The State Bank of Pakistan (SBP) has created a special unit for attending to the issues of discriminatory practices at banks. The SBP has been receiving complaints from various quarters regarding discrimination by banks on the basis of high-risk category of customers including their status as Politically Exposed Persons (PEPs).
The SBP''s instructions issued vide BPRD Circular Letter No 21 dated August 19, 2008 already prohibit discrimination on the basis of specific occupation, trade, region, gender and other factors while providing financial services in normal course of business.
The SBP has therefore, reiterated that banks/DFIs should not discriminate any customer merely on the ground that he/she belongs to a particular category of customers. In this respect, the State Bank has also advised all banks/DFIs to put in place an internal mechanism for speedy handling of such complaints and nominate senior officers with the responsibility for dealing with complaints and issues related to PEPs and for co-ordination with the State Bank in the matter. Further, a special unit in the Consumer Protection Department (CPD) of SBP has been created for handling grievances against such discriminatory practices. This unit will monitor and handle the complaints which remain unresolved by banks'' internal procedure.
Comments
Comments are closed.