Sri Lanka banks asked not to compete for deposits: CB Governor
ECONOMYNEXT – Sri Lanka’s Central Bank has asked banks not to compete with each other for deposits Central Bank Governor Nandalal Weerasinghe said, as attempts were being made to bring…
ECONOMYNEXT – Sri Lanka’s Central Bank has asked banks not to compete with each other for deposits Central Bank Governor Nandalal Weerasinghe said, as attempts were being made to bring…
ECONOMYNEXT – Sri Lanka’s private credit contracted 30.9 billion rupees in November 2022 to 7499 billion rupees, taking the total contraction since May to 255.3 billion rupees, official data show.…
ECONOMYNEXT – Fitch Ratings said it has downgraded seven Sri Lanka insurers after the local currency sovereign rating was lowered to CC from CCC in December 2022. All insurers are…
ECONOMYNEXT – Sri Lanka’s central bank is watching the asset quality of banks which are facing a number of pressures bad loans, changes in interest rates and exchange rate, Governor…
ECONOMYNEXT – Sri Lanka’s banks should explore restructuring loans of salaried employees hit by progressive tax, Central Bank Governor Nandalal Weerasinghe said as progressive income taxes were imposed at lower…
ECONOMYNEXT – Sri Lanka’s private credit was negative for the seventh straight month in December 2022, data showed while interest rates continued to be elevated amid a delay in an…