Proceeds from the sale of closed banks' properties are added to the pool of funds of these banks for distribution to creditors and uninsured depositors
in accordance with the rules on concurrence and preference of credits.
The low number of bank depositors
suggests that the financial system is not fairly developed and it will be not wrong to say that Pakistan is an undocumented economy.
This was the beginning of another long process as depositors
, unable to survive, fought to ward off creditors.
KARACHI -- The State Bank of Pakistan (SBP) on Friday launched the Deposit Protection Corporation (DPC) to provide protection for the depositors
in the event of a bank failure.
The burden is thus on the withdrawing depositor
to attest that the other joint depositor
is still living under pain of perjury if it turns out that the statement is untrue, since the attestation is deemed under oath.
Summary: New Delhi [India], Jan 3 (ANI): Following media reports on bail-in provisions under the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, Department of Economic Affairs Secretary Subhash Chandra Garg on Wednesday claimed that these provisions would not be applicable to around 98 percent of depositors
Protection Corporation Bil-2016' says the deposit insurance is considered an integral safety-net tool to ensure the soundness of the banking system and protect small depositors
of a bank in case of its failure.
According to SBP the decision was taken in order to protect the interest of depositors
and other stakeholders and due to financial health and other circumstances of KASB Bank Limited.
The new depositor
, which replaces a two-component model, can make sophisticated confectionery with features such as stripes, swirls, centre-fillings and layers.
where [S.sub.i] denotes depositor
i's private signal of investment return.
When the depositor
deposits a will, he will receive a receipt of deposit.
Summary: Britain has secured agreement from the Icelandic authorities to repay money paid out by the Government in compensation to UK depositors