Sindh Microfinance Bank (SMFB) is a wholly owned subsidiary of Sindh Bank. SMFB got the NOC from State Bank of Pakistan (SBP) and was incorporated with Securities & Exchange Commission of Pakistan (SECP) on March 27, 2015 under Section 32 of the Companies Ordinance 1984 (XL VII of 1984).
The bank has an initial paid-up capital of Rs. 750 million.
The Sindh Microfinance Bank Ltd has started its Microfinance business operations on May 3, 2016 from its Karachi Branch
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