Home / Financial Services/ CB says CIFL depositors to be paid up to Rs. 600,000

CB says CIFL depositors to be paid up to Rs. 600,000


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 7 March 2018 00:00

Facebook

 

  • Issues fresh clarification on previous statement announcing cancellation of licence

 The Central Bank yesterday clarified its statement on the cancellation of the licence issued to Central Investments and Finance Plc (CIFL) and confirmed a maximum of Rs. 600,000 would be paid to each depositor. 

The cancellation was issued under the Finance Business Act No. 42 of 2011 and a Certificate of Registration issued under the Finance Leasing Act No. 56 of 2000. 

“As communicated to the public on 05.12.2017 through our press release, all insured deposits of CIFL will be paid up to a maximum of Rs. 600,000 per depositor as per the regulations of the Sri Lanka Deposit Insurance and Liquidity Support Scheme,” the statement said. 

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Our Cricket Board simply cannot deliver – why not they all quit honourably?

Tuesday, 18 June 2019

“It is necessary, therefore, for the Government to pay serious attention to the doings of Sri Lanka Cricket [board] and take immediate action to lift their game for the progress of our glorious game.” Question for Sri Lanka Cricket (board) Sri La


Yesterday Tamils, today Muslims and tomorrow who?

Tuesday, 18 June 2019

From the time of S.W.R.D. Bandaranaike’s election victory in 1956, one and only one issue had dominated political party campaigns in this country; and that was communalism. The Tamil community was the main focus of these campaigns for over 50 years


Those who go by social proof are easy prey to crafty schemers

Monday, 17 June 2019

Going after social proof Swiss writer and novelist, Rolf Dobelli, in one of the essays in his 2013 book ‘The Art of Thinking Clearly’, has given a fine warning to his readers. He has warned against going by ‘social proof’ or ‘majority view


Poson ponderings on positional power: ‘Authority vested’ vs. ‘authority wasted’

Monday, 17 June 2019

We witnessed a serene Poson Poya, in a far more improved security setting in Sri Lanka. Whilst the Sri Lankan life slowly returning to normal, political fronts do not appear to show the same. Has the political power become the people ‘pava’ (sin)


Columnists More