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In January 2016, Commercial Bank of Ceylon announced that for the first time in Sri Lanka's banking history that the users of the bank's online banking facility could make instant, real-time transfers of funds from their commercial bank accounts to accounts in other banks via LankaPay-CEFTS. [10]
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).
The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
Deutsche Bank; DFCC Bank; Habib Bank; Hatton National Bank; Indian Bank; Indian Overseas Bank; MCB Bank; National Development Bank; Nations Trust Bank; Pan Asia Bank; People's Bank; Public Bank Berhad; Sampath Bank; Seylan Bank; Standard Chartered Bank; State Bank of India; Hong Kong and Shanghai Banking Corporation (HSBC) Union Bank of Colombo ...
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.
Since its opening in 1986, Sampath Bank is the first bank in Sri Lanka to operate using a fully computerized database. Sampath Bank was the first to introduce the use ofATMs, MasterCard, Personal Banking Unit Facilities, Uni Banking System & Debit Cards (Initially with Cirrus and Maestro and Visa) to Sri Lanka. After its massive re-engineering ...
SANASA Development Bank PLC, commonly called SDB bank, is a Sri Lankan bank serving the co-operative sector, [3] founded in 1997. This bank has opened 94 branches in Sri Lanka . In 1997 SDB Bank was granted the status of Licensed Specialized Bank by the Central Bank of Sri Lanka .
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...