KARACHI: State Bank of Pakistan (SBP) has imposed an amount of Rs93.23 million as penalty on Meezan Bank Limited during the year 2020, according to annual financial results of the bank.
The bank in its annual financial results for period ended December 31, 2020 said that it had paid Rs93.23 million to the SBP for violation of various regulatory provisions.
The total monetary penalty on the bank imposed by the SBP reached to Rs175.5 million in past two financial years.
The central bank imposed Rs82.27 million as penalty on the bank during the year 2019.
