Choppy Ride
The Central Bank on Monday named financial institutions that are not registered with the bank, but continue to raise funds from the public.The 31 companies …
The Central Bank on Monday named financial institutions that are not registered with the bank, but continue to raise funds from the public.The 31 companies …
Central Bank sold Rs. 1 billion of its Treasury Bill in the secondary market on Wednesday to mop up excess liquidity in the banking system. online pharmacy buy …
The first in a line up of state sector accounting reviews kicked off Tuesday, with the National Review Committee studying the Ports Authoritys books.Accounts …
Hatton National Bank has (HNB) offered a voluntary retirement package to its top management as part of the banks restructuring, that has been going on over the …
Central Bank tightened the regulatory grip with the introduction of minimum levels of capital.Finance companies under a Central Bank directive will have to …
Central Bank may start outright sales of government securities as early as next week with rising foreign inflows boosting the countrys money …
HNB senior officials told Lanka Business Online that the Bank could consider rescheduling the loan if the owners put up a minimum 50 per cent of the …
Central Bank left key interest rates unchanged on account of the high liquidity in the financial system at present. The decision came after its monthly policy …
The fresh issues could set off more regular longer term borrowing as the state looks to maintain low inflation and interest rates. rnrnThe 10 year issue is …
The Supreme Court on Monday gave Central Bank 14 days to re-suspend Pramuka Banks license to facilitate restructuring.The Court concluded that interested …
Supreme Court on Friday refused to take up Central Banks appeal on the Court of Appeal decision on Pramuka Bank.The Central Bank sought to stay the Appeal …
Bus leasing specialist, Peoples Leasing, raised another Rs. 300 mn via securitisation paper for its general business expansion.First Capital Markets, the …
National Development Bank on Thursday acquired Zurich Insurance Companys 58.44 per cent stake in Zurich NDB Finance Lanka endash the holding company for Eagle …
Capital Development & Investment Co (CDIC) plans to come out with a Rs. 1.5 bn rights issue to pay for its acquisition of Eagle Insurance.NDB on Thursday …
Hattion National Bank, Sri Lankas largest privately held commercial bank, had its long-term SL A national rating, put on a ratings watch by Fitch Ratings Lanka …
The six Regional Development Banks are pooling their efforts to make low interest capital infusions into the rural economy. On offer are low interest rates …
The Appeal Court in its verdict at Wednesday mornings hearing has quashed Central Banks decision to liquidate Pramuka Bank.Court has also asked the regulator …
To develop its long term lending portfolio, Hatton National Bank (HNB)will raise up to Rs. 2 bn through a 5 year debenture issue. online pharmacy buy ciprodex …
Shareholders of the troubled MERC Bank have agreed to sell up to 90 percent of the company to DFCC Bank for just under Rs. 60 mn.MERCs shareholders will sell …
The Mahapola Trust Fund could pursue legal action against the Presidents Fund to recover over Rs. 1 billion due since 1997. Mahapola Trust officials claim the …