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* Central Bank to pay compensation payments to the depositors of The Standard Credit and Finance Ltd.
Wed, Dec 5, 2018, 08:38 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 05, Colombo: The Central Bank of Sri Lanka said it has taken steps to pay compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme to the depositors of The Standard Credit and Finance Ltd.

The license issued to The Standard Credit and Finance Ltd. (TSCFL) to carry on finance business has been cancelled with effect from 25 July 2018 in terms of the provisions of the Finance Business Act No. 42 of 2011.

Compensation payments will be made in line with the provisions of Sri Lanka Deposit Insurance Regulations. Instructions on the application criteria will be notified through the print and social media.

The depositors of the Standard Credit and Finance Ltd. are hereby informed to submit duly completed claim forms along with the required documentation to the Resolution and Enforcement Department of the Central Bank of Sri Lanka once the notification is issued in the press and social media in due course.

Further details in this regard may be obtained from the telephone numbers 0112-398788 and 0112-47726.

 

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