With
a view to closely monitoring the condition of individual banks/NBFIs
as also the general conditions obtaining within the banking
system, the State Bank is in the process of upgrading and
further strengthening its off-site surveillance and early
warning systems. For this purpose the Bank need some additional
date on financial condition and operating performance of banks/NBFIs.
Accordingly, a format titled "Quarterly Report of Condition"
alongwith detailed instructions for its compilation is enclosed.
Banks/NBFIs are advised to submit two copies of the requisite
Report on the prescribed format to this department within
30th June, 1999. First such Report viz. for the
quarter ending 30th June, 1999 can, however, be
submitted within 45 days i.e. by 15th August, 1999.
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Accuracy of reported data and its timely submission will be
of vital importance for achieving the desired objectives and
can hardly be over-emphasised. Banks/NBFIs are, therefore,
advised to ensure accuracy of data and their timely submission.
Failure to comply with these instructions will attract penal
provisions of the Banking Companies Ordinance, 1962.
Please acknowledge receipt.
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