Over 100 complaints against state banks & their affiliates so far: Finance Ministry

Sep 21, 2020 (LBO) – The committee appointed to look into the irregularities in four state banks during the last 5 years has received over 100 complaints so far.

According to the Finance Ministry, these complaints have been lodged by the relevant banks, their affiliated unions, and the public.

Meanwhile, the deadline for receiving complaints has been extended to September 30.

A four-member committee has been appointed to systematically study the irregularities that have taken place in the four major state banks since January 08, 2015.

The committee is tasked with making recommendations on legal, financial, and administrative measures to be taken to prevent such situations in the future.

The committee will also make necessary recommendations to make the public banking system a more people-friendly service.

This committee was appointed in accordance with the cabinet paper presented by the Prime Minister as the Minister of Finance to streamline the state banking system.

The committee is chaired by former High Court Judge Sisira Ratnayake. Chartered Accountant Susantha de Silva and retired Additional Auditor General W.J. Mr. Premananda are the other members.

A representative of the Ministry of Finance holds the post of Secretary of the committee.

The report with the relevant recommendations will be submitted to the Cabinet by the Secretary to the Ministry of Finance within three months.