Posts Tagged ‘state bank of pakistan’

Microfinance Focus, July 28, 2010: The State Bank of Pakistan (SBP) has yesterday amended the prudential regulations for country’s microfinance bank according to which in addition to cash collateral, gold (ornaments and bullion) shall also be considered for the benefit in specific provisioning against non-performing loans. Previously, the microfinance banks could only take benefit of cash collateral, while meeting the specific provisioning requirement against the non-performing ... Full story

Microfinance Focus, May 19, 2010: Mr. Muhammad Kamran Shehzad, Deputy Governor of State Bank of Pakistan (SBP) announced that the central bank is formulating a five-year (2010-2015) strategic framework for the development of microfinance sector in the country. ‘This framework will serve as a roadmap for growth of the sector after its approval by the Federal Government’, he added. He announced it while addressing a ... Full story

Microfinance Focus, May 14, 2010: State Bank of Pakistan (SBP) has yesterday issued amendments in the Prudential Regulations for microfinance banks (MFBs) for the maintenance of Cash Reserve & Liquidity and Submission of periodical returns. The amendments require MFBs to maintain CRR equivalent to not less than 5% of its deposits including demand deposits, and time deposits with tenor of less than 1 year. Time ... Full story

Microfinance Focus, Nov. 26, 2009: Governor State Bank of Pakistan (SBP) Syed Salim Raza said the dynamic microfinance sector is emerging to provide financial services to all and underscored the key role by technology and commercialization to drive it further. He was speaking at the third Pakistan Microfinance Forum 2009 on “Mass Accessibility and ... Full story

Microfinance Focus, Nov. 24, 2009: The State Bank of Pakistan and the Pakistan Telecommunication Authority have agreed to introduce a unified regulatory framework for enhancing mobile banking in the country. "It has been decided to set up a Joint Regulatory Committee," said a joint statement released after a meeting held at SBP, Karachi recently between Syed Salim Raza, Governor, State Bank of Pakistan and Dr Mohammed ... Full story

Microfinance Focus, Sept. 10, 2009: State Bank of Pakistan has decided to allow microfinance institutions to avail financing from banks or Development Finance Institutions (DFIs), in partial modification of guidelines issued under the the Microfinance Credit Guarantee Facility (MCGF). In a circular issued on Tuesday, the central bank of Pakistan said it has amended the earlier guidelines for the Microfinance Credit Guarantee Facility (MCGF) announced in ... Full story

MicrofinanceFocus, July 22, 2009: The State Bank of Pakistan (SBP) has agreed to provide Rs 215 million under the Institutional Strengthening Fund (ISF) and signed on Tuesday Memorandums of Understanding (MoUs) with Pakistan Microfinance Network (PMN) and NRSP Microfinance Bank, stated a press release. The country's central bank will provide Rs 133 million to PMN over the next five years and Rs 82 million to NRSP Microfinance Bank over one year for promotion of microfinance services in the country. In addition, Rs 82 million have also been approved for Tameer Microfinance Bank over the next one year. Full story