State Bank warns public against fake SBP housing societies
KARACHI: State Bank of Pakistan (SBP) has warned general public against fake housing societies using the name of the central bank.
In an public notice, the SBP said that in order to safeguard public interest and promote awareness among general public, it is clarified that SBP or any of its subsidiaries did not own any cooperative society with any name and has no concern whatsoever with the SBP Employees Cooperative Housing Society Ltd or any name of SBP. Any person/organization dealing with these societies shall do so at his / their own cost and risk.
It said that the SBP reserved every right to take legal action against those who are using SBP’s name to achieve their personal motives / benefits and harm the institution’s repute.