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BNK601 Banking Laws & Practices Assignment No 01 Solution & Discussion Due Date:04-12-2014

DUE DATE: December 4, 2014 
MARKS: 10 
Assignment Question: 
Under each given situation you are required to analyze whether theses are allowable 
transactions for a bank under “Banking Companies Ordinance 1962” or not. Give logical 
reasoning to support your answer. 
Note: Provide reference (sections) form Banking Companies Ordinance1962 where 
1. ABC Bank Ltd. is a leading bank of locality with large number of branches to 
reach the possible segments of the society. Recently bank has a plan to expand its 
operation internationally through a diversified business of exporting glass 
products. They have planned to finance their business by issuing shares in the 
local market. Moreover, bank has decided to make payment through letter of 
2. XYZ Bank Ltd. is an emerging bank, established 6 years ago and striving to gain 
reasonable market share. Bank has issued shares to raise funds for its operations 
for which they have to pay the commission to underwriters. The commission has 
not completely written off from the balance sheet but the management has 
announced Rs.3 per share dividend in order to attract shareholders. 
3. A&G Bank Ltd. is a well-established bank with highest market share among the 
public sector banks. The management of bank shows special concern for its staff 
and has planned to establish a subsidiary company as “Employees’ Trust” with 
the aim to retain the employees. They claim to be best employer by providing 
facilities to their valuable resources (employees). 
4. ANP Bank Ltd. is a micro-finance bank and its major lending is to Agriculture 
sector and SMEs. Recently, bank has received a loan application from one of its 
director to start a new business. The loan approval committee has accepted the 
loan application considering the creditworthiness of applicant and the value of 
collateral against the loan.

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