The Richard Peiris’ Group (RPG), strongly defending itself against angry shareholders who at the recent AGM accused the company of being mismanaged, is taking a hard look at its business portfolio and evaluating its options on which business to continue; which to divest and which should be restructured.

Where is Rohan Perera, the chief of the failed Pramuka Bank? According to some reports, he is somewhere in Europe hiding away from Sri Lankan investigators probing the country’s biggest banking scams in recent history.

NDB Bank, having failed in its attempt to merge with the Commercial Bank, may be looking at a foreign bank to dish out a stake, according to banking industry sources. “There are strong indications that a foreign bank will have talks with NDB soon,” a senior banking industry source told The Sunday Times FT.

The Sri Lanka Savings Bank (SLSB) is finally getting off its ground as the long-awaited substitute to the failed Pramuka Bank but the start-up date is being disputed by the bank and the Central Bank.