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BNK601 Banking Laws & Practices Assignment No 01 Solution & Discussion Due Date:04-12-2014
DUE DATE: December 4, 2014
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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