Sindh Microfinance Bank received license from SBP
KARACHI: Sindh Micro-finance Bank a wholly-owned subsidiary of Sindh Bank Ltd. gets banking license from State Bank of Pakistan to operate as a provincial level bank in Sindh.
Sindh Micro-finance Bank having its head office in Karachi was incorporated in March this year with equity of Rs. 750 million injected by Sindh Bank.
Sindh Micro-finance Bank will focus on serving the under-developed areas of Sindh ensuring that the basic banking services should reach the poor people with emphasis on the rural women empowerment. The bank has chalked out a comprehensive plan to introduce products and services aiming at providing economic support to thousands of rural households