Circulars/Notifications - Banking Policy Department  
 BPD Circular Letter No. 25
September 06 ,2002 

All Banks/NBFIs
Dear Sirs,

 

VERIFICATION OF ANTECEDENTS OF PERSONS SEEKING
EMPLOYMENT IN BANKS / NBFIs

 

Instances have come to the notice of State Bank, where Banks / NBFIs have appointed persons despite their involvement in fraud and forgery cases with their previous employers. This appears to be due to the non-availability of standard procedure amongst financial institutions for ascertaining the antecedents of persons seeking entry in bank / NBFI service.

2.         In order to discourage the entry of such persons in the banking industry in future, all banks / NBFIs are hereby advised to develop a standard procedure within a period of 30 days which should, interalia include obtaining of satisfactory confidential reports in writing on the integrity, suitability etc. of the applicant, from the former employer(s).

Please acknowledge receipt.



Yours faithfully,
(Muhammad Kamran Shehzad)
Director

BPD Circulars/ Circular Letters issued in 2003
       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Feedback
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.