Deposit Protection Corporation(DPC) is a wholly-owned subsidiary of the State Bank of Pakistan and established in wake of the DPC Act 2016. The corporation commenced its business with effect from June 01-2018...
Deposit Protection Corporation is governed by an independent and professional board of directors under the Chairmanship of Deputy Governor of State Bank of Pakistan, while its affairs are administered by the Managing Director. The Federal Government nominates the Board of Directors in consultation with the State Bank of Pakistan...
Deposit Protection Corporation plays a key role in promoting financial stability by sustaining confidence in the banking system. The objective of DPC is to compensate the small and financially unsophisticated depositors to the extent of protected deposits in the unlikely event of a bank failure.
Also known as: Deposit Protection Corporation