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STATE BANK OF PAKISTAN NBFIs REGULATION AND SUPERVISION DEPARTMENT
CENTRAL DIRECTORATE
NBFIs Circular No. 10
13th December,1992
Chief executive of DFIs, Investment Banks, Leasing Companies, Moderabas, Housing Finance Companies & Discount House.
Please refer to NBFIs Circular NO.1 dated 5th December, 1991 as modified from time to time. The existing Rule 9 of the rules of business for NBFIs is substituted as under:
(i) Rule 9) limit on NBFIs exposure:
Total exposure of a NBFIs to a single borrowing entity or group shall not exceed 20% of its equity. In the case of listed companies exposure shall not exceed 20% of the total assets of the NBFI.
(ii) The above amendment shall come into force with immediate effect.
Please acknowledge receipts.
Yours faithfully,
(MUHAMMAD KALEEM)
SENOIR DEPUTY DERECTOR.
