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Click on the link below to read PIDM's latest news
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Perbadanan Insurans Deposit Malaysia (PIDM) was established in September 2005 with the enactment of the PIDM Act. PIDM is an independent statutory body that provides deposit insurance protection for depositors in the event that a member institution is unable to repay its obligations.
The objects of PIDM are set out in the Act. These are to:
- Administer a deposit insurance system under the PIDM Act
- Provide insurance against the loss of part or all deposits of a member institution
- Provide incentives for sound risk management in the financial system
- Promote or contribute to the stability of the Malaysian financial system
PIDM will pursue these objects for the benefits of depositors and shall act in such a manner to minimise costs to the financial system.
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