Should this deed be signed by more than one person

Should this Deed be signed by more than one person, all signatories hereto shall be jointly and severally
liable to Bank for all the liabilities herewith.
Should the Borrower be a company or a firm, the liability of such company or firm towards the Bank shall
remain effective despite any change in the constitution, memorandum and/or articles of association of the
said company or firm.
Without prejudice to the Bank’s absolute right to submit to any other law or jurisdiction, this document
shall be governed construed and interpreted in accordance with the law of the country.
Signatures of Witnesses Signature of the borrower.
Witness—1
Witness---2

Banking Laws and Practices-BNK 601 VU
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LESSON LESSON 38 38 38
PRUDENTIAL REGULATIONS OF SBP
SBP Prudential Regulations
In order to promote good governance in the banking system , the State Bank of Pakistan announced a set
of prudential regulations on August 29,1991.These regulations were made effective from 1st of July, 1992
Non-Bank Financial Institution (NBFIs) have also been placed under regulatory regime of SBP.
Considerations & Factors for introducing Prudential Regulations:
The said regulations were introduced keeping in view the following factors;
• Creation of healthy lending as well as borrowing culture.
• Protection of depositors as well as share holders interests.
• Improvement in banking management & governance standards, ensuring a strong, viable and
disciplined growth of banking sector.
• Designing minimum criteria for credit risk management.
• Prevention of misuse of banking facilities and channels. (e.g. Anti money laundering regulations).
Regulations for Corporate/Commercial Banking
Main contents are outlined hereunder:
Part A—Definitions'
Part B—Regulations.
• Risk Management. Rl To R13
Corporate Governance Regulations
Gl to G4
KYC & Anti Money Laundering Regulations.
Ml &M2
Operations 0-1 To 0-5
Annexure.
B) Regulations For Small & Medium Enterprises Financing
Regulations R l To R 11
Annexure
Prudential Regulation for Consumer Financing Regulations for consumer financing.R1 to 6
Regulations for Credit cards. O1 to O7
& R.7& R8
Regulations for Auto Loan. R-9 to R14
Regulation for Housing Finance.
R15 to R23
Regulations for Personal Loan Including Loans for Purchase of Consumer durables.
R24 to R28
Annexure-1- Margin Requirements under Regulation #6
Prudential Regulations for Consumer Financing
Consumer financing means any financing allowed to individuals for their personal, family or house hold
needs including the following:
• Credit cards

Banking Laws and Practices-BNK 601 VU
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233
• Auto loans
• Housing finance
• Personal loans
Definitions as contained in these regulations are given hereunder:
Bank means a banking company as defined in the Banking Companies Ordinance, 1962.