Halan Microfinance Bank’s Post

Commercial banks are hesitant or unable to provide financial services to less lucrative rural markets. Villages are too small to justify setting up branches, and State Bank of Pakistan (SBP) regulations prohibit banks from doing business outside a 50km radius of a branch (via mobile van banking). Some banks (e.g. Habib Bank, MCB) use vehicles to offer mobile banking services, but their products remain ill-suited to smallholder clientele due to high minimum loan values and stringent collateral requirements. Microfinance services providers target rural farmers, but their coverage remains low, due to high transaction costs and limited human resources. Digital financial services have overcome this challenge and provide innovative financial services for everyone. financial inclusion is the backbone of the country's economy. #financialinclusion #pakfindigest #Statebank #worldbank #HBL #Askaribank #Meezanbank #Sadapay #microfinance #MCB #financialliteracy

Jahanzeb Khan, President & CEO of Telenor Microfinance Bank Limited shares his thoughts regarding digital transformation from a financial sector perspective as well as how to encourage people to start using digital financial services. #FinancialInclusion #MicrofinanceGrowth #EmpowermentThroughFinance #JobCreation #ForeignInvestment #ADB #AMC8 #telenormicrofinance #digitaltransformation

In a groundbreaking move set to redefine the banking landscape in #Pakistan, U Microfinance Bank Limited (U Bank) and Raqami Islamic Digital Bank have announced a #strategic interoperable #partnership. This #collaboration aims to provide branch banking services to #RIDBL customers through U Bank's extensive network, marking a significant milestone in the country's #digitalbanking evolution. Under this innovative alliance, U Microfinance Bank Limited will extend its Shariah-compliant services, including its network of over 375 brick-and-mortar branches nationwide, to #RIDBL customers. This will facilitate seamless physical Cash In/Cash Out (CICO) transactions and other branch banking facilities for RIDBL's digital banking clientele. Read more: https://lnkd.in/drM5Gmps U Microfinance Bank Limited Raqami Islamic Digital Bank #UBank #Raqami #partnership #lamicBanking #DigitalBanking #RIDBL #Fintech #FintechnewsPakistan

Karur Vysya Bank Reports Strong Q2 FY25 Performance: A 25.1% Surge in Net Profit! We’re excited to share that Karur Vysya Bank has achieved an impressive 25.1% increase in net profit for Q2 FY25. This robust performance highlights the bank's strategic focus on growth and financial health. Key Highlights: Net Profit Growth: The bank’s significant profit surge reflects effective cost management and increased operational efficiency. Strong Asset Quality: Continued improvement in asset quality underlines the bank’s commitment to prudent lending practices. Customer-Centric Strategies: Emphasis on innovative banking solutions and customer service excellence is driving growth. What This Means for Investors: This remarkable performance positions Karur Vysya Bank as a strong player in the banking sector. Investors can take confidence in the bank's strategic direction and financial stability moving forward. https://lnkd.in/dffyp5U3 #KarurVysyaBank #Q2FY25 #NetProfitGrowth #BankingSector #FinancialPerformance #InvestmentInsights #GrowthStrategy #Youtubeshorts #Shorts #Facebook #Linkedln What are your thoughts on Karur Vysya Bank’s latest performance? How do you see the bank capitalizing on this growth trajectory? Let’s discuss in the comments!

Pubali Bank PLC., a private sector lender, reported an impressive 43% growth in its consolidated profit, reaching Tk877 crore in the first nine months of 2024. Read more here: https://lnkd.in/gqbdzq4W #pubalibank #bankingnews #bankingupdate #businessnews #businessupdate #industryinsights #industrynews #businessbrillianz

Financial institutions that have a simplified digital self service account opening for at least basic bank accounts (caped at PKR 1 million limit) that is embedded within the mobile app like Meezan, UBL and actively do marketing, promotion will have success at gaining deposits at lowest cost. HBL's mobile app digital account opening redirects to a web portal with a messy UI and the process is too complicated (suited for full fledged accounts but not for asaan basic banking accounts). Al Habib's UI, marketing, promotion is poor. Alfalah Rapid portal and Alfa app's some features are impressive, has potential but let down by their mostly unhelpful frontline branch banking staff.

Actually banking is part & parcel of unjust economic system called capitalism. Whereas, the divine message is guiding us towards a fair economic system, where banking will have only two functions. 1. Custodian of funds and 2. Facilitator of transfer of funds from one place to another, including settlement of foreign transactions.   a. But banks will not be permitted to use or trade in depositors' money at a price called interest. b. Further, if we remove 'the concept of pegging Islamic deals to interest rates'; then the entire system of Islamic banking will collapse in days. c. The experts may try this as a litmus test. Logic/Illogic of ‘Islamic Banking & Finance’ (IB&F) is shared below https://lnkd.in/gMApmiY While, we must strive to implement Islamic economic system, a glimpse of which is given below. https://lnkd.in/dArVMxTs   May Allah SWT help & guide us all towards the straight & truthful path (Aameen). https://lnkd.in/d_gqAhB6

HBL HBL Microfinance Bank LTD HBL Konnect HBL's Broken System: A Never-Ending Nightmare It is shocking that a large bank like HBL has such a poor and inefficient system. On 6th September 2024, I transferred 13,000 PKR from my JS Bank account to my friend's HBL account, but the money has not been received and all I’ve been getting are excuses and false responses. 3 months have passed, and I’ve been stuck between HBL Connect agents and helplines. Here’s what I’ve experienced: Helplines that just pass the blame onto each other instead of providing help. Connect agents who say that the device is not working or the system is down. No accountability and no urgency in resolving the issue. On 6th September 2024, when the money was transferred: The HBL helpline said the money had not been received, and I should call JS Bank. JS Bank said the money had been transferred, and they locked the complaint, telling me to wait 5 days. On 12th September, JS Bank said the money had been transferred from their side and I should call HBL helpline. The HBL helpline then said the money had arrived in HBL Connect, and I should wait 5 days. On 20th September, I was told to visit an HBL Connect agent to receive the money, but they did not provide the location of any agent, so I had to use Google Maps to find the agents myself. Even after 3 months, when I visit the agents, some say the device is not available, and those who have the device are not processing transactions. HBL’s system is really bad. I request HBL to please return my money or transfer it back to my JS Bank account. If this issue is not resolved immediately, I will no longer associate myself with HBL. HBL, do you think your customers' time and money don’t matter? Your Connect system is a joke, and your service is embarrassing for a bank of your size. This is not just about my money; it’s about HBL’s failure to provide basic services and show respect to its customers. I demand immediate action, and I hope this post brings attention to all those who are facing difficulties because of your incompetence. It’s time for you to fix your system and take responsibility! State Bank of Pakistan (SBP) #HBL #Banking_Failure #Fix_Your_System #Customer_Experience #Banking_Issues

Company Updates: Karur Vysya Bank Karur Vysya Bank Guidance Update Loan Growth: Expected to rise by 14%-15% in FY25 Net Interest Margin (NIM): Projected to be at 4% by Q3 FY25 Slippage Ratio: Expected to stay at 1% Credit Cost: Forecasted at 0.75% Credit-Deposit Ratio: Targeted between 83%-85% This guidance signals strong performance ahead for Karur Vysya Bank, providing valuable insights for investors. #CompanyUpdates #FinancialNews #MarketInsights #InvestorAlert #KarurVysyaBank #BankingSector #cnbctv18market #proinvestor #proinvestorai

First Security Islami Bank Inaugurates Noapara Branch First Security Islami Bank PLC inaugurated Noapara Branch, Jashore as 206th Branch on 22 December 2024, Sunday. Mohammad Abdul Mannan, Chairman of the bank inaugurated the Branch as Chief Guest. In the Chair of Syed Waseque Md. Ali, Managing Director of the bank, Md. Azizur Rahman, Vice Chairman and Md. Sirajul Islam, Deputy Managing Director addressed as Special Guest. Md. Abdus Salam, Executive Vice President, Ahmed Ashique Raazi, Head of Khulna Zone and Md. Yeashir Rahman, Manager of Noapara Branch, Md. Robiul Hasan, Principal of Noapara Govt. College, Motiur Rahman Faraji and Golam Mustafa local politicians along with other local elites were present in the inauguration program.   Mohammad Abdul Mannan said that, First Security Islami Bank is providing Shariah based modern banking services to all level of society as a goal of financial inclusion. According to the objectives of Islamic Shariah, he instructed the bank officials to invest the deposits of Noapara branch in this region by giving priority to employment generation and micro, SMEs, agriculture investments. He urged the customers to avail all types of Sharia-based banking services including investment, remittance and app-based services. Mufti Toiyob, Shaikhul Hadis, Noapara Pirbari Madrasa conducted doa in the program.