KARACHI, Sept 13: The State Bank on Thursday issued new set of statements for banks to trim down risks prevailing in the banking industry that may help reduce high rate of non-performing loans.

The State Bank said that it has introduced a set of prudential returns and statements for banks to enable it to effectively monitor and assess the risks posed by their relationship with the associated undertakings.

The new prudential statements introduced for all banks incorporated in Pakistan include details of related parties,  exposures to and from related parties, details of related party dealings and transactions, details of equity exposures, details of capital adequacy of subsidiaries and latest available financial statements of subsidiaries and associates.