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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

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» When Will It Be Safe To Invest In The Stock Market Again?
Deposit insurance coverage up 50% to Rs. 300,000 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Deposit insurance coverage up 50% to Rs. 300,000 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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» SEYB.N0000 (Seylan Bank PLC)
Deposit insurance coverage up 50% to Rs. 300,000 EmptyThu Mar 30, 2023 9:25 am by yellow knife

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» The Korean Way !
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» අපි තමයි හොඳටම කරේ !
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» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Deposit insurance coverage up 50% to Rs. 300,000 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
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» APLA.N0000 (ACL Plastics PLC)
Deposit insurance coverage up 50% to Rs. 300,000 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
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» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» Capital Trust Broker in difficulty?
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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
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    Deposit insurance coverage up 50% to Rs. 300,000

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Deposit insurance coverage up 50% to Rs. 300,000 Empty Deposit insurance coverage up 50% to Rs. 300,000

    Post by First Guy Thu Dec 25, 2014 3:51 pm

    Central Bank said yesterday that in line with the decision announced in the Budget 2015 to increase the deposit insurance cover by 50%, the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS) will increase its deposit insurance coverage per-depositor per-institution from Rs. 200,000 to Rs. 300,000, with effect from 1 January 2015.

    Central Bank said the regulation on the revised insurance cover has been published in Gazette Extraordinary No. 1891/11 of 2 December 2014 under the citation ‘Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations, No. 1 of 2014’.

    SLDILSS was established in October 2010 in the interest of the overall financial system stability of the country to protect depositors from failure of financial institutions and thereby to promote the stability of financial institutions by maintaining depositor-confidence. It is operated and managed by the Monetary Board of the Central Bank of Sri Lanka.

    http://www.ft.lk/2014/12/25/deposit-insurance-coverage-up-50-to-rs-300000/
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Deposit insurance coverage up 50% to Rs. 300,000 Empty Sri Lanka’s Deposit Insurance and Liquidity Support Scheme to increase the insurance cover

    Post by First Guy Thu Dec 25, 2014 3:52 pm

    Dec 24, 2014 (LBO) – Sri Lanka’s Deposit Insurance and Liquidity Support Scheme (SLDILSS) will increase its deposit insurance coverage per-depositor per-institution from 200,000 rupees to 300,000 rupees, with effect from 01st of January 2015.

    Central Bank said, this was taken in line with the decision announced in the Budget 2015 to increase the deposit insurance cover by fifty percent.
    The Regulations on the revised insurance cover has been published in Gazette Extraordinary No. 1891/11 of 02 December 2014 under the citation “Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations, No. 1 of 2014”, the bank said in a media release.

    SLDILSS was established in October 2010 in the interest of the overall financial system stability of the country to protect depositors from failure of financial institutions and thereby to promote the stability of financial institutions by maintaining depositor-confidence.

    It is operated and managed by the Monetary Board of the Central Bank of Sri Lanka.

    http://www.lankabusinessonline.com/news/sri-lanka%E2%80%99s-deposit-insurance-and-liquidity-support-scheme-to-increase-the-insurance-cover/708552138

      Current date/time is Fri Nov 08, 2024 5:08 am