Notable
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
The company offers insurance, education, hydropower, healthcare and financial services.
Financially literate persons will make better savings and investment decisions
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
The government will "implement steps under a phased plan of releasing foreign exchange limitations
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
The funds will come from the low-interest International Development Association window
| Latest | Last | |
|---|---|---|
| US Dollar | 305.1018 | 305.3339 |
| UK Pound | 386.9523 | 387.2371 |
| Euro | 330.8712 | 332.1141 |
| Aus Dollar | 201.0018 | 201.4980 |
| Yen | 2.0266 | 2.0278 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.6453 | 3.5932 |
| Korea Won | 0.2342 | 0.2292 |
| Oman Rial | 780.3569 | 769.4973 |
| Saudi Riyal | 80.1114 | 78.9849 |
| UAE Dirham | 81.7952 | 80.6569 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,573.80 | 1.00% |
| CSE All Share | 9,073.41 | 0.65% |
| Turnover Rs million | 1,591,766,524.95 | 1,029,335,694.32 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 21.72 | 21.79 |
| 6-m bill | 19.55 | 20.31 |
| 12-m bill | 17.72 | 19.28 |
| 5-yr bond | 21.00 | 22.53 |
| 8-yr bond | 19.42 | 20.55 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 13.93 | 14.00 |
| Gilt Repo | 13.50 | 14.00 |
| I-m SLIBOR | - | - |
Segment generally profitable in recent years due to relatively low claim incidence, though there were claims in 2022
The bank is offering debentures at 100 rupees each, for tenures of 5 years, 7 years and 10 years.
Concerns have been raised about "predatory lending"
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
Working with international payment aps to allow foreigners to make transaction through Lanka QR
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
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