Business

CBSL extends grace period of 4%working capital loan scheme

Central Bank Extends the Grace Period of 4% Working Capital Loan Scheme from 6 Months to 9 Months.

British HC hosts virtual trade promotion conference:'Sri Lanka - The gateway to Asia'

UK businesses heard from keynote speakers about opportunities in specific sectors and in the Sri Lankan market as a whole when the British High Commission in Colombo hosted a virtual showcase of Sri Lankan trade and investment opportunities.

CBSL cancels licence issued to Axis Bank Limited (Axis Colombo Branch) based on request

CBSL, having considered the request made by the Axis Bank Limited, India consequent to a policy decision taken in 2019 on its global operations, has granted approval to close down business operations of Axis Bank Limited in Sri Lanka.

CBSL grants approval to close down business operations of ICICI Bank Limited in SL

CBSL as granted approval to close down business operations of ICICI Bank Limited in Sri Lanka and cancel the licence issued to it in terms of the provisions of the Banking Act, No. 30 of 1988, subject to several terms and conditions.

Cabinet nod for major overhaul of Non-Bank Financial Institutions Supervision Department of CBSL

Cabinet this week gave approval to instruct the Finance Ministry to completely reform the Non-Bank Financial Institutions Supervision Department of CBSL and to formulate a new institutional structure to regulate Finance Companies.

SL-China signRs16.5B grant agreement

An Agreement on Economic and Technical Cooperation between the Government of the People's Republic of China and the Government of Sri Lanka, providing 600 million RMB yuan (LKR 16.5 billion) in grant assistance, was signed on Friday.

Cabinet approval to granting US $ /SLR buying and selling exchange facilities to CBSL for one to two years

Cabinet on Monday approved a proposal by Prime Minister Mahinda Rajapaksa in his capacity as Finance Minister to several measures to be taken to minimize the foreign exchange risk that may occur to the Licensed commercial Banks.