SBP carrying out ‘mystery shopping’

SBP rubbishes rumours of limiting ATM cash withdrawal to Rs1,000

State Bank of Pakistan (SBP) was conducting ‘mystery shopping’ to know the problems being faced by the customers while availing house loans and was guiding the banks for customers’ facilitation.

“We have completed 11 cycles of mystery shopping. Our officers visit banks for house loans inquiries by disguising themselves as teachers, shopkeepers or low income clients to check what hurdles they were facing in sanctioning of loans,” Chief Manager SBP, Waqas Kashif Bajwa said while addressing executive body of Multan Chambers of Commerce & Industry here.

Flanked by Deputy Chief Manager, Ms Quratul Ain and Assistant Chief Manger, Imran Sadaf, he urged upon industrialists and public to use complaints portal and other avenues of the central bank for redressal of their issues adding that within three days a complaint is processed about housing loaning.

SBP Cheif Minister regretted that banks normally wanted to sell their products instead of promoting central banks subsidized schemes and added that regular seminars would be arranged at MCCI.—APP

Previous articleLarge industry grows 7.26% in two months
Next articleCrude oil set to rally after over 3pc weekly gains