Notable
1 for 5 voting at Rs85 and 1 for 5 non-voting at Rs69.
Samurdhi Act to be amended to bring microfinance activities under National Audit Office
The company offers insurance, education, hydropower, healthcare and financial services.
Financially literate persons will make better savings and investment decisions
The bank made a capital call from shareholders of 22 billion rupees
Special unit to be set up at the Finance Ministry to monitor state banks
Loan from EDFI Management Company, which is funded through European Union, to develop agri portfolio in the country
Banks will have to limit exposures to 25 percent starting from January 2026
Rupee appreciation leads to parity changes in dollar credit
Several bank supervision, state audit and financial regulator officials also jailed
Reforms identified by a committee made up of IMF, World Bank and Central Bank officials
A budget for 2024 set aside 1.5-pct of GDP in allocations for possible bank recapitalization
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.
| 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 | - | - |
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.
Lanka Pay's Technovation awards will recognize banking and non-banking firms that had come up with innovative solutions.
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)
.
Secured transaction registry set up with technical assistance from International Finance Corporation, will help SMEs
Supports early entry to digital banking
Court of Appeal issues interim order preventing Hatton National Bank PLC from auctioning the property
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