NetSol Technologies, Inc. (NTWK) Signs Basel II Contract with Pakistan Bank
NetSol, a multinational IT services provider, announced the signing of a contract with a leading financial institution in Pakistan to officially estimate the value of its readiness and to assist its act in accordance to the framework of the Basel II Capital accord. NetSol will assess the state of condition and readiness of the bank (under terms of contract) in adopting the Internal Rating Based approach of the Basil accord for credit risk. Pakistan is very proactive in its encouragements to the banking industry, noted State Bank of Pakistan, to fully adopt the Basel II accord. “We are very pleased…