Details

Case

Educator Copy

Investment Bank Limited (Core)

Zafar Iqbal Qureshi


INDUSTRY : Banking

AREA : HRM/OB

ORGANIZATION : Investment Bank Limited

LENGTH : 6

LUMS No : 12-001-87-1

PUBLICATION YEAR : 1987

DESCRIPTION

KEYWORDS:

Investment Bank,Limited,Core,Banking


DESCRIPTION:

At the time of independence on August 14, 1947, Pakistan had only two Muslim-owned commercial banks: the Habib Bank Limited and the Australian Bank. About two years later the new government set up the National Bank of Pakistan. For almost a decade these three local banks and a few foreign banks were the only institutions serving the banking needs of the nation. In November 1959, Mr Hussain Shad, a manager with the Habib Bank, had a disagreement with the top management about a loan to Sayyed Associated, a big business house in the country. Shortly, thereafter, Mr Shad and Sayyed Associates joined together to form a new bank, Investment Bank Limited (IBL).


LEARNING OBJECTIVES:


SUBJECTS COVERED:

Human Resource Management