Depositors’ payouts in fallen banks expedited in proposed changes

KDIC chief executive Hellen Chepkwony. 

Photo credit: File | Nation Media Group

Depositors in collapsed banks will receive compensation faster in proposed changes that seek to compel the Kenya Deposit Insurance Corporation (KDIC) to shorten the payout window after the liquidation.

Currently, the payouts drag on for up to six months after the liquidation of a collapsed lender.

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