Notable
Taxes were in excess of 8.4 billion rupees in the quarter
Net fee and commission income edged up 1 percent to 2,049 billion rupees
Provision reversals, rupee depreciation helps boost profits
Private credit outpaces private credit by Rs521bn rupees
Commercial Bank, HNB, and NDB have exhausted their loan quotas, minister said
The Bank's total loans portfolio reached 2.0 trillion rupees
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
| 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 | - | - |
The funds will come from the low-interest International Development Association window
The bank is offering debentures at 100 rupees each, for tenures of 5 years, 7 years and 10 years.
CB considering legal action against registered limited liability companies using personal bank accounts for tax evasion
"There are a lot of banks that have reduced, but not to the extent that we hoped. We are closely monitoring the banks"
People ask 'what's the year end exchange rate or interest rate? It is something that you don't want to even guess at
Since June, private credit has expanded 248 billion rupees
ISB restructuring is the single largest short-to-medium term issue the industry is having
Business Revival Units in licensed banks to strengthen their role in the recovery of businesses, SMEs, corporates
Removing parate execution powers and making it less easy to recover loans, will make it difficult for SMEs to get loans
Framework to be developed to strengthen governance of state banks, requiring their Boards to have independent members
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