Notable
"Excessive taxation, currently at 53% for domestic banks and 65% for foreign banks, is described as a barrier
HSBC’s Corporate and Institutional Banking business in Sri Lanka is not impacted by this decision
We have financed recently some renewable projects with those kinds of batterie
Says in NDB fraud billions had gone out of the country; the same central bank that handles the EPF is investing in NDB
The amount of loss through the fraud increased to Rs.13.2bn from Rs.390 within four days
A process called WE-Fi Code to collect data and develop policies to help women's access to finance
Bad loans spiked after a currency crises, triggering auctioning of collateral
The bank's impaired loan ratio broadly remained unchanged in the first quarter of 2024 11.4-pct at end-2023.
Women comprisie 46 percent of new recruits, according to the IFC study.
The bank made a capital call from shareholders of 22 billion rupees
Special unit to be set up at the Finance Ministry to monitor state banks
1 for 5 voting at Rs85 and 1 for 5 non-voting at Rs69.
Financially literate persons will make better savings and investment decisions
BoC to divest 100 percent of its shareholding in its subsidiary B O C Travels (Private) Limited
The reported earnings of 12.61 rupees for the quarter
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Net interest income improves
Sri Lanka Savings Bank staff will be offered a voluntary retirement scheme,
The banking regulations remains to be approved by parliament
The central bank together with banks are tightening security on an ongoing basis
The changes to the Recovery of Loans by Banks (Special Provisions) (Amendment) Bill seeks to delay 'parate execution'
This action grants scammers complete access to the mobile device, enabling them to control it remotely
Banks will have to limit exposures to 25 percent starting from January 2026
Rupee appreciation leads to parity changes in dollar credit
Reforms identified by a committee made up of IMF, World Bank and Central Bank officials
A budget for 2024 set aside 1.5-pct of GDP in allocations for possible bank recapitalization
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