19 June 2020 09:07 am
The depositors of The Finance Company PLC (TFC) staged a protest outside the Presidential Secretariat yesterday urging authorities to settle their payments immediately. The Central Bank on May 22 cancelled TFC’s licence to operate as a finance company owing to serious erosion of liquidity.
The Central Bank said Sri Lanka Deposit Insurance and Liquidity Support Scheme would take necessary action to pay compensation to the insured depositors under the applicable laws and regulations.
Pic by Pradeep Dilrukshana