SBP imposes monetary penalty on eight banks

KARACHI: The State Bank of Pakistan (SBP) on Thursday said it imposed monetary penalty of Rs525.23 million on eight commercial banks for violating regulatory provisions. The SBP imposed penalty during quarter ended June 30, 2021 on the following banks: 01. An amount of Rs11.1 million has been imposed as penalty on Bank Alfalah Limited. The … Continue reading SBP imposes monetary penalty on eight banks