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In 2013, the group also acquired a majority stake in an NBFC in Sri Lanka operating under the brand name of Asia Asset Finance Limited. Asia Asset Finance primarily provides loans to small businesses as well as Gold Loans. The group expanded its Gold Loan business to the UK, wherein it operates under the brand name Muthoot Finance UK.
The General Direction No 01 of 2018 as per the Monetary Board of the Central Bank of Sri Lanka under section 44 of the Payment and Settlement Systems Act No 28 of 2005 came into immediate effect as of 25 July 2018 implies to the operations of the Common Electronic Fund Transfer Switch, Lanka Clear (Pvt) Ltd and members of CEFTS. [8]
The Yahapalanaya government launched the Enterprise Sri Lanka loan package as a part of its Vision 2025 strategies, as promised by the government in its election manifesto. [3] The weight of expectations also revolved around the importance on uplifting the spirits of the aspiring entrepreneurs by providing them fair and equal opportunities ...
Kandyan jewellery comes from the hill capital of Ceylon or Sri Lanka. The Kandyan Kingdom lasted till 1815 resulting in the original sets of jewellery and designs still being preserved and worn by Kandyan families today. Kandyan jewellery is handmade and was designed specifically for the royal families. It carries symbols of wealth, prosperity ...
The bank earned a tax profit of Rs.188 million at the end of the year 2009. The bank was able to cover 300 million from previous non-performing loans. Seylan Bank made a reputation once again as one of the leading banks in Sri Lanka after reaching a solution regarding the scam by the Golden Key Company and still continuing their services to ...
The Sri Lanka Interbank Payment System (or SLIPS in short) is the largest account-to-account fund transfer network in Sri Lanka. [2] Created by LankaClear, it enables member banks to carry out same-day transfers of up to Rs. 5 million, in a secure paperless process.
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