The Presidents/ CEOs,
All Banks.
Dear
Sirs/Madam,
CLARIFICATION
- RENEWAL FEE FOR BANKING/BRANCH(ES)
LICENCES ISSUED UNDER SECTIONS 27 & 28 OF BCO 1962
Please
refer to BPD Circular No. 31 dated October 5, 2004 and BPD
Circular No. 34
dated November 2, 2004 on the captioned subject.
2.
The matter has been reconsidered and it has been decided
to amend Para 4 of the BPD Circular No. 31 dated October
5, 2004 as under:-
“It
has further been decided that, henceforth, every bank which
has a branch network of more than 100 branches shall open
at least 20% of the branches, planned to be opened under
its annual branch expansion plan, outside the jurisdiction
of big cities
and Tehsil Headquarters. The jurisdiction for opening of
20% of the branches will also include those Tehsil Headquarters
where no branch of any bank exists. The banks are advised
to keep this in view while submitting their annual branch
expansion plans to SBP..”
3.
This Circular Letter supersedes the instructions issued
vide BPD Circular No. 34 of 2004..
4.
Please acknowledge receipt.