KARACHI: Mashreq Pakistan is waiting for approval from the State Bank of Pakistan to launch digital retail banking operations as the bank is eager to capitalise on the exceptionally dynamic.
Raqami Islamic Digital Bank (RIDB) obtained a no objection certificate (“NOC”) and in-Principal Approval (IPA) from the State Bank of Pakistan (SBP) to establish an Islamic digital retail bank in Pakistan under the Licensing and Regulatory Framework for Digital Banks (the Framework).
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