KARACHI: The Banking Mohtasib has granted monetary relief of Rs681 million to the customers by disposing of 12,568 complaints during the first half of 2024, said a press release issued on Monday.

During the same period last year, relief of approximately Rs539.7m was provided to the banking customers by disposing of over 12,000 complaints.

During the current year, about 96 per cent complaints were resolved amicably while only 4pc complaints were required resolution through hearings.

Despite new measures announced by the State Bank, there was not let-up in the number of complaints being lodged against commercial banks, it added.

Published in Dawn, July 23rd, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Political drama
Updated 16 Sep, 2024

Political drama

Govt must revisit its plans to bring constitutional amendments and ensure any proposed changes to judiciary are subjected to thorough debate.
Complete impunity
16 Sep, 2024

Complete impunity

ZERO per cent. That is the conviction rate in crimes against women and children in Sindh, according to data shared...
Melting glaciers
16 Sep, 2024

Melting glaciers

ACCELERATED glacial melt in the Indus river basin, as highlighted recently by the National Disaster Management...
Amendment furore
Updated 15 Sep, 2024

Amendment furore

Few seem to know what is in its legislative package, and it seems like a thoroughly undemocratic exercise overall.
‘Mini’ budget chatter
15 Sep, 2024

‘Mini’ budget chatter

RUMOURS are a dime a dozen in a volatile, uncertain economy. No wonder the rumour mills continue to generate reports...
Child beggary
15 Sep, 2024

Child beggary

CHILD begging, the ugliest form of child labour, is a curse on society. Ravaged by disease, crime, exploitation and...