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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 ...
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.
A central bank was set up and Sri Lanka became a member of the IMF entering the Bretton Woods system of currency pegs on August 29, 1950. [68] By 1953 exchange controls were tightened with a new law. [69] The economy was then progressively controlled and relaxed in response to foreign exchange crises as monetary and fiscal policies deteriorated.
Website. www .ndbbank .com. Footnotes / references. [ 1] The National Development Bank PLC (commonly referred to as NDB Bank) is a Sri Lankan banking and financial services institution, headquartered in Colombo, Sri Lanka. Having begun operations as a state-owned development finance institution in 1979. In January 1979, the predecessor of ...
Commercial Bank of Ceylon PLC. Commercial Bank of Ceylon PLC ( CBC) also known as ComBank is a licensed commercial bank in Sri Lanka and its ownership is private. It was incorporated as a public limited company and it is listed on the Colombo Stock Exchange. It is regarded as the largest private bank in Sri Lanka in terms of net worth and ...
HDFC Bank is one of the LMD 100 companies in Sri Lanka. The bank ranked 78th in the 2020/21 edition. [2] Brand Finance calculated the brand value of HDFC Bank to be LKR763 million in 2022. [3] Due to the effects of the Sri Lankan economic crisis, Fitch Ratings placed the bank along with twelve other Sri Lankan banks on Rating Watch Negative.
The Sri Lankan banking industry was changed during the late 1980s with the introduction of automation by private banking corporations. 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).
A branch of the bank in Kandy. People's Bank is a state-owned commercial bank in Sri Lanka. The second largest commercial bank in Sri Lanka. Established on 1 July 1961, it has its head-offices at Sir Chittampalam A. Gardiner Street in Colombo. The bank offer both retail and corporate banking services, with a network of 739 local branches ...