SBP imposes penalty of over Rs.83m on 4 banks for violating instructions
KARACHI: State Bank of Pakistan (SBP) imposed fines of over Rs.83.157 million on four commercial banks during July- September 2023 on the charges of violation of regulatory instructions pertaining to foreign exchange, general banking operations and customers’ due diligence. The banks were also advised to ensure meticulous compliance with the regulatory instructions and improve and … Read more