Lecture_PRs-Consumer_68855 - PRUDENTIAL REGULATIONS FOR...

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PRUDENTIAL REGULATIONS FOR CONSUMER FINANCING BANKING POLICY AND REGULATION DEPARTMENT STATE BANK OF PAKISTAN
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THE TEAM NAME DESIGNATION TELEPHONE NO. & E-MAIL Muhammad Kamran Shehzad Executive Director (92-21) 9212512 kamran.shehzad@sbp.org.pk Syed Irfan Ali Director (BP & RD) (92-21) 9213580 syed.irfan@sbp.org.pk Inayat Hussain Director (BID) (92-21) 9211059 inayat.hussain@sbp.org.pk Mohsin Rasheed Joint Director (92-21) 9212434 mohsin.rasheed@sbp.org.pk Allauddin Achakzai Jr. Joint Director (92-21) 2453519 allauddin.achakzai@sbp.org.pk Website Address: www.sbp.org.pk
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C O N T E N T S PART-A Definitions 9 PART-B Minimum requirements for consumer financing. 12 PART-C Regulations 15 Regulation R-1 Facilities to related persons & utilization of clean loans for Initial Public Offerings (IPOs) 15 Regulation R-2 Limit on exposure against total consumer financing. 15 Regulation R-3 Total financing facilities to be commensurate with the income. 16 Regulation R-4 General reserve against consumer finance. 16 Regulation R-5 Bar on transfer of facilities from one category to another to avoid classification. 16 Regulation R-6 Margin requirements. 16 REGULATIONS FOR CREDIT CARDS Regulation O-1 Receipt of credit cards. 18 Regulation O-2 Statement of accounts. 18 Regulation O-3 Unauthorized / wrong transactions. 18 Regulation O-4 Partial payment by cardholder. 18 Regulation O-5 Due date for payment. 19 Regulation R-7 Maximum card limit. 19 Regulation R-8 Classification and provisioning. 19
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REGULATIONS FOR AUTO LOANS Regulation R-9 Prohibition on financing commercial vehicles. 21 Regulation R-10 Maximum tenure of loan. 21 Regulation R-11 Minimum down payment. 21 Regulation R-12 Hypothecation of vehicles. 21 Regulation R-13 Insurance. 21 Regulation O-6 Repossession of vehicles. 21 Regulation O-7 Repayment schedule. 22 Regulation O-8 Financing the purchase of used cars. 22 Regulation O-9 Authorized auto dealers. 22 Regulation R-14 Classification and provisioning. 22 REGULATIONS FOR HOUSING FINANCE Regulation R-15 Maximum per party limit. 24 Regulation R-16 Debt-equity ratio. 24 Regulation R-17 Maximum tenure of loan. 24 Regulation R-18 Mortgage. 25 Regulation R-19 Evaluation of property. 25 Regulation R-20 Monitoring of market conditions. 25 Regulation R-21 Floating rate products. 25 Regulation R-22 Classification and provisioning. 25
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REGULATIONS FOR PERSONAL LOANS INCLUDING LOANS FOR THE PURCHASE OF CONSUMER DURABLES Regulation R-23 Per party limit. 28 Regulation R-24 Hypothecation. 28 Regulation R-25 Maximum tenure of loan. 28 Regulation R-26 Running / revolving finance. 28 Regulation R-27 Classification and provisioning. 29
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9 PART – A D E F I N I T I O N S 1. Bank means a banking company as defined in the Banking Companies Ordinance, 1962. 2.
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This note was uploaded on 02/17/2011 for the course CHEM ENGG 101 taught by Professor Mister during the Spring '11 term at University of Engineering & Technology.

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Lecture_PRs-Consumer_68855 - PRUDENTIAL REGULATIONS FOR...

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