trending Market Intelligence /marketintelligence/en/news-insights/trending/i37RZZUgXD0fPsnW-ITCsw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Pakistan central bank fines 4 banks over violations

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


Pakistan central bank fines 4 banks over violations

The State Bank of Pakistan imposed a fine worth about 192.7 million rupees on four banks for the month of November, over violations of customer due diligence and know-your-customer norms.

The central bank fined Allied Bank Ltd. 60.8 million rupees, while MCB Bank Ltd. was fined 91.9 million rupees. Both lenders were also told to conduct an internal inquiry on breaches of regulatory requirements, according to a document obtained by S&P Global Market Intelligence.

Further, the central bank levied a fine of 14 million rupees on Bank of Punjab and was mandated to strengthen its process relating to know-your-customer and customer due diligence norms. Habib Bank Ltd. was fined 26 million rupees and advised to improve its systems and controls.

As of Dec. 11, US$1 was equivalent to 154.84 Pakistani rupees.