Banks insure deposits
Fri, Dec 16, 2011 12:00 AM on Others,
KATHMANDU,DEC 16:
Commerz and Trust Bank, NB Bank, NIC Bank and Janaki Finance have entered into agreement with Deposit and Credit Guarantee Corporation to insure small deposits up to Rs 200,000, on Thursday. According to the deposit guarantee regulation, in case of bankruptcy of a financial institution, a small depositor, who has a deposit up to Rs 200,000, will be paid the total deposit amount and interest.
Source: THT
