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has been noted that some officials of Banks/NBFIs while signing
the statements/returns, letters etc addressed to SBP do not
indicate their names and designation & simply write "authorized
signatory, on behalf of, for President/SEVP/EVP etc". This
practice creates difficulties in locating/identifying the concerned
official for obtaining further information/clarification in
case of urgency and verifications of data.
2.
All banks/NBFIs are therefore, directed that signatory(ies)
of statements,returns coresspondence etc., addressed to
State Bank, must invariably clearly indicate his full name,
designation, telephone number and fax number.
3.
Non compliance of above instructions shall attract penal provision
under Banking Companies ordinance, 1962.
4. Please acknowledge receipt.
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