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Banking Inspection Department-I (BID-I) is one of the core departments of SBP with a pivotal role of meeting SBP’s main responsibility of supervising the financial institutions to maintain soundness of the financial system and safeguarding the interest of depositors, thereby ensuring public confidence in the system. It also strives to safeguard interest of stakeholders through proactive inspection, compatible with best international practices in keeping with changing global environment in financial sector.

On-site inspection is considered as key supervisory tool as it provides updated information on the standing of an institution. The regular on-site inspection of Banks/Micro Finance Banks (MFBs) is conducted on the basis of CAMELS Framework (Capital, Asset Quality, Management, Earnings, Liquidity and System & Controls). The focus of inspection is generally on risk assessment, compliance with laws, regulations & supervisory directives, compliance with policies & procedures, adequacy of internal control, governance framework and practices. Presently the inspection of the Exchange Companies is carried out to check their compliance with applicable Laws and State Bank of Pakistan (SBP) Rules and Regulations issued from time to time.  For this purpose a review of primary business activities such as Sale/Purchase of currencies, Inward and outward Remittances and export of currencies is carried out. Other activities and controls like internal audit, compliance, corporate governance, internal controls; MIS etc are also evaluated before reaching at a final rating of the company. Main focus is however on the compliance level achieved by the exchange company.

On-site inspections are conducted pursuant to an approved inspection schedule. The frequency of inspections depends on rating of the inspected bank/ DFI with focus of supervisory resources on systemically important institutions and those posing higher supervisory concerns. The bank examiners document their assessment of institution in the form of inspection reports, which are finalized after due discussions with the banks’ senior management. The inspection reports are shared with the respective institutions and concerned departments of SBP.

Following is the list of Financial Institutions allocated to Banking Inspection Department – I.

Sr. No Name of Financial Institution
 Commercial Banks
1  Allied Bank Limited
2  Askari Bank Limited
3  Citibank, N.A-Pakistan Ops
4  Deutsche Bank AG-Pakistan Ops
5  Faysal Bank Ltd
6  First Women Bank Ltd
7  Industrial & Commercial Bank of China Ltd - Pakistan Ops
8  Industrial Development Bank Ltd
9  National Bank Limited
10  NIB Bank Limited
11  Punjab Provicial Cooperative Bank Limited
12  Sindh Bank Limited
13  SME Bank Limited
14  Standard Chartered Bank (Pakistan) Limited
15  Summit Bank Limited
16  United Bank Limited
 Microfinance Banks
17  Apna Microfinance Bank Limited
18  FINCA microfinance Bank Limited
19  Khushali Microfiance Bank Limited
20  NRSP Microfinance Bank Limited
21  Pak Oman Microfinance Bank Limited
22  Tameer Microfinance Bank Limited
23  The First Microfinance Bank Limited
24  U Microfinance Bank Limited
25  Waseela Microfinance Bank Limited
26  Advans Microfinance Bank

List of Full Fledged Exchange companies and ‘B’ Category Exchange Companies available on EPD webpage

Circulars/ Circular Letters of Banking Inspection Department – I

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