{"id":86634,"date":"2022-06-15T12:14:41","date_gmt":"2022-06-15T07:14:41","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=86634"},"modified":"2022-06-15T12:14:46","modified_gmt":"2022-06-15T07:14:46","slug":"sbp-crr-requirements-housing-finance","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-crr-requirements-housing-finance.html","title":{"rendered":"SBP relaxes banks&#8217; CRR requirements for housing finance"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) has lowered the Cash Reserve Requirement (CRR) for banks in order to permit increased liquidity concerning housing and construction finance targets, according to a news published on June 15.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/low-cost-housing-banks-loan-in-fy-22.html\" target=\"_blank\" rel=\"noreferrer noopener\">Low-cost housing loan: Banks double loan output, reaching PKR 404 bn in FY-22<\/a><\/p>\n\n\n\n<p>Reportedly, SBP has allowed banks to retain lower or additional CRR in the next quarter in relation to surplus or deficit objectives for the quarter ending June 30, 2022, as defined by the procedure. As per the circular issued in this regard on Tuesday (June 14), the SBP has decided that for the banks that meet or do not meet quarterly targets, \u2018CRR will not be applicable on surplus or shortfall in targets for housing and construction finance for the quarter ending September 30, 2022, and onwards till further instructions on the matter\u2019. As per the experts, through this move, the banks will be able to enjoy high liquidity. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-interest-rate-150-points.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP hikes interest rate by 150 points, reaches 13.75%\u00a0<\/a><\/p>\n\n\n\n<p>Moreover, the central bank further stated that banks will maintain CRR (without any lower or extra standards) beginning after October 21, 2022. It is also important to mention here that the SBP has asked banks to allocate a certain percentage of their total loans to the housing sector in order to facilitate home buyers. The targets have been and failing to meet those targets would be subjected to penalties by <a href=\"https:\/\/www.zameen.com\/news\/sbp-housing-loan-in-february.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) has lowered the Cash Reserve Requirement (CRR) for banks in order to permit increased liquidity concerning housing and construction finance targets, according to a news published on June 15. Read: Low-cost housing loan: Banks double loan output, reaching PKR 404 bn in FY-22 Reportedly, SBP has allowed banks to retain lower or additional CRR in the next quarter in relation to surplus or deficit objectives for the quarter ending June 30, 2022, as defined by the procedure. As per the circular issued in this regard on Tuesday (June 14), the SBP has decided that for the banks that meet or do not meet quarterly targets, \u2018CRR will not be applicable on surplus or shortfall in targets for housing and construction finance for the quarter ending September 30, 2022, and onwards till further instructions on the matter\u2019. As per the experts, through this move, the banks will be able to enjoy high liquidity. Read: SBP hikes interest rate by 150 points, reaches 13.75%\u00a0 Moreover, the central bank further stated that banks will maintain CRR (without any lower or extra standards) beginning after October 21, 2022. It is also important to mention here that the&hellip;<\/p>\n","protected":false},"author":75,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[52708],"persona":[],"class_list":{"0":"post-86634","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-sbp-relaxes-banks-crr-requirements-for-housing-finance","10":"cat-15016-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP relaxes banks&#039; CRR requirements for housing finance - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) has lowered the Cash Reserve Requirement (CRR) for banks in order to permit increased liquidity concerning\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-crr-requirements-housing-finance.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP relaxes banks&#039; CRR requirements for housing finance - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) has lowered the Cash Reserve Requirement (CRR) for banks in order to permit increased liquidity concerning\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-crr-requirements-housing-finance.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-15T07:14:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-15T07:14:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/SBP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SBP relaxes banks' CRR requirements for housing finance - Zameen News","description":"Karachi: The State Bank of Pakistan (SBP) has lowered the Cash Reserve Requirement (CRR) for banks in order to permit increased liquidity concerning","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/sbp-crr-requirements-housing-finance.html","og_locale":"en_US","og_type":"article","og_title":"SBP relaxes banks' CRR requirements for housing finance - Zameen News","og_description":"Karachi: The State Bank of Pakistan (SBP) has lowered the Cash Reserve Requirement (CRR) for banks in order to permit increased liquidity concerning","og_url":"https:\/\/www.zameen.com\/news\/sbp-crr-requirements-housing-finance.html","og_site_name":"Pakistan Real Estate News &amp; 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