KDIC’s mandate, as set out in its enabling Act, has the powers to guarantee deposits of insured institutions, carry out supervision of insured institutions, partake in problem/failing banks resolution process and liquidate failed/closed financial institutions.
The roles of the Corporation in the Financial System are essentially to:
- Administer a Deposit Insurance System.
- Provide incentives for Sound Risk Management in Financial Institutions.
- Provide Insurance against the loss or part or all of deposits of a member Institution.
- Promote and contribute to the stability of the Kenyan Financial System