The World Bank will provide 150 million US dollars as a loan for Sri Lanka's deposit insurance scheme
Banks have seen a sharp reversal in net foreign assets over the past year
We are an outlier in the region also. So we have to fix at some point. The question is should we fix it now?
Hotels, transport and arts and entertainment sectors had bad loans of 30 to 20 percent
Pending possible recapitalization for losses from state enterprise funding, while confirming a long-term rating at 'CC'
NPLs of pawning loans are lower than others, but the number has risen
Strengthening the Deposit Insurance Scheme will help protect the savings of smaller depositors
Although there are about 11,000 microfinance institutions operating in the country, only 5 of them have been registered
With the latest expansion, SBI will have seven branches in Sri Lanka
Bank increases provisions for ISBs
we want to also look at the possibility of Union Bank's expansion to markets such as Africa, Nepal and Bhutan
Sri Lanka is to refund advance income tax (AIT) deducted on interest income of senior citizens, IRD announced.
Rating confirmations follow similar action on parents
CB credit down in a month that also saw an SRR cut
Underlying ratings confirmed
Bad loans defined as 'Stage 3' to total advances went up by 0.5-pct in 2023
Rupee fall changes outstanding debt value
The loan will have to be repaid in 180 days.
In the first set of controls, ceilings would be imposed on selected credit products
Bangladesh expects the next installment within two weeks, the newspaper said.
Rupee asset values down amid currency gain
Sri Lanka to face an evaluation by the Asia Pacific Regional Group on Money Laundering from March 2025
Private credit positive for the first time since May 2023
Risks to Sri Lankan banks' operating environment (OE) remains high