The COPE committee has put forth recommendations aimed at addressing the administrative deficiencies of the State Mortgage and Investment Bank, transforming it into a competitive institution with a renewed approach.
As reported by the Parliamentary Communications Department, the COPE Committee has advised that a comprehensive report be requested regarding the resolution of the losses incurred by the bank, along with the legal actions taken concerning the submission of fraudulent documents to secure a loan of 68 million rupees.
Furthermore, the COPE committee has called for the implementation of a fully automated bank debit system and suggested that the delayed annual reports for 2021/2022 be submitted by the end of January.
It is noteworthy that the COPE committee has highlighted the issue of ten branches with a notably high non-active loan ratio, surpassing the bank’s average non-active loan ratio.
