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It was incorporated in Ceylon by the National Savings Bank Act No. 30 of 1971 and was granted the status of the Licensed Specialised Bank in terms of the Banking Act No. 30 of 1988. NSB has 262 branches. It also carries out postal banking with the cooperation of 643 post offices and 3,412 sub-post offices of the Sri Lanka Post.
At least 16 concessionary loans including 11 interest subsidy loan schemes and three refinancing loan schemes were proposed under the Enterprise Sri Lanka initiative. [1] The Sri Lankan government announced the plans of disbursing approximately LKR 60 billion through licensed state banks and licensed commercial private banks to expedite the ...
At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
The Sri Lanka Savings Bank was established in July 2006 as a private limited company under the Banking Act No. 30 of 1988 and it was incorporated under the provisions of the Companies Act. [2] The bank obtained license to operate as a specialised bank from the Central Bank of Sri Lanka.
National Savings Bank may refer to; National Savings Bank (Malaysia), a government-owned savings bank in Malaysia. National Savings and Investments, a government-owned savings bank in the United Kingdom, which was formerly known as the National Savings Bank. National Savings Bank (Sri Lanka), a government-owned savings bank in Sri Lanka.
The Federal Reserve announced another cut to its benchmark interest rates yesterday, dropping the Fed rate by 25 basis points to a range of 4.25% to 4.50% — the third consecutive time it's ...
Barclays Tiered Savings is a potentially lucrative option from a traditional bank that fits people with large savings balances. Requiring no monthly maintenance fee or minimum opening deposit, the ...
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; Source: Central Bank, September 2020 [2]