He will succeed Jonathan Alles, who is retiring from August 23,2024
Paying down foreign loans narrows the current account deficit or generates a surplus
BoC keeps lending rate growth below the pace of deposit rates
Loan loss provisions were up 14.04 percent to 6.7 billion rupees in the quarter.
No loans written off
We are here, it is part of the discussions we are having now
In the quarter HNB made provisions of 11.7 billion rupees, down from 13.5 billion rupees.
Credit to government continues to grow
Sri Lanka’s DFCC Bank has reported profits of 2.1 billion rupees for the March 2023 quarter
A key objective of the central bank is maintaining financial sector stability
An overall debt restructuring plan is due to be announced later in in May
Welfare Benefit Payment Scheme under the Welfare Benefit Act will be taken up on May 12
Expected to increase crisis management powers
Trading gains fell 101.13 percent to 40 million rupees from the same quarter last year.
Money to be used to bolster deposit insurance scheme
Output gap targeting is to be legalized in a controversial new monetary law
The three credit and two debit cards will work on Sri Lanka's Lanka Pay Network and also on JCB's international network
This expectation is driven by SCBSL's status as a branch of SCB
Fitch Ratings said it has confirmed Citibank N.A. Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka)â...
Nine banks accounting for 90-pct of assets under the microscope
Private credit fall comes amid falling inflation and de-leveraging
Silvergate Bank had exposure to crypto assets that bubbled during Fed money printing
Changes are also planned to a Banking (Special Provisions) Act
Consultants have started work and they are working on five banks
After assessing the repayment capacity, to restructure the loans
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