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Banks to remain open today

April 07, 2013

KARACHI, April 6: The State Bank of Pakistan advised all banks on Saturday to open their offices and branches dealing with the credit information on Sunday from 8am to 12 midnight to address issues about credit information of the contesting candidates.

A statement issued on Saturday said this would help the banks issue clearance certificates to those borrowers who had cleared their overdue liabilities, update eCIB system of the SBP and address any other issues.

The SBP had earlier informed the Election Commission that the credit information position being provided by it was as of Feb 28, 2013. The SBP had suggested that ECP may consider clearance certificates issued by the banks concerned in case of those borrowers who had settled their loans after Feb 28, 2013, to determine the eligibility of the candidates.—APP