Notable
Bad loans expected to fall
Profits helped by strong net interest income growth
Last year's provisions were high due to ISBs
Loans and advances grow 21-pct
The bank assured customers that all deposits and account balances remain safe and fully secure
Licensed banks have to set up BRUs by mid-May 2024 and fully comply with the guidelines by July 01
People's Bank is the second largest state bank by assets
BRUs will help guide and strengthen small and medium enterprises
Banks have warned that it would make them more cautions and SMEs are likely to have reduced access.
Lending rates urged to fall further
Banks operating within the Port City will be licensed by either the central bank or the country it is incorporated in.
He has previously functioned as chairman of the National Development Bank PLC
Cabinet approved changes to island's debt recovery laws to suspend sale of collateral by bank board resolution (parate)
.
| 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 | - | - |
Supports early entry to digital banking
Court of Appeal issues interim order preventing Hatton National Bank PLC from auctioning the property
We believe that there should be an intermediate regulatory authority
Jayamin Pelpola, a fintech entrepreneur and investor, appointed to board of Bank of Ceylon as non-executive director
20 billion rupee loans scheme for small and medium enterprises hit by an economic crisis
A sufficient grace period to pay off relevant debts without being a burden to the banking system should be allowed
Pre-tax profits were Rs8.89bn Rs2.4bn but after tax profits were down amid a reversal
Cabinet paper next week
From June 2023, outstanding private credit went up by 345.7 billion rupees
State-run banks gave billions of dollar loans to the CPC as forex shortages emerged from inflationary rate cuts
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