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020307
STAT BANK OF PAKISTAN BANKING SUPERVISION DEPARTMENT
BSD Circular No.12
March 7, 2002
All Banks / NBFIs
Dear Sirs,
Discussion of the Inspection Reports
The draft inspection
reports of banks/NBFIs, prior to its finalization, are discussed with the management of
the concerned institution. It has now been decided that henceforth draft inspection
reports will invariably be discussed by the President / Chief Executive / Country Manager
of the bank/NBFI with the head of the inspection team of State Bank of Pakistan and no
delegation, whatsoever, will be made by any financial institution in this regard.
Please acknowledge receipt.
Yours faithfully,
(Kazi Abdul Muktadir)
Director
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