July 23, 2019 (MLN): The State Bank of Pakistan (SBP) in a notification to Bank of Punjab (BOP) has informed that the SBP is unable to clear the Fit and Proper Test (FPT) Assessment of Syed Muhammad Talib Rizvi, for his proposed appointment as President/ CEO of BOP, as he lacks diversified experience and skill set required for this position.
Considering the urgency of the matter, the SBP advised BOP to entrust acting charge of the office of CEO to a key executive of the bank, who meets the FPT requirements for this position.
In the meantime, the bank is also advised to submit FPT documents of a suitable person meeting the prescribed FPT criteria and other applicable requirements for the position of president/CEO of BOP, for SBP clearance.
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