SBP asks banks to expedite processing of Mera Ghar housing scheme applications News Desk
The State Bank of Pakistan, Friday, directed all banks and financial institutes to rationalize processing fee and devise a comprehensive mechanism equipped with online E-tracking system to expedite processing of applications received under PM’s “Mera Pakistan Mera Ghar” housing finance scheme.
“Devise a system to monitor 30 days Turn Around Time (TAT) for decision on applications received,’’ the central bank further directed while taking notice of a number of complaints especially regarding delayed processing, long turnaround time and no mechanism to track the financing application after submission.