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Wednesday, November 6, 2024

Home Business SECP warns public against business, investment in TIBL

SECP warns public against business, investment in TIBL

by News desk
January 28, 2022
in Business

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The Securities and Exchange Commission of Pakistan (SECP) has warned the general public that it has cancelled the license of Trust Investment Bank Limited (TIBL) effective from November 1, 2018 due to its continuous violations of the NBFC Regulatory Framework.

The Commission has also filed winding up petition in the Honorable Lahore High Court in January 2019.

Pursuant to cancellation of license and filing of winding up petition, TIBL is not authorized to undertake any form of licensed business as a Non-Banking Finance Company under NBFC Regulatory Framework.