The Central Bank (CB) has ordered the repayment of 50% of the remaining value of deposits of the failed Swarnamahal Financial Services PLC (SFSP) after deducting 30% repayment already made and the eligible compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme, with effect from 3rd February 2021.
This is consequent to the order issued by the Monetary Board of the Central Bank to resume business of SFSP for a limited time on a conditional basis, only for the purpose of repayment up to 50% of the remaining deposits of the company (repayment plan) under the supervision of the Panel of Management appointed by the Monetary Board. The SFSP has taken measures to implement such plan.
In this regard, the depositors of SFSP are informed of the following arrangements made by SFSP.
1. Repayments will be made only at the Head Office Branch of SFSP at No. 5, R. A. De Mel Mawatha, Colombo 04, from 9.00 a.m to 4.00 p.m on allocated dates.
2. The respective depositors will be informed of the instructions to be followed through letters and telephone calls by SFSP.
You can share this post!
Content
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
Leave Comments