KARACHI PR - JS Bank Limited (the ‘Bank’) was targeted during a talk show programme which was aired on a private TV channel on January 20, says a Press release. The anchorperson showed a deposit report of the Bank and made false, incorrect, misleading and defamatory remarks about the bank and its customers.
The anchorperson misstated that one of the customers was receiving below market rate on Pak rupee deposits. However, as a matter of fact, the term deposits referred by anchorperson are placed with the bank in US dollars and not in Pak rupees. The deposit rate being received by the customer is in line with market rates for institutional customers on US dollar deposits.
JS Bank is one of the fastest growing banks in Pakistan and operates through a network of more than 200 branches in 112 cities of Pakistan.