2024-11-28 | 31728

Notice of Promulgation of Deposit Insurance Orders 2024

The banking regulatory authority has promulgated the Deposit Insurance Orders 2024 to establish the statutory framework governing deposit insurance coverage and institutional compliance. These orders mandate all licensed financial institutions to adhere to updated eligibility criteria, contribution requirements, and operational standards for insured deposits. The promulgated framework takes immediate effect, requiring regulated entities to implement necessary administrative adjustments and ensure full alignment with the new deposit protection regime.

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