Lankapage Logo CP 21 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Central Bank commences payment of increased compensation to the depositors of Failed Finance Companies
Thu, Apr 8, 2021, 08:12 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 08, Colombo: The Central Bank of Sri Lanka (CBSL) has commenced payment of the increased compensation amount of Rs 500,000 under the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS), to the depositors of Failed Finance Companies.

Accordingly, the depositors / relevant legal beneficiaries of Central Investments and Finance Limited (CIFL), The Standard Credit Finance Limited (TSCFL), TKS Finance Limited (TKSFL), The Finance Company PLC (TFC), ETI Finance Limited (ETIFL) and Swarnamahal Financial Services PLC (SFSP) will be paid the increased compensation amount.

The depositors / relevant legal beneficiaries of CIFL, TSCFL and TKSFL are being paid directly by the CBSL upon receipt of consent forms along with the required documents specified in the CBSL press notice issued on 04.04.2021.

The compensation to depositors / relevant legal beneficiaries of TFC, ETIFL and SFSP will be paid through the island wide branch network of People’s Bank, the Agent Bank appointed by CBSL for this purpose.

The depositors / relevant legal beneficiaries of ETIFL can collect their compensation from 09.04.2021 (tomorrow) onwards, while the depositors / relevant legal beneficiaries of TFC can collect their compensation from 12.04.2021 onwards, from the People’s Bank.

Payment of increased compensation to depositors / relevant legal beneficiaries of SFSP will commence shortly.

For the benefit and convenience of the depositors / relevant legal beneficiaries of ETIFL, People’s Bank has agreed to keep their branches open for compensation payments on 10th April 2021 (Saturday) from 9.00 a.m. to 2.00 p.m. The Central Bank therefore requests the eligible depositors / relevant legal beneficiaries to collect their claims from any People’s Bank branch commencing from 09.04.2021 / 12.04.2021 by producing the relevant documents. The depositors are advised to avoid gathering in large numbers at the People’s Bank premises and to comply with the health guidelines.


ColomboPage - Recent 10 Stories ::
Coronavirus update: 284 new COVID-19 cases identified Saturday, total rises to 94,848
-- [7 hours ago]
FM apprises EU envoys on political and economic developments in Sri Lanka
-- [7 hours ago]
Rs. 5000 allowance to low income and Samurdhi recipient families for the New Year
-- [7 hours ago]
India- Sri Lanka Police Chiefs’ Dialogue aims to enhance existing cooperation between the police forces
-- [8 hours ago]
109 samples of coconut oil certified to be free of toxic chemicals
-- [8 hours ago]
Sri Lanka reports one COVID-19 death Saturday, toll rises to 596
-- [8 hours ago]
Sri Lanka Air Force swimmer Roshan Abeysundara to swim across Palk Strait from Talaimannar to Dhanushkodi and back
-- [8 hours ago]
India finalizes an air bubble agreement with Sri Lanka
-- [9 hours ago]
As Sri Lankan economy recovers, focus on competitiveness and debt sustainability will ensure a resilient rebound - World Bank
Post-harvest losses of fruits and vegetables cost Sri Lankan economy Rs. 20 billion annually

Copyright © 2000, 2020 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.