Civil Bank deposits insured

KATHMANDU, NOV 10: 

Civil Bank has got its small deposits up to Rs 200,000 insured by Deposit and Credit Guarantee Corporation (DCGC) becoming third commercial bank to get its deposits safeguarded. 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 within 90 days from the date the institution goes under liquidation by DCGC. Civil Bank has collected deposit of Rs 4.70 billion and disbursed credit of Rs 4.41 billion. 

Source: THT