SBP Orders Banks to File Cases Against Loan Defaulters – Fintech News Pakistan
SBP Directs Banks to File Recovery Suits for High-Value NPLs Before Charge-Offs The State Bank of Pakistan (SBP) has issued new directives requiring banks to file recovery suits in court for non-performing loans (NPLs) with an outstanding principal amount exceeding Rs. 10 million at least two years before considering them for charge-off. This move aims…