Banking industry plays instrumental role in financial inclusion

Amanullah Khan

Karachi—Ashraf Mehmood Wathra, Governor State Bank of Pakistan, has said that the banking industry is playing an instrumental role when it comes to inclusion – approximately 800 new branches are opened every year in urban and rural areas; products like sms banking, mobile banking, internet banking are playing a critical role to make inclusion possible. The Governor SBP said this at the Pakistan Banking Awards ceremony here. ‘The award categories selected are true manifestation of our vision for the banking industry highlighting inclusion, focus on SME, Micro finance, Corporate Finance and Capital Market Development, Customer Franchise, CSR and last but not the least Islamic Bank.
Total 28 banks were considered for the awards and eight banks of the country received awards in different categories for their performance recognized by a distinguished jury based on the evolution and performance of a bank over the time as well as its current standing in Pakistan. Shabbar Zaidi, partner, A. F. Ferguson said these banking awards are meant for rewarding those institutions that are contributing to our national development along with effective
Awards were given in 8 categories. United Bank Limited won the ‘Best Bank’ award. Tameer Microfinance bank bagged two awards for ‘Bank the Unbanked’ and ‘Best Microfinance Bank’. Best Islamic Bank was awarded to Meezan Bank. HBL won the ‘Best Bank for Small Business and Agriculture’ and ‘Best Environmental, Social and Governance Bank’. MCB was awarded as ‘Best Bank for Corporate Finance and Capital Market Development’. Bank Alfalah bagged the ‘Best Customer Franchise Award’.

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