State-run Sri Lanka Savings Bank (SLSB), formerly Pramuka Bank, has begun repaying about 60 elderly depositors in the age group of 60 years and over on the directions of President Mahinda Rajapksa, a senior official of the bank said.
He told the Business Times that this scheme began on February 2 and includes the lowest deposit to the highest ranging from Rs.500,000 to Rs 5 million. The October 2002 collapse of Pramuka Bank left over 14,000 disgruntled depositors and other creditors unable to recover their money.
Of this small depositors numbering 3927 have been paid Rs 100,000 each by the SLSB set up to resurrect the failed bank. Another 10,000 depositors who are also entitled to receive Rs 100,000 each, are being paid at the rate of 50 depositors per day, the oficial said.
Most depositors however have expressed their dissatisfaction over the repayment scheme saying that they have no alternative other than waiting patiently as they have already waited for six long years. The Pramuka Bank depositors association is not active now, they alleged. |
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