- Last Update 2025-06-08 16:36:00
Central Bank should take responsibility for collapse of financial institutions coming under its supervision - PM
Prime Minister Mahinda Rajapaksa said that the Central Bank of Sri Lanka (CBSL) must take responsibility for the collapse of a financial insistution under its supervision.
He stated this while taking part in a discussion on the current situation surrounding The Finance Company PLC at Temple Trees, the PM's Office said.
The Premier also pointed out that the continued collapse of financial institutions coming under the CBSL as well as irregularities within them has painted the Government in a negative light. Moreover, it erodes public trust in State financial institutions.
Mr Rajapaksa added that new laws were needed to take action regarding such financial frauds.
Deputy CBSL Governor H. A. Karunaratne stated that steps will be taken 97% of depositors of The Finance Company will be paid back starting from next Monday while payments for the other 3% will be paid back at a later date.
-
Still No Comments Posted.
- May 31, 2025 - 488 - 0
Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
- June 2, 2025 - 459 - 0
National Tax week launched
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
- June 2, 2025 - 364 - 0
SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.
- June 3, 2025 - 203 - 0
Krishanthi Kumaraswami convicts FR dismissed by SC
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
- June 6, 2025 - 201 - 0
SriLankan flight grounded in Indonesia
A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.
Related Articles
Presidential power to pardon prisoners misused
- 08/06/2025 - 66 - 0
Four drowned in Aralaganwila
- 08/06/2025 - 71 - 0
Police probe theft of Macaw from Zoo
- 08/06/2025 - 64 - 0
Discarded soft toys make garbage tractor appealing
- 08/06/2025 - 94 - 0
Leave Comments