Search results
Results from the WOW.Com Content Network
Following the Ceylon banking and monetary crisis of 1884, in which the largest exchange bank in the island, The Orient Bank experienced an acute liquidity shortage, resulting in a run on the other two exchange banks, Chartered Mercantile Bank and the Bank of Madras. The Government of Ceylon, stepped in an enacted the Paper Currency Ordinance of ...
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 tremendously to the majority of Sri Lanka's rural areas. 1979: the then government relaxed the exchange control regulations.
The bank won a total of 53 awards locally and internationally in 2019. Out of the 53 awards won, the bank won the Bank of the Year 2019 award from the UK based The Banker magazine as well as the award for the Best Bank in Sri Lanka 2019 from the US-based Global Finance magazine. The bank was rated as the strongest bank brand in Sri Lanka for ...
The All Share Price Index is one of the principal stock indices of the Colombo Stock Exchange in Sri Lanka. ASPI measures the movement of share prices of all listed companies. It is based on market capitalisation.
As of March 2024, the Colombo Stock Exchange (CSE) has 284 listings. [1. A. Company Name Symbol Abans Electricals: CSE: ABAN.N0000 ... Commercial Bank of Ceylon:
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]
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 ...
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).