Software is required
• Should rethink the whole software if the PKB is going to use
Customized software where
• Automation should be prioritize
• Secure log in system
• Focus on User interface
• Input should be easier for who work directly with the customer
• Department head should be able to preview the changes made during certain
date.