The Central Bank has initiated the drafting of a new Banking Act and expects to complete its enactment in 2021, CBSL Governor W. D. Lakshman said today (6).
"The new banking act will contain provisions to extend regulations for banks, which are to be established in the Colombo international financial Centre in Colombo Port City," Lakshman said at delivering the Central Bank Roadmap for 2020.
The Colombo Port City (CPC) will attract foreign banks to set up their operations in Sri Lanka, and is exprected to double the banking sector’s asset base to Rs.30 trillion by 2025.
The Colombo International Financial Centre (CIFC) is expected to be launched in 2023.
New 'Banking Act' to regulate Port City: CBSL
06 Jan 2020
New 'Banking Act' to regulate Port City: CBSL
06 Jan 2020
The Central Bank has initiated the drafting of a new Banking Act and expects to complete its enactment in 2021, CBSL Governor W. D. Lakshman said today (6).
"The new banking act will contain provisions to extend regulations for banks, which are to be established in the Colombo international financial Centre in Colombo Port City," Lakshman said at delivering the Central Bank Roadmap for 2020.
The Colombo Port City (CPC) will attract foreign banks to set up their operations in Sri Lanka, and is exprected to double the banking sector’s asset base to Rs.30 trillion by 2025.
The Colombo International Financial Centre (CIFC) is expected to be launched in 2023.
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!