- Last Update 2024-07-18 10:00:00
Central Bank directs Kanrich Finance to settle public liabilities
The Central Bank, under the ‘Masterplan for Consolidation’, has directed Kanrich Finance Ltd (KFL) to settle all its public liabilities in full within the period 12.2022 to 28.02.2023 in terms of Section 25(1)(m) of the Finance Business Act, No. 42 of 2011 (FBA), due to continuous capital deficiencies faced by KFL.
This direction was issued in the best interest of depositors and promissory note holders of KFL, subsequent to securing measures to have adequate funds available for KFL to fully settle its public liabilities and further directing KFL to exit from the finance business after such settlement, the banking regulator said in a media release.
Accordingly, KFL will take necessary actions to settle the entirety of public liabilities with interest accrued up to 26.12.2022 at agreed upon interest rates.
All depositors and promissory note holders of KFL are requested to avail this settlement plan and claim their funds prior to 28.02.2023.
-
Still No Comments Posted.
- July 11, 2024 - 1221 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 16, 2024 - 279 - 0
MP on open warrant turns up at school event
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
- July 12, 2024 - 272 - 0
SC refuses interim order on Judges appointments
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
- July 10, 2024 - 272 - 0
Deadline extended for G.C.E. A/L applications
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Related Articles
IN PIX: Samurdhi officers on protest
- 17/07/2024 - 14 - 0
Three Sri Lankans among 16 missing after ship capsizes off Oman
- 17/07/2024 - 75 - 0
High-level committee to oversee security arrangements of presidential candidates
- 17/07/2024 - 64 - 0
Fairly heavy rains likely today
- 17/07/2024 - 50 - 0
Leave Comments