PDIC exists to protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability. PDIC is a government instrumentality created in 1963 by virtue of Republic Act 3591 to provide depositor protection and promote financial stability. It is an attached agency of the Bangko Sentral ng Pilipinas.
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Answer:
PDIC exists to protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability. PDIC is a government instrumentality created in 1963 by virtue of Republic Act 3591 to provide depositor protection and promote financial stability. It is an attached agency of the Bangko Sentral ng Pilipinas.
Explanation: