26 July, 2020
Compensation for depositors of ETI Finance Limited (ETI) and Swarnamahal Financial Services PLC (SFSP) from the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS) commenced yesterday through selected branches of the People’s Bank islandwide.
This follows the suspension of the finance businesses of ETI and SFSP from July 13. A maximum of Rs. 600,000 per depositor will be paid.
The Central Bank has taken measures to ensure that the compensation procedure is implemented efficiently.