Submission of soft CAR copies: SBP directive to banks, DFIs

RECORDER REPORT

KARACHI: The State Bank of Pakistan advised all banks and DFIs to submit soft copies of their quarterly unaudited Capital Adequacy Returns (CAR) within 18 working days of the end of each calendar quarter.

According to SBP BSD Circular No 2, soft copies of quarterly unaudited Capital Adequacy Returns will be submitted on consolidated as well as on stand-alone basis, as per formats describe by SBP.

Banks and DFIs have also been asked to submit soft copies of their annual audited Capital Adequacy returns, on consolidated as well as on stand-alone basis, within three months of the end of each calendar year. Besides that, they are required to upload the completed files (both quarterly and annual) to Data Acquisition Portal version 4 (DAP-4) within the aforementioned time period.  Banks and DFIs will continue to report their quarterly unaudited and annual audited Capital Adequacy returns in hard form until further instructions, SBP said.