Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Six banks slapped with fines worth Rs290mn

PKRV drops up to 60bps in 2 sessions as MPC nears
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November 8, 2022 (MLN): The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs290 million on six banks for violation of regulatory instructions, as per a notice issued by the central bank.

According to a notice issued by SBP, the penalty was imposed mainly on violations of regulatory instructions pertaining to CDD/KYC, asset quality, and general banking operations.

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Posted on: 2022-11-08T13:00:05+05:00