KARACHI: Sindh Microfinance Bank a wholly-owned subsidiary of Sindh Bank Ltd. gets banking license from State Bank of Pakistan to operate as a provincial level bank in Sindh.
Sindh Microfinance Bank having its head office in Karachi was incorporated in March this year with equity of Rs. 750 million injected by Sindh Bank.
Sindh Microfinance Bank will focus on serving the under-developed areas of Sindh ensuring that the basic banking services should reach the poor people with emphasis on the rural women empowerment. The bank has chalked out a comprehensive plan to introduce products and services aiming at providing economic support to thousands of rural households.