Banking Conduct News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KARACHI: The State Bank of Pakistan (SBP) has announced bifurcation of the Banking Conduct & Consumer Protection...

KARACHI: State Bank of Pakistan on Friday directed all scheduled banks as well as micro finance banks to submit data of all digital frauds and scams on monthly basis while purview of reporting is...

Financial companies must tip off authorities about their stuff-ups, the watchdog says.

I HAVE an account with a private commercial bank and recently had to pay a heavy price for just that. Regardless of the amount under dispute, it is the attitude of the bank and its staff that has deprived me of my peace of mind over the last few weeks. The bank wrongly deducted Rs675 from my savings account, which it was kind enough to concede as a mistake, but it has yet to return the amount even though I have been repeatedly told that it has been done. Every time I have pointed out the string of misinformation, I am asked to wait. And that I do till the bank lies again, in writing.

UAE: No biometric verification required for expats to operate bank accounts in Pakistan Waheed Abbas/Dubai Photo (for illustrative purposes only): Reuters State Bank of Pakistan gives relief to over 10m NRPs The State Bank of Pakistan has exempted Pakistani residents living in the UAE and other countries from biometric verification to operate their bank accounts back home. Pakistan Embassy in Abu Dhabi said in a statement that banks in Pakistan have been permitted to utilise the National Database and Registration Authority's (Nadra) e-Verisys instead of biometric verification. ALSO READ: “O...