Enforcement Action: SBP penalizes Banks Rs.805 Million in August

MG News | September 06, 2019 at 11:10 PM GMT+05:00

0:00

September 6, 2019 (MLN): The State Bank of Pakistan (SBP) imposed monetary penalty of Rs.805.10 Million on different financial institutions for various infractions during the month of August.

According to data released by the SBP, the penalty was imposed on 10 different Commercial Banks for various indiscretions ranging from Violations in the areas of FX Operations to Violations in the areas of AML/KYC, Asset Quality, Corporate Governance, AML/CFT and Consumer Protections.

The SBP clarified the action taken in each instance which largely focused on deficiencies in due diligence in various aspects of operations.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%