Bilal Slides

8/9/2019 Bilal Slides

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Origin of the word, Bank !Origin of the word, Bank !

TheThe namename bankbank derivedderived fromfrom thethe ItalianItalian

wordword bancabanca "desk/bench","desk/bench", usedused bybyFlorentinesFlorentines bankersbankers..

GermanGerman wordword BankBank meansmeans JointJoint stockstock

FundFund..


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BANK (Definition)BANK (Definition) financial institutionfinancial institution

that accepts deposits,that accepts deposits,

extends credit,extends credit,

channels the money into lending activitieschannels the money into lending activities.. generates profits from transaction fees and by thegenerates profits from transaction fees and by the

interest it charges for lending.interest it charges for lending.


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Central Bank Anations monetary authority or agency

charged with conducting monetarypolicy along with other duties.


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Central BankCentral Bank

(Key Functions)(Key Functions) principal monetary authority of a nation

issuing currency

regulating the supply of credit

controls bank licensing

also controls countrys monetary and financial

institutions and markets. adviser to the government


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Some ancient banks

TheThe oldestoldest centralcentral bankbank inin thethe worldworld isis thetheRiksbankRiksbank inin Sweden,Sweden, whichwhich waswas openedopened inin 16681668

In (1694),The Bank of England, was founded asIn (1694),The Bank of England, was founded asa joint stock company.a joint stock company.

The US Federal Reserve created by the U.S.The US Federal Reserve created by the U.S.

Congresss on December 23, 1913.Congresss on December 23, 1913.


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Important Central Banks of the

world

Australia Reserve Bank ofAustralia.

France Bank of France (Banque de France)

Germany Federal Bank of Germany (DeutscheBundesbank)

India Reserve Bank of India

Switzerland Swiss National Bank.

United States of America Federal ReserveSystem.

Pakistan State Bank of Pakistan.


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STATE BANKOFPAKISTAN


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History

Before independence the Reserve Bankof India was the central bank forindopak.

Reserve Bank of India functioned inPakistan till 30th Sep 1948.

The State Bank of Pakistan commencedoperation on July 1, 1948.


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History

The important tasks were:

Issuance of currency notes. Withdrawal of Reserve Bank of india

notes.

First pakistan notes issued in Oct 1948in the denominations of Rs.5,10 and100.


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Constitution

According to State Bank of Pakistan Order1948,SBPs duty was to

regulate the issue of bank notes and keepingof reserves with a view to securing monetary

stability in Pakistan and generally to operatethe currency and credit system of the countryto its advantage.


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According to section 4 of the SBP Act1956, it had a mixed ownership

51% of paid up capital of Rs.10 caroreswas held by the Federal Governmentand

49% by private sector.

Nationalized in 1974.


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Management

Central Board of Directors, comprise of

Governor who is chief executive (forthree years).

One or more Deputy Governors

Seven Directors nominated by theFederal Government.


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StaffAnd Departments 32 departments

employing over6500

persons. Banks Head Quarters


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The Past Governors of SBPThe Past Governors of SBPName of Governor Duration

1. (Late) Mr. Zahid Hussain (10-06-1948 TO 19-07-1953)

2. (Late) Mr. Abdul Qadir 20-07-1953 TO 19-07-1960)

3. (Late) Mr. Hasnie (20-07-1960 TO 19-07-1967)

4. (Late) Mr. Mahbubur Raschid (20-07-1967 TO 01-07-1971)

5. Mr. S.U. Durrani (01-07-1971 TO 22-12-1971)

6.(Late) Mr. Ghulam Ishaq Khan (22-12-1971 TO 30-11-1975)

7. (Late) Mr. S. Osman Ali (01-12-1975 TO 01-07-1978)

8. Mr. A.G.N. Kazi (15-07-1978 TO 09-07-1986)

9. Mr. V.A. Jafarey (10-07-1986 TO 16-08-1988)

10. Mr. I.A. Hanfi FIRST TERM

(17-08-1988 TO 02-09-1989)

Mr. I.A. Hanfi SECOND TERM

(01-09-1990 TO 30-06-1993

11. Mr. Kassim Parekh (05-09-1989 TO 30-08-1990)

12. Dr. Muhammad Yaqub (25-07-1993 TO 25-11-1999)

13. Dr. Ishrat Hussain (02-12-1999 TO 01-12-2005)


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Present Governor Dr. Shamshad Akhter

Organizational Chart Balance Sheet

Income Statement


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Training Facilities to Bankers Institute of Bankers Pakistan

NIBAF

SEANZA Courses

Training on Islamic Banking

Scholarships for PhD

Library Services


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Institute of Bankers

Pakistan established for conducting examinations in prescribed

banking courses

improvement of operational efficiency of commercialbanking system.

providing better facilities for training and educationin banking.

organize seminars and short courses


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NIBAF NationalInstitute ofBanking and Finance (NIBAF)

NIBAF was set up under the Companies Ordinance

1984 with a paid up capital of Rs250.0 million. 1997 State Bank of Pakistan Took over the assets of

NIBAF

State Bank Training Institute (SBTI) Islamabad


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SEANZA Courses Formed in 1956

SEANZA is a group of 17 central banks in South EastAsia

Region comprising Australia, Bangladesh, China, India,Indonesia, Iran, Japan, Korea, Malaysia, Nepal, New Zealand,Pakistan, Papua New Guinea, Philippines, Singapore, Sri Lanka

and Thailand

State Bank of Pakistan is one of its five founding

members

The Bank hosted the 5th and 20th SEANZACentralBanking Courses (Karachi).


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Training Training on Islamic banking

Scholarships for

PhD


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Library Services main library was setup in 1949

at Central Directorate of State Bank of

Pakistan (Karachi)

Consists of books,

technical reports,

Government documents, magazines relating of economics, banking,

finance, management, commerce, etc.

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