The State Bank of Pakistan (SBP) has announced restructuring of its Banking Inspection Department. As per new plan, Banking Inspection (On-Site) Department has been divided into two parts, ie, Banking Inspection Department-I (BID-I) and Banking Inspection Department-II ((BID-II). Arshad Mehmood Bhatti and Ghulam Muhammad have taken over charge as Director, BID-I and Director, BID-II, respectively.
In addition, two lists of financial institutions, which would come under the purview of BID-I and BID-II, have been issued by the State Bank.
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