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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).
Licensed Specialised Banks. Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank. Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank. Sri Lanka Savings Bank. State Mortgage and Investment Bank.
Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet. Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount". [1] An investment normally counts as a cash equivalent when it has a short maturity period of 90 days or less, and can ...
The Presidential Secretariat (Sinhala: ජනාධිපති ලේකම් කාර්යාලය; janādhipati lēkam kāryālaya) is the office of the President of Sri Lanka. It provides the administrative and institutional framework for the exercise of the duties, responsibilities and powers vested in the President by the Constitution.
The Central Bank of Sri Lanka (abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...
The Citizens Development Business Finance was incorporated as a public limited company on 7 September 1995 and it is listed at the Colombo Stock Exchange. [5] The company is licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act no 42 of 2011. As of 2019, the company has about 71 branches across the country.
Sri Lanka Railway Authority. Sri Lanka Rubber Manufacturing Export Co. Ltd. Sri Lanka Rupavahini Corporation. Sri Lanka State Plantations Corporation. Sri Lanka Transport Board. State Development & Construction Corporation. State Engineering Corporation of Sri Lanka. State Mortgage & Investment Bank. State Pharmaceuticals Corporation of Sri Lanka.
The current year places a heavy burden on Sri Lanka, with debt repayments amounting to approximately $4.5 billion, commencing with an initial payment of $500 million towards an international sovereign bond. It is worth noting that Sri Lanka holds a position of significant importance in China's ambitious Belt and Road Initiative. [3]