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PRs Consumer

PRs Consumer

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Published by Muskan94

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Published by: Muskan94 on Jan 22, 2011
Copyright:Attribution Non-commercial

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07/06/2013

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PRUDENTIAL REGULATIONSFORCONSUMER FINANCING
 
BANKING POLICY ANDREGULATION DEPARTMENT
STATE BANK OF PAKISTAN
 
 
THE TEAM
NAME DESIGNATION TELEPHONE NO. & E-MAIL
Muhammad Kamran Shehzad Executive Director (92-21) 9212512kamran.shehzad@sbp.org.pk Syed Irfan Ali Director (BP & RD)(92-21) 9213580syed.irfan@sbp.org.pk Inayat Hussain Director (BID)(92-21) 9211059inayat.hussain@sbp.org.pkMohsin Rasheed Joint Director(92-21) 9212434mohsin.rasheed@sbp.org.pkAllauddin Achakzai Jr. Joint Director (92-21) 2453519allauddin.achakzai@sbp.org.pk 
Website Address: www.sbp.org.pk
 
 
C O N T E N T S
PART-A
Definitions 9
PART-B
Minimum requirements for consumerfinancing.12
PART-C
Regulations 15
Regulation R-1
Facilities to related persons & utilization of clean loans for Initial Public Offerings (IPOs)15
Regulation R-2
Limit on exposure against total consumerfinancing.15
Regulation R-3
Total financing facilities to be commensuratewith the income.16
Regulation R-4
General reserve against consumer finance. 16
Regulation R-5
Bar on transfer of facilities from one categoryto another to avoid classification.16
Regulation R-6
Margin requirements. 16
REGULATIONS FOR CREDIT CARDSRegulation O-1
Receipt of credit cards. 18
Regulation O-2
Statement of accounts. 18
Regulation O-3
Unauthorized / wrong transactions. 18
Regulation O-4
Partial payment by cardholder. 18
Regulation O-5
Due date for payment. 19
Regulation R-7
Maximum card limit. 19
Regulation R-8
Classification and provisioning. 19

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