Bank deposits are absolutely safe, explains State Bank

Bank deposits are absolutely safe, explains State Bank

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—Photo edited

The State Bank explained that under a strong regulatory and supervisory framework, the established banking system in Pakistan is stable and bank deposits are absolutely safe.

According to the Chief Spokesman of State Bank of Pakistan, Pakistan’s banking system is adequately capitalized, the profitability of the banking system has increased by about 125 percent.

According to the Chief Spokesperson of State Bank of Pakistan, the resilience of the banking sector has improved further. has provided

State Bank says that in case of bank failure, the amount insured by the DPC is immediately available to the depositors, as per the regulation, the balance of the deposits can also be withdrawn after the settlement of the bank.

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Bank deposits are absolutely safe, explains State Bank
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