Payments to The Finance depositors to begin on June 7

5 June 2020 07:05 am - 0     - {{hitsCtrl.values.hits}}

A A A

The Central Bank yesterday said the first phase of compensation payment for The Finance Company PLC (TFC) would start on June 7.


“The first phase of the compensation payment for the individual depositors having a single deposit, will be commenced on June 7, 2020 at People’s Bank branch locations where TFC branches previously operated,” a Central Bank statement said.


People’s Bank has been appointed by the Central Bank as the agent to make the payments.


The Cenral Bank has taken steps to pay compensations up to Rs.600, 000 to all insured depositors as per the regulations of Sri Lanka Deposit Insurance and Liquidity Support Scheme.

 
The balance amount if any, will be settled after liquidation of properties belonging to TFC. 


The license issued to TFC to carry on finance business has been cancelled with effect from May 22, 2020 due to a serious erosion of liquidity at the firm.


Central Bank said further details regarding depositor payments can be obtained via the telephone numbers given below. CBSL - 0112-398788 ,0112-2477261 People’s Bank - 0112-481594, 0112-481320, 0112-481612,0112-481703.

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Gotabaya Govt’s pre-emptive strike against LTTE Maaveerar Naal

November 27th 1989 was the day on which the Liberation Tigers of Tamil Eelam

Adivasi community struggle to preserve 37,000 -year-old heritage

Sri Lanka’s indigenous Adivasi community—the Vedda people—have historic

Pad politics is back

In November 2019, in the run up to the Presidential election, Sri Lanka debat

ANYTHING FOR MONEY

Some unregulated online lenders are remotely taking control of phones of thos

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.