From Boston Herald By Jordan Graham November 5, 2013 Bitcoin — the digital currency produced...
SMED Circular No. 10 (guidelines for commercial banks to undertake microfinance business)
(enacted in 2006)
Guidelines for Commercial Banks to Undertake Microfinance Business, issued as Annex A under SMED Circular No. 10 by the State Bank of Pakistan, provides guidelines for commercial banks to provide microfinance services under four different modes:
- Mode 1 – Microfinance counters at existing branches;
- Mode 2 – Standalone microfinance branches;
- Mode 3 – Establishing independent microfinance banks as subsidiaries of banks; and
- Mode 4 – Developing linkages with microfinance banks and microfinance institutions.