Banking Mohtasib

President directs UBL to reimburse Rs 5.49 million to a defrauded customer

President directs UBL to reimburse Rs 5.49 million to a defrauded customer

President Dr Arif Alvi while upholding a decision of the Banking Mohtasib, has directed the United Bank Ltd (UBL) to refund the swindled amount of Rs 5.49 million to a complainant and declared that maladministration on part of the bank had been established. The president rejected UBL’s representation against Mohtasib’s decision and held that bank had displayed…

Banking Mohtasib Provides Relief of Rs 224.83 million to Banking Customers

Banking Mohtasib Provides Relief of Rs 224.83 million to Banking Customers

The Banking Mohtasib Pakistan has provided monetary relief amounting to Rs 224.83 million to the banking customers by disposing of 6,563 complaints against commercial banks during the first quarter (January to March, 2022) of the current calendar year. The Banking Mohtasib has received 8,845 new complaints, including 4,614 from Prime Minister’s Portal from 1st January…