Bank of Punjab President Fails to Get Clearance From SBP - Android

The State Bank of Pakistan (SBP), in a notification to Bank of Punjab (BOP), has informed that the request for… Read More

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The State Bank of Pakistan (SBP), in a notification to Bank of Punjab (BOP), has informed that the request for ‘Fit and Proper Test’ (FPT) clearance of Syed Muhammad Talib Rizvi for his appointment as President/CEO of the Bank of Punjab (BOP) has not been approved.

The State Bank of Pakistan said that he lacks diversified experience and skillset required for this position.

In response to BOP’s letter seeking FPT clearance for Rizvi, dated 26 April 2019, the SBP stated,

We regret to inform you at this point and time, we are unable to clear Razvi’s FPT as he lacks diversified experience and skill set required for this position.

Considering the urgency of the matter, the bank is advised to entrust acting charge of the office of CEO to a key executive of the bank, who meets the FPT requirements for the subject position.

The SBP also advised the bank to submit FPT documents of a suitable person, meeting the prescribed criteria and other applicable requirements for the position of President/CEO of BOP.

Talib Rizvi had been appointed as the President and CEO of Bank of Punjab (BoP) by the provincial government. He has served at various key positions in different banks including SEVP at Bank Alfalah Habib, SEVP and Group Executive Retail Bank at Metropolitan Bank, and Group Head Retail and Consumer Banking at Dubai Islamic Bank.

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