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Banking Chapter 4 > PDIC > Flashcards

PDIC Flashcards

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1
Q

PDIC stands for

A

Philippine Deposit Insurance Corporation

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2
Q

Republic Act No. 3591

A

The PDIC Act

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3
Q

Republic Act No. 10846

A

The PDIC Act with ammendments

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4
Q

A government instrumentality created in 1963 by vietue og Republic Act No. 3591 to ensure the deposits of all banks

A

PDIC (Philippine Deposit Insurance Corporation)

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5
Q

Salient Provisions of PDIC

A
  • Quicker access to insured deposits
  • Enhanced early intervention
  • Credit recovery options
  • Removal of 90-day receivership
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Banking Chapter 4 (2 decks)

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