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Friday November 13th, 2026
Banking

Removing Sri Lanka's debt recovery laws will hurt SME loans: CB Governor

Removing parate execution powers and making it less easy to recover loans, will make it difficult for SMEs to get loans

January 10, 2024 1 min read

Sri Lanka CB to issue guidelines on state bank directors

Framework to be developed to strengthen governance of state banks, requiring their Boards to have independent members

January 10, 2024 1 min read

Sri Lanka eyes "subsidiarisation of foreign banks" in changes to banking law

The Banking (Amendment) Bill is expected to be passed in Parliament in early 2024

January 10, 2024 1 min read

Sri Lanka’s Bank of Ceylon announces debenture issue basis of allotment

Investors who have applied up to 20,000,000 Type A Debentures will be allotted 100% of debentures applied

December 28, 2023 1 min read
Sri Lanka banks to keep 15-pct reserve on government forex loans: Fitch

Reserves for state banks needed over restructured SOE loans

Sri Lanka rupee opens stronger, bond yields continue to fall amid IMF hopes

Excess liquidity coming back to market after festival drawdown

Singapore liberalizes, setting stage for digital banking battle

Singapore is opening up its banking industry to digital lenders in a reform that could shake up the sector across Southe...

January 12, 2020 3 min read

Interest write-offs, central bank guaranteed loans for Sri Lanka troubled SMEs

Sri Lanka's distressed small and medium enterprises with get interest write-offs and new working capital guaranteed by t...

January 9, 2020 2 min read

Sri Lanka central bank to develop a cost-based rate to price loans

Sri Lanka's central bank said it was developing a cost based benchmark interest rate to price loans, hoping unusually th...

January 8, 2020 2 min read

Regulations delay Sri Lanka fintech innovations at Dialog Finance

Sri Lanka's Dialog Finance Plc said that it could not invest the money raised in two rights issues in the planned fintec...

January 8, 2020 2 min read

Sri Lanka to scrap specialized banking license

Sri Lanka will scrap the specialized banking license in 2021 under a new law, converting all banks to a commercial licen...

January 6, 2020 1 min read
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Sri Lanka banks not taking enough risks; should finance startups: CB Governor

Sri Lanka's new Central Bank Governor W D Lakshman said banks should drop a 'risk averse' mindset and finance startups a...

January 6, 2020 2 min read
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Sri Lanka's LOLC inks deal to sell Cambodian unit to Korea's Kookmin

Sri Lanka's LOLC Holdings said it has signed two agreements to sell its Cambodian sub-subsidiary Prasac to Korea's Kookm...

January 6, 2020 1 min read

Sri Lanka private credit to grow 12-13-pct in 2020: CB Governor

Sri Lanka's private credit will expand 12-13 percent in 2020, helped by lower interest rates, Central Bank Governor W D ...

January 6, 2020 3 min read

Sri Lanka new banking act in 2021, regulations for banks in Chinese port city

Sri Lanka will enact a new Banking Act in 2021, which will include the merging of banking licenses and regulation of ban...

January 6, 2020 1 min read

Sri Lanka to provide SME debt relief from next week: Treasury Secretary

Sri Lanka will provide debt relief to small and medium enterprises from next week, Treasury Secretary S R Attygalle has ...

January 2, 2020 2 min read
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Latest Last
US Dollar 332.5018 332.3603
UK Pound 440.0661 440.9424
Euro 367.7137 368.4879
Yen 2.0793 2.0805
Aus Dollar 226.4670 227.4342
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5357 3.5474
Korean Won 0.2494 0.2492
Oman Rial 863.5962 863.2287
Saudi Riyal 88.5939 88.5586
UAE Dirham 90.5259 90.4874
Source: Central Bank/Indicative
pts %
S&P SL20 6,293.72 -1.13%
CSE All Share 22,024.18 -0.60%
Turnover Rs 3232.70 million 2975.05 million
Source: CSE
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
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Cargills, Sampath, DFCC Bank says met lending rate ceilings

Sri Lanka Cargills Bank, Sampath Bank and DFCC Bank said they had met the price ceiling on loans set by the central bank...

December 31, 2019 1 min read

Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept

Bad loans in Sri Lanka's banks grew to 4.9 percent of assets in the September quarter from 4.8 percent in June, while th...

December 31, 2019 2 min read

Sri Lanka's central bank to punish eight banks for flouting price controls

Sri Lanka's central bank said it will punish eight banks for not meeting price ceiling set for loans, invoking sweeping...

December 30, 2019 2 min read

India's Axis Bank, ICICI Bank to exit Sri Lanka

India's Axis Bank and ICICI Bank, both privately owned commercial banks, will exit Sri Lanka, the island's banking regul...

December 30, 2019 1 min read

Sri Lanka debt relief impact on provisioning, bank profits mixed

Relief given by banks to performing customers under a government debt moratorium offered for loans up to 300 million wil...

December 30, 2019 2 min read

Sri Lanka's private credit up in November, state credit down

Sri Lanka's private credit grew 47.1 billion rupees in November, the fourth month of positive credit, while government b...

December 30, 2019 1 min read

Sri Lanka SME moratorium on request, will not stress banks: Deputy Governor

Sri Lanka's loan moratorium on small and medium-scale (SME) business loans will only be extended on request to those in ...

December 27, 2019 3 min read

Sri Lanka trims systemically important banks in new D-SIB rule, capital buffers changed

Sri Lanka has designated four banks as domestically systemically important banks (D-SIB) under new criteria down from an...

December 23, 2019 2 min read

Sri Lanka borrowers getting moratorium should continue to pay interest: Cabraal

Sri Lanka's borrowers who are using a debt moratorium of up to 300 million rupees should continue to pay interest which ...

December 23, 2019 2 min read

Sri Lanka President, PM orders banks to halt recovery of loans up to Rs300mn

Sri Lankas Prime Minister Mahinda Rajapaksa has ordered banks in the country to stop recovery of loans up to 300 million...

December 20, 2019 2 min read
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