KARACHI: The State Bank of Pakistan (SBP) took decisive action on Thursday, announcing hefty monetary penalties totaling Rs525.23 million against eight commercial banks for violating regulatory provisions during the quarter ended June 30, 2021. 1. Bank Alfalah Limited (Rs11.1 million): • Penalty Reason: Violation of regulatory instructions related to Asset Quality & General Banking Operations. … Continue reading SBP imposes monetary penalty on eight banks