Jan 13 - Swarnamahal Financial Services depositors to get another payment..
Sri Lanka’s central bank said depositors of Swarnamahal Financial Services will get another tranche of cash, taking repayments up to 50 percent of their deposits and the firm will be allowed to be open for period for the purpose.
In 2018 and 2019, up to 30 percent of the depositors had been repaid. By end 2020, 834.1 million rupees has been paid for 25 percent of the insured depositors out of the total of 9,660, up to a maximum of 600,000 rupees per insured depositor.
“CBSL wishes to inform the public that SFSP has not been permitted to carry on any finance business or non-finance business whatsoever, except executing the aforementioned repayment plan and recovering of all money due to the Company,” a statement said.