SBP simplifies requirements for microfinance borrowers
KARACHI: The State Bank of Pakistan (SBP) has simplified documentary requirements from microfinance borrowers, according to a statement issued on Saturday.
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Tag: microfinance banks
SBP directs MFBs to ensure verification of customers
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued orders to microfinance banks (MFBs) to ensure verification of customers in order to mitigate various risks arising from money laundering and financing terrorism. A circular issued by the central bank referred it previous instructions issued through Circular No. 02 dated October 05, 2018 to mitigate various risks […]
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