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Pakistan: Prudential Regulations for Microfinance Banks (MFBs)
Mar 2007
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This document provides regulations for Microfinance Banks (MFBs) as of March 2007.

This document contains regulations applicable to all Microfinance Banks (MFBs) that the State Bank of Pakistan has licensed.

The regulations address the following topics:

The definition of terms such as "approved securities"?, "equity"?, "exposure"?, etc;
Minimum capital requirements for an MFB to commence business;
Extent of exposure to contingent liabilities;
Maintenance of cash reserves and liquidity;
Statutory reserves;
Deposit protection;
Restrictions on certain types of transactions;
Maximum loan size and maximum exposure of a borrower;
Classification of assets and provisioning requirements;
Investments and other assets;
Rescheduling and restructuring of loans;
Pricing of products and services;
Prevention of the criminal use of MFB channels;
Removal of records;
Management;
Places of business;
Reconciliation of inter-branch accounts
Audits;
Operational policies;
Criteria for Board members and the Chief Executive;
Statistical submission requirements;
Credit ratings.


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