SET marries BoC ATMs
Sampath and Bank of Ceylon signed a memorandum of understanding to link their automatic teller machines locallyThe deal will create a combined network of more …
Banking and Finance
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Little Solace
Depositors of the collapsed Pramuka Savings & Development Bank are likely to get a third of their money back once the liquidation process starts to roll …
Down the Drain
Central Bank today directed its banking supervision department to liquidate Pramuka, after cancelling its licence. An attempt to revive the suspended bank was …
Home Builders
The Treasury on Wednesday gave a Rs. 3 bn subsidy to local banks, to kick-start the low-middle income-housing segment.Of the Rs. 3 bn loan package, the …
Local Tie
Sampath and Bank of Ceylon signed a memorandum of understanding to link their automatic teller machines locally, a top official said.The deal will create a …
Caught Out
As regulators continued to probe deeper in to the Pramuka Bank irregularities, a senior bank official was caught red-handed by Central Bank officials on …
Close Watch
The governments 20 percent stake in Commercial Bank held through Sri Lanka Insurance Corp. has caught the interest of the International Finance CorpA …
Letting Lose
Peoples Leasing Company is scouting for a strategic partner as its parent company is keen to reduce its holding in the company.Formed as a fully owned …
State Challenge
The government is fast putting together a regulatory framework to facilitate competition.At the same time the private sector together with trade chambers have …
Plot Thickens
Pramuka Banks crisis deepened this week with courts issuing orders on the senior management not to leave the country.But Pramuka Chief Rohan Perera has already …
Central Changes
In line with the best international practice Central Bank will focus on the core objectives of economic and price stability and ensuring the stability of the …
Delayed Sale
The government has put off Sri Lanka Insurance Corp. online pharmacy buy diflucan with best prices today in the USA online pharmacy buy albenza with best …
Heads Roll
Pramuka Bank Employees Union called for the banks top management to step down immediately while also forming a stakeholders association to safeguard their …
Within Budget
A new law aims to hold ministers responsible for meeting performance targets while keeping spending under control. online pharmacy buy diflucan with best …
At Pramuka
In another development Pramuka founder Rohan Perera stepped down as chairman during the week and Udaya Nanayakkara took over as Chairman on Wednesday. buy …
Another Go
HSBC became the only foreign bank to have its own primary dealer operation when the bank invested Rs. online pharmacy buy diflucan with best prices today in …
Closing In
The Central Bank has reported Pramuka Bank quote s alleged financial irregularities to the CID, Bribery Commission and Labour Dept., while the Attorney General …
New Union
Sri Lanka quote s smaller banks are intensifying their efforts to attract investors following the Pramuka affair. buy flagyl online …
Changing Caps
Pramuka Savings & Development Bank plans to set up a special internal audit team, after its Chairman Rohan Perera stepped down following a Board Meeting late …
Smooth Ride
Businessmen Rajah Mahendra Nanayakkara and his company Ishara Traders has acquired controlling stake of Lanka Orix Leasing Co. buy antabuse online …