Banking and Finance

Small Change

Putting its money where the community level work is, the World Bank today doled out Rs. 4 mn to enhance the work of eight non-governmental organisations …

Disclosure

Sri Lanka was rated 3.5 on ten by top rating agency Dun & Bradstreet for willingness of its companies to disclose information.Amidst state politics and a …

Making Up

Commercial banks returning from a long holiday week soaked up the excess cash in the banking system, pushing up inter-bank interest rates. The inter-bank …

Steady Beat

Sri Lanka Insurance Corp., clinched a AA-(sri) (AA minus) national insurer financial strength rating from Fitch Ratings Lanka, becoming the first insurer to do …

The Big Two

Banking giant HSBC says emerging markets like India and China could change the way banking is done in Asia. A top regional CEO from the bank said the influence …

Scoring Points

Sri Lanka has made it to a list of 15 countries eligible for aid this year from the newly formed US Millennium Challenge Corporation (MCC). "Sri Lanka was …

Spring Cleaning

Fitch Ratings Lanka Limited has revised symbols used to communicate its national ratings in Sri Lanka, in order to achieve greater consistency with the rating …

Second Wicket

Lanka Rating, Sri Lankas second credit rating agency, opens shop later this month, after securing regulatory approval.Local capital markets are in a nascent …

Insurance or Hazard

Following the failure of Pramuka Bank, the Central Bank is looking again at the concept of deposit insurance. This years annual report talks of a financial …

Can the Central Hold?

Central Bank has been bringing down their policy rates in the last two years to encourage local investment. However they say that bank-lending rates have not …

What Women Want

Women are climbing the corporate ladder in record numbers but only a handful manages to get top executive positions in big companies.Experts say the numbers of …

Re-Igniting

The insurance watchdog is getting tough with the industry by re-introducing fire tariffs with a few modification starting June 1.Present fire tariffs have not …

Big Buy

NDB picked up a further 20 per cent stake in NDB Bank, following up on Fridays 37 per cent acquisition. Mondays buy increases NDBs stake in the commercial …

Avrudu Bash

Commercial Banks ATMs dispensed a staggering Rs. 625 million over the five-day lquote Avurudu weekend in April, the Bank said this week. buy renova online …

New Deputy At Central Bank

Dr. Ranee Jayamaha succeeded Mr. P.M.Nagahawatte, Deputy Governor who retired from the Central Bank on April 18, 2004. online pharmacy buy cymbalta with best …

Commercial Buy

National Development Bank (NDB) picked up a 29 per cent stake in its associate company NDB Bank (NBL), as part of its strategy to merge with the commercial …

Left Alone

The Central Bank left its key short-term rates unchanged on Thursday, but cautioned that a higher than estimated budget deficit, from 6.8 per cent to 7.3 per …

AA Grade

Fitch Ratings upgraded its rating for Bank of Ceylons (BOC) Implied Long-term unsecured Senior Debt to SL AA (S L Double A) from a SL AA- (S L Double A minus), …

LIC IPO Soon

Life Insurance Corporation of India is planning to offer a 20 percent stake of its local subsidiary to the public soon.LIC India Managing Director told LBR …

Full Marks

Fitch Ratings Lanka on Tuesday re-affirmed the SL AAA (Triple A) national rating assigned for National Savings Banks implied long-term unsecured senior …