MFD Circular No. 2 (amending MFB prudential regulations on cash reserve & liquidity)

Pakistan

(enacted in 2009)

The MFD Circular No. 2 of 2009, issued by the State Bank of Pakistan, amends the following prudential regulations from Prudential Regulations for Microfinance Banks (2007):

  • Regulation 10 (maximum loan size and disclosure of basic terms & conditions of financial products);
  • Regulation 11 (maximum exposure of a borrower from MFBs/MFIs/banks/other financial institutions;
  • Regulation 12 (loan classification and provisioning requirements); and
  • Regulation 30 (definition of poor person).