Circulars/Notifications  

 BPD CIRCULAR NO.39
November 10, 2003 

The Chief Executives,
All Banks / DFIs

Dear Sirs / Madam,



Prudential Regulation R-6 for Corporate / Commercial Banking

It has been decided to make following amendments in the Prudential Regulation R-6, Para 1.B, with immediate effect:

i) The DFIs which are not mobilizing funds as deposits / COIs from general public / individuals will be exempt from the requirement of capping their total investment in equities.

ii) The DFIs which are mobilizing funds as deposits / COIs from general public / individuals will be required to contain their total investment in shares up to 35% of their equity.

2. It is further clarified that the shares will be valued at cost of acquisition for the purposes of calculation under Prudential Regulation R-6, Para 1.B.

Please acknowledge receipt.

Yours faithfully,
(Muhammad Kamran Shehzad)
Director

BPD Circulars/ Circular Letters issued in 2002
 

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