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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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