Banking and Finance

Banking On FTAs

A top sub-continental bank is counting on increased trade in the region to drive its operations. Indian Bank says the current Free Trade Agreement between …

Calling Debtors

The government is trying to bring in new laws to empower a new company that will take over dud loans of the State banks.The Memorandum of Articles has already …

One More Try

Hoarders who played hide and seek with revenue officials have been coming clean in droves in response to the governments tax amnesty, Deputy Finance Minister …

Privileged Lot

Standard Chartered Bank Thursday launched a new relationship-banking product to serve its mid-level customers.The bank said its lquote SelectBanking product …

Expensive Business

Business Development Services or BDS are support services offered for SMEs, providing start-up, non-financial assistance. rnrnOver the last 25 years the BDS …

Coming Out Soon

Government savings giant NSB is in the final stages of getting a credit rating from Fitch Ratings Lanka.National Savings bank with public deposits of over Rs. …

U-Turn

The Seylan Merchant Bank (SMB) Group has posted a 122 percent growth in profits after reporting a loss in 2001.The Groups pre-tax profits rose to Rs. online …

Life Support

Life Insurance Corp. of India has secured regulatory approval to start a life insurance unit in Sri Lanka.Teaming up with the Bartleets Group, LIC has invested …

Stars For Lotteries

Just before the national lottery is slated to move into private hands the lotteries board is unveiling a new code of behaviour. Officials say the board is …

Riding High

DFCC Bank on Thursday secured a SL AA national rating from Fitch Ratings for its implied long-term unsecured senior debt. SL AA long-term rating denotes a very …

Double Decker

Peoples Leasing is planning to securitise a further Rs. 500 mn of its bus lease portfolio to ease its maturity mismatch. online pharmacy doxycycline no …

Double Decker

Peoples Leasing is planning to securitise a further Rs. 500 mn of its bus lease portfolio to ease its maturity mismatch. online pharmacy buy ciprodex with best …

Patience!!

The Central Bank on Thursday responded to the public debate on Pramuka Savings & Development Banks crisis, by saying it will reveal all as the weeks go on.In a …

Four Musketeers

A deal finalised on Wednesday will transfer Rohan Pereras 54 percent holding in Pramuka Merchant to a four-man consortium.The paperwork is being processed, say …

Timber Scams

Local regulators are taking a hard look at a rise timber investment companies to prevent the public from depositing funds in unlicenced institutions.The move …

Rich Dividends

The NAMAL Income Fund (NIF) has declared its second dividend of Rs. 0.75 per unit for the six months ending Dec. online pharmacy buy abilify with best prices …

Gambling Ethics

Sri Lankas only two lottery firms are sprucing up their act as the private sector readies to take up the gamble. On Tuesday the National Lotteries Board (NLB), …

Other Options

State run Peoples Bank is looking at alternative options if its proposed capital raising exercise fails to attract the necessary funds.The bank needs Rs. 13.5 …

Hands Off

The government is building barriers between politicians and state banks to prevent directed lending that eventually goes bad, a top official said.ldblquote …

Beware!!

The Central Bank on Tuesday announced a list of firms that were mobilizing public funds without Monetary Boards consent.Naming these institutions is part of …