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Friday November 13th, 2026
Banking

Sri Lanka's cabinet approves debt recovery suspension amendments

Cabinet approved changes to island's debt recovery laws to suspend sale of collateral by bank board resolution (parate)

March 12, 2024 1 min read

Sri Lanka parate suspension increases risk premium, endangers deposits, banks say

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March 11, 2024 6 min read

NDB starts savings scheme for HNI children

Supports early entry to digital banking

March 10, 2024 1 min read

Sri Lanka Nawaloka Hospital gets court order to stop asset sale

Court of Appeal issues interim order preventing Hatton National Bank PLC from auctioning the property

March 1, 2024 1 min read
Sri Lanka Supreme Court accepts online payments through GovPay

Enhances ease of access to the judicial system - Chief Justice

Sri Lanka’s NTB profits up 8-pct in March quarter

NTB group reported earnings of 12.35 rupees per share for the quarter.

Sri Lanka's HSBC gives Coronavirus relief to credit card, wholesale banking customers

Sri Lanka's HSBC, the largest foreign banks said it is giving relief to credit card customers, personal and wholesale cr...

March 26, 2020 4 min read

Sri Lanka CB issues Coronavirus relief order to banks on small biz, vehicles, loans

Sri Lanka's central bank has issued directions for commercial banks to give a six month debt moratorium to for lease re...

March 26, 2020 2 min read

Peoples' Bank helping keep Sri Lanka energized in Coronavirus battle, ATMs, online banking urged: Ch...

Sri Lanka's state-run People's Bank said it is funding the country's energy utilities and key state enterprises, giving ...

March 24, 2020 2 min read

Sri Lanka's Commercial Bank says ready to help customers worst hit by COVID-19

Commercial Bank of Ceylon, Sri Lanka's largest private lender is ready to support borrowers whose cashflows would be h...

Chandeepa Wettasinghe
March 24, 2020 4 min read

Sri Lanka bankers to use office IDs for work during Coronavirus curfew: police

The Central Bank of Sri Lanka (CBSL) has asked commercial banks to be open at least two hours when curfew is lifted in m...

March 23, 2020 1 min read

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Sri Lanka's President Gotabaya Rajapaksa ordered banks to suspend collecting loans for six months and provide working ca...

March 17, 2020 1 min read

Sri Lanka Central Bank Governor asks markets to remain calm

Sri Lanka's Central Bank Governor W. D. Lakshman called on financial institutions to not speculate and cause panic in th...

March 17, 2020 2 min read

Sri Lanka central bank in low cost QR code drive to boost digital transactions

Sri Lanka is promoting low cost quick response (QR) code based technology with slashed fees to draw a wider base of smal...

Tania Madies
March 13, 2020 3 min read

Sri Lanka gives debt moratorium to finance company borrowers

Sri Lanka has extended a debt moratorium introduced at the request of the current administration first given by banks to...

March 13, 2020 1 min read

Fitch warns Sri Lanka on finance companies, ahead of tighter bad loan rule

Profits and capital of Sri Lanka's Finance and Leasing Companies (FLCs) would be dented when tighter rules on bad loan p...

March 13, 2020 4 min read
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US Dollar 332.5018 332.3603
UK Pound 440.0661 440.9424
Euro 367.7137 368.4879
Yen 2.0793 2.0805
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Turnover Rs 3232.70 million 2975.05 million
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6-m bill 7.91 8.26
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today yesterday
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Source: Central Bank/Indicative

Sri Lanka regulatory sandbox open for fintech experiments: Central Bank

Sri Lanka's central bank has unveiled a regulatory sandbox to run innovative fintech experiments which can be released t...

Tania Madies
March 12, 2020 2 min read

Sri Lanka banks should invest in fintech start ups: senior banker

Sri Lanka's banks and financial institutions are not doing enough to sponsor and promote fintech start ups, veteran bank...

March 11, 2020 1 min read

Sri Lanka Angel Fund to back start-ups in underserved areas

A newly set up Angel Fund will support start-ups across Sri Lanka helping entrepreneurs in underserved regions with both...

March 11, 2020 2 min read

Sri Lanka bank credit to state surge in January 2020, private loans muted

Sri Lanka' credit to government from commercial banks had surged to 147.8 billion rupees in January 2020, up from 34.4 b...

March 10, 2020 2 min read

Sri Lanka central bank in talks with accounting body over NPL treatment from moratorium

Sri Lanka's central bank is engaged in discussions with the Institute of Chartered Accountants (CA Sri Lanka) over provi...

March 6, 2020 2 min read

Sri Lanka's Union Bank expects credit pick-up after polls

Sri Lanka’s Union Bank is expecting loan growth to pick up in 2020 after upcoming general elections, as the country em...

March 4, 2020 2 min read

Tax cuts boost Sri Lanka's Bank of Ceylon profits in Dec

State-owned Bank of Ceylon (BoC), Sri Lanka's largest lender, posted 10.63 billion rupee profit for the December quarter...

March 2, 2020 2 min read

Sri Lanka finance companies pressured by capital needs as bad loans rise: Fitch

Sri Lanka's finance and leasing companies are under pressure to raise capital and regulatory thresholds rise and bad loa...

March 2, 2020 2 min read

Uberising Banks

A year since launching Moneyworkz. lk in 2018, an online banking aggregator that uses data analytics to match customers ...

Devan Daniel
March 1, 2020 8 min read

Sri Lanka's Union Bank profits rise in Dec on lower bad loan provisions

Profits at Sri Lanka’s Union Bank of Colombo (UBC) group grew 111 percent to 196 million rupees in the December quart...

February 28, 2020 2 min read