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Sunday December 22, 2024

Central bank increases regulatory retail portfolio limit for banks to Rs300m

By Our Correspondent
October 09, 2024
A picture of the State Bank of Pakistans building. — AFP/File
A picture of the State Bank of Pakistan's building. — AFP/File

KARACHI: The State Bank of Pakistan (SBP) has increased the regulatory retail portfolio limit for banks under the Basel Framework, a circular said on Tuesday.

“It has been decided to enhance the regulatory retail portfolio limit of Rs180 million, specified under the Basel Framework, to Rs300 million with immediate effect,” the SBP said. This modification comes after the limit was increased from Rs125 million to Rs180 million during the Covid-19 pandemic in order to solve financial difficulties.