SBP tells banks to submit daily cash report via DAP

The State Bank of Pakistan (SBP) has asked banks for daily reporting of branch-wise cash receipts & payments data via Data Acquisition Portal (DAP).

Banks are already submitting denomination-wise and branch-wise monthly stock position of cash balance via DAP. While appreciating the efforts of banks in efficient reporting through DAP, the SBP intends to further improve the reporting mechanism with a view to monitoring and managing the cash operations. Hence, banks would be required to upload/submit branch-wise cash receipt and withdrawal position at each day end.

Accordingly, the SBP has made necessary development in the DAP to facilitate banks in submission of branch-wise daily position. In October 2018, the SBP introduced daily branch-level reporting of cash receipts and payments, with a view to monitoring and managing cash operations across the industry.

Therefore, in order to further enhance the control over reported data, the SBP has decided to route the data reporting through Data Acquisition Portal (DAP). Banks are therefore advised by the SBP to report daily branch-wise cash receipts & payments data via the DAP with effect from December 9, 2019.