941027
STATE BANK OF PAKISTAN BANKING POLICY & REGULATIONS DEPARTMENT CENBTRAL DIRECTORATE KARACHI
BPRD Circular No. 15
27th October, 1994
All Banks
Dear Sirs,
PRUDENTIAL REGULATION – XVIII
Please refer to BRD Circular No. 14 dated 30th November, 1993. Following instructions supersede the contents of the above referred circular.
2. When considering proposals for fund based/non-fund based accommodation banks should give due weightage to credit report relating to the borrower and his group obtained from Credit Information Bureau of the State Bank. If the credit report indicates over-exposure/default in meeting the obligations and in the opinion of the bank the default/over-exposure is wilful or the unit is no longer viable further accommodation may be denied. However if the default/over-exposure is due to circumstances beyond the control of the borrower and further accommodation would put the borrower back on track and enable it to regularize the position, the bank may consider extending accommodation as it may deem fit.
Yours faithfully,
(MUHAMMAD AINUDDIN)
Director
