SBP has extended the provisioning deadline of NPs pertaining to Agritech
SBP has extended the provisioning deadline of NPs pertaining to Agritech from December 2014 to December 2015. Bank were required to provide for 13% of loan each quarter and as per new relaxation, they are required to provide 5.5% each quarter. This will have a positive impact on earnings of NBP, AKBL, FABL having highest exposure in Agritech.
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