Search results
Results From The WOW.Com Content Network
Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timing [1] No access to government-issued ID, which is required to open a bank account; To avoid delinquent debts, such as creditors seizing the account in judgements, or the government collecting back taxes or child support
Sri Lanka Accounting and Auditing Standards Monitoring Board ... is a cabinet ministry of the Government of Sri Lanka responsible for developing and executing the ...
The Constitution of Sri Lanka has been the constitution of the island nation of Sri Lanka since its original promulgation by the National State Assembly on 7 September 1978. It is Sri Lanka's second republican constitution and its third constitution since the country's independence (as Ceylon) in 1948, after the Donoughmore Constitution ...
The Sri Lankan banking industry was changed during the late 1980s with the introduction of automation by private banking corporations. [10] Previously, few foreign banks were operating within Sri Lanka with few branches such as Hongkong and Shanghai Banking Corporation, etc. HSBC was using interactive electronic customer interfaces such as automated teller machines (ATMs).
Sri Lanka is a democratic republic and a unitary state which is governed by a semi-presidential system. [198] Sri Lanka is the oldest democracy in Asia. [199] Most provisions of the constitution can be amended by a two-thirds majority in parliament.
A household is considered “unbanked” when no one in the household has a checking or savings account at a bank or credit union. Unbanked individuals use alternative means to manage their money ...
The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene. Under the former name of Central Bank of Ceylon, it replaced the Currency Board that until then had been responsible for ...
1972: The then government declared the name of the country to be Sri Lanka. However, the bank did not rename itself accordingly. The government also passed the Agricultural Productivity Law, which forced the bank to open Agrarian Service Centre branches in almost all villages in the country. As a result, the branch network of the bank expanded ...