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SBP revises equity limit to 10% The SBP amended conditions and limits for banks APP May 25, 2021 It is a misconception that SBP will be empowered unabatedly through the proposed Act to share financial or non-financial private information with any entity, particularly outside the country, said the Ministry of Finance. PHOTO: FILE KARACHI: The State Bank of Pakistan (SBP) has revised the maximum limit of equity of a bank or development finance institution (DFI) for issuing guarantee against the back-to-back/ counter-guarantee by a foreign unrated, or under-rated bank or DFI. Following the r...

Regulations for banks dealing with issuing guarantee revised Business May 25, 2021 KARACHI: The State Bank of Pakistan on Monday revised the maximum limit upto 10 percent of equity of the bank or DFI for issuing guarantee against the back-to-back or counter guarantee by a foreign unrated, or under-rated bank or DFI. The central bank, through a circular issued by Banking Policy and Regulations Department (BPRD), has revised Para 2 of Regulation R-7 of Prudential Regulations forCorporate/Commercial Banking. "The SBP revised conditions and limits for banks or development finance institutions (...

IT has been observed recently that banks are asking the banking courts under Section 51(e) CPC, read with Section...