Philippine Deposit Insurance Corporation, Makati City / by Rowena N. Rocillo.

By: Contributor(s): Material type: TextTextLanguage: English Publication details: Indang, Cavite : Cavite State University- Main Campus, 2001.Description: xiv, 156 pages : illustrations ; 28 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
Subject(s): DDC classification:
  • 332.1 R58 2001
Online resources: Production credits:
  • College of Economics, Management and Development Studies (CEMDS)
Abstract: ROCILLO, ROWENA NOVICIO, "Philippine Deposit Insurance Corporation Makati City". A Field Study. Bachelor of Science in Business Management, major in Economics, Cavite State University, Indang, Cavite. April 2001. Adviser: Mr. Adonis N. Menez. A field study was conducted at Philippine Deposit Insurance Corporation (PDIC) at 2228 Don Chino Roces Avenue (Pasong Tamo), Makati City. The general objective of the study was to expose the author to different management operations of the firm. It also aimed to apply the knowledge gained in the classroom to actual work; provide necessary information about the Philippine Deposit Insurance Corporation (PDIC); and identify common problems encountered by the firm and recommend feasible solution to problem identified. Data and information were gathered from the files and records, personal interviews with the manager and other employees of the firm, and research from Tagaytay City Library. The Philippine Deposit Insurance Corporation (PDIC), a corporate body created by Republic Act 7400 (RA 3591 as amended), is mandated to insure the depositors' money. This means that on top of providing deposit insurance coverage of up to P 100,000.00, PDIC ensures depositors' protection through various direct assistance and education programs. It is operationally responsive to the needs of the depositing public and the banking community, professionally managed, financially strong, adequately manned and equipped, toward the enhancement of sound banking and savings mobilization for national development. Some of the common problems encountered by the company were submission of false material information from the company's clients, number of falsification and estafa against company's client, splitting of deposits, creation of fictitious loans or deposit accounts, obstruction to take over and refusal to turn over or tampering of record. In order to solve these problems, the company should seek indemnification and corporate advances on all legal costs and expenses in connection with any civil or criminal actions against them, as long as these are not due to their gross negligence or misconduct. They should avoid nuisance cases and should give all their courage to pursue what is just and right. They should seek heavier sanctions and penalties. The company should also have more than enough rules and regulations in order to maintain a sound financial system.
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Theses / Manuscripts Theses / Manuscripts Ladislao N. Diwa Memorial Library Theses Section Non-fiction 332.1 R58 2001 (Browse shelf(Opens below)) Link to resource Room use only FS-53 00000475

Field Study (BSBM - - Economics) Cavite State University.

Includes bibliographical references.

College of Economics, Management and Development Studies (CEMDS)

ROCILLO, ROWENA NOVICIO, "Philippine Deposit Insurance Corporation Makati City". A Field Study. Bachelor of Science in Business Management, major in Economics, Cavite State University, Indang, Cavite. April 2001. Adviser: Mr. Adonis N. Menez.
A field study was conducted at Philippine Deposit Insurance Corporation (PDIC) at 2228 Don Chino Roces Avenue (Pasong Tamo), Makati City. The general objective of the study was to expose the author to different management operations of the firm. It also aimed to apply the knowledge gained in the classroom to actual work; provide necessary information about the Philippine Deposit Insurance Corporation (PDIC); and identify common problems encountered by the firm and recommend feasible solution to problem
identified.
Data and information were gathered from the files and records, personal interviews with the manager and other employees of the firm, and research from Tagaytay City Library.
The Philippine Deposit Insurance Corporation (PDIC), a corporate body created by Republic Act 7400 (RA 3591 as amended), is mandated to insure the depositors' money. This means that on top of providing deposit insurance coverage of up to P 100,000.00, PDIC ensures depositors' protection through various direct assistance and education programs. It is operationally responsive to the needs of the depositing public and the banking community, professionally managed, financially strong, adequately manned and equipped, toward the enhancement of sound banking and savings mobilization
for national development.

Some of the common problems encountered by the company were submission of false material information from the company's clients, number of falsification and estafa against company's client, splitting of deposits, creation of fictitious loans or deposit accounts, obstruction to take over and refusal to turn over or tampering of record.
In order to solve these problems, the company should seek indemnification and corporate advances on all legal costs and expenses in connection with any civil or criminal actions against them, as long as these are not due to their gross negligence or misconduct. They should avoid nuisance cases and should give all their courage to pursue what is just and right. They should seek heavier sanctions and penalties. The company should also have more than enough rules and regulations in order to maintain a sound financial system.

Submitted copy for the University Library 07/03/2001 FS-53

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