Chapter Close

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

Ending months of tragic tales, the Central Bank says it is ready to reimburse small depositholders of the failed Pramuka Savings & Development Bank, once liquidation process gets off the ground shortly. Ending months of tragic tales, the Central Bank says it is ready to reimburse small depositholders of the failed Pramuka Savings & Development Bank, once liquidation process gets off the ground shortly.

“We are ready to pay most of
the small depositors with the available cash and other assets of Rs. 900 mn,”
Director Bank Supervision, Joan de Zilva told journalists on Monday.

The Central Bank says it has
enough cash to pay 9,104 small timers who had investments of Rs. 5,000 and
below.


The collapse of Pr

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