Please refer to BSD Circular No.16 dated November 06, 2004, wherein banks / DFIs were advised to follow the instructions contained therein with regard to reporting of credit data to private credit bureaus. In this connection banks / DFIs are advised to observe the following instruction before reporting an overdue to eCIB of State bank of Pakistan:-

The banks / DFIs shall send an intimation letter to the concerned borrower before reporting 90 days overdue against his / her name to eCIB. Such letter shall, interalia, inform the borrower about the implications of reporting of name to eCIB, and allow reasonable time period (at least 15 days) for reconciliation / settlement of overdue liabilities.

All other instructions on the subject shall, however, remain unchanged.

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