- Last Update 2025-06-20 19:57:00
Central Bank directs Kanrich Finance to settle public liabilities
The Central Bank, under the ‘Masterplan for Consolidation’, has directed Kanrich Finance Ltd (KFL) to settle all its public liabilities in full within the period 12.2022 to 28.02.2023 in terms of Section 25(1)(m) of the Finance Business Act, No. 42 of 2011 (FBA), due to continuous capital deficiencies faced by KFL.
This direction was issued in the best interest of depositors and promissory note holders of KFL, subsequent to securing measures to have adequate funds available for KFL to fully settle its public liabilities and further directing KFL to exit from the finance business after such settlement, the banking regulator said in a media release.
Accordingly, KFL will take necessary actions to settle the entirety of public liabilities with interest accrued up to 26.12.2022 at agreed upon interest rates.
All depositors and promissory note holders of KFL are requested to avail this settlement plan and claim their funds prior to 28.02.2023.
-
Still No Comments Posted.
- June 12, 2025 - 456 - 0
Badminton: World No.2 ranked Anders to play exhibition match against Viren at MBA Courts on Friday
An exhibition badminton match between Sri Lanka’s youngest Olympian shuttler, Viren Nettasinghe, and Anders Antonsen, the World No.2 ranked in Men’s Singles, will take place at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7 on Friday (13).
- June 11, 2025 - 166 - 0
Customs seize Rs. 119 Mn worth of cigarettes and whisky hidden in furniture shipment
In a major detection at the Ceylon Shipping Lines (CSL) warehouse in Colombo 09, Sri Lanka Customs officers uncovered a large consignment of contraband cigarettes and whisky concealed within a shipment declared as household furniture and personal goods.
- June 12, 2025 - 153 - 0
Sri Lanka condoles with families of victims of Air India crash
Sri Lanka shared its condolences with bereaved family members of the victims of the Air crash in India today.
Related Articles
‘Vehicle testing can save lives’ : AA Ceylon/ FIA Road Safety Programme 2025
- 20/06/2025 - 8 - 0
NPP MP Harshana Suriyapperma resigns from Parliament
- 20/06/2025 - 98 - 0
SL wildlife rangers feature in Prince William’s docuseries
- 20/06/2025 - 56 - 0
Leave Comments