{"id":371638,"date":"2023-12-02T09:02:44","date_gmt":"2023-12-02T04:02:44","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=371638"},"modified":"2023-12-02T09:02:44","modified_gmt":"2023-12-02T04:02:44","slug":"sbps-dpc-releases-annual-report-for-fy2022-23","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/sbps-dpc-releases-annual-report-for-fy2022-23\/","title":{"rendered":"SBP\u2019s DPC releases annual report for FY2022-23"},"content":{"rendered":"<p>KARACHI<br \/>\nThe Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan, has released its third Annual Report for the year 2022-23 with objective to enhance awareness among bank depositors and general public regarding protection of deposits of its member banks.<br \/>\nThe Annual Report emphasizes DPC\u2019s unwavering commitment to safeguarding depositors\u2019 funds, strengthening financial stability, and continually enhancing the horizon of deposit protection. The report provides insights into DPC\u2019s performance during the year and disclosure of its financial performance.<br \/>\nIt delves into DPC\u2019s future plans and strategic initiatives underscoring the organization\u2019s commitment to strengthen deposit protection.<br \/>\nThe coverage and scope of DPC\u2019s deposit protection have been portrayed through statistics and graphical presentations in the report reflecting a clear picture of the Corporation\u2019s safety net. It reports that DPC provides deposit protection to more than 98 percent of total 73 million depositors of scheduled banks\u2019 in Pakistan.<br \/>\nThe report also focuses on public awareness with the tagline \u201cKnow the deposit protection\u201d. To ensure ease of understanding, frequently asked questions regarding deposit protection have been illustrated pictorially in this segment.<br \/>\nIt is important to note that DPC commenced operations in the year 2018 with the mandate to compensate banks\u2019 depositors in the unlikely event of a bank failure, as stipulated in the Deposit Protection Corporation Act, 2016. Under this Act, all scheduled banks in Pakistan are members of DPC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI The Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan, has released its third Annual Report for the year 2022-23 with objective to enhance awareness among bank depositors and general public regarding protection of deposits of its member banks. The Annual Report emphasizes DPC\u2019s unwavering commitment to safeguarding depositors\u2019 funds, strengthening [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-371638","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP\u2019s DPC releases annual report for FY2022-23<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/sbps-dpc-releases-annual-report-for-fy2022-23\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP\u2019s DPC releases annual report for FY2022-23\" \/>\n<meta property=\"og:description\" content=\"KARACHI The Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan, has released its third Annual Report for the year 2022-23 with objective to enhance awareness among bank depositors and general public regarding protection of deposits of its member banks. 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