KARACHI: Governor State Bank Ashraf Mahmood Wathra has stressed upon
the banks to focus on private sector lending and deposit mobilization.
In this context he said that the average spread of all banks continue to remain high and should be reasonably rationalized. “SBP shall review the position by the end of June 2015 and may take regulatory measures to lower the spread,” he added.
He was addressing a meeting of Presidents/CEOs of all commercial Banks and DFIs at SBP Head office in Karachi on Monday. The Governor took stock of operational activities and performance and issued important directives to enhance the efficiency of banks.
Discussing the condition of Islamic Banks and its profitability, Governor highlighted that Islamic banks should reward their customers appropriately in line with their surging profits. “Banks were advised to come up with their own solutions or the SBP will apply Shariah compliant measures to address the issue,” he instructed.
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In this context he said that the average spread of all banks continue to remain high and should be reasonably rationalized. “SBP shall review the position by the end of June 2015 and may take regulatory measures to lower the spread,” he added.
He was addressing a meeting of Presidents/CEOs of all commercial Banks and DFIs at SBP Head office in Karachi on Monday. The Governor took stock of operational activities and performance and issued important directives to enhance the efficiency of banks.
Discussing the condition of Islamic Banks and its profitability, Governor highlighted that Islamic banks should reward their customers appropriately in line with their surging profits. “Banks were advised to come up with their own solutions or the SBP will apply Shariah compliant measures to address the issue,” he instructed.
Read more Click here / www.trade4x.net
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