New appointments to private banks to end cronyism: Harsha

31 March 2015 06:16 am - 0     - {{hitsCtrl.values.hits}}

A A A

The new government will be appointing its own directors to commercial banks to end the cronyism practiced by the previous regime, according to the Policy Planning and Economic Affairs Deputy Minister.
The United National Party, when in the opposition, had severely criticized the past regime for appointing their supporters to privately run commercial banks as directors to gain 
board control.
Mirror Business inquired from Policy Planning and Economic Affairs Deputy Minister Dr. Harsha de Silva as to why the new regime is also following the same channels 
of appointment.
“What else can we do? We will clean the house of corruption,” he stressed.
Last week, Hatton National Bank (HNB) Chairperson Dr. Ranee Jayamaha and National Development Bank PLC (NDB) Chairman Sunil Wijesinha announced their resignations, with Wijesinha saying that the Finance Minister had expressed his wish to restructure the NDB board.
However, Dr. de Silva said that the state will not pressure any board member to resign but only forward candidates to the shareholders.
Meanwhile, he said that the Employees’ Provident Fund (EPF), one of the tools through which the state maintains power over the banks, would be moved out of the Central Bank—the banking sector regulator— and made independent, since it represents a conflict of interest.
“That is incestuous. What they have done is incest,” Dr. de Silva said.
(CW)
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Army’s LRRP Ambush of LTTE’s Military Intelligence Chief

A news report in the Dailymirror last August stated that the Long Range Recon

“I don’t think Sri Lankans can be realistically ruled by force” -Ahimsa Wickrematunge

Twelve years after the assassination of Lasantha Wickrematunge, the founding

Decisions to be made in Sri Lanka’s hunt for the COVID-19 Vaccine

Around the world, governments are gearing up to roll out nationwide immunizat

“I am the Godfather of Russian tourists” - Udayanga Weeratunga

Former Sri Lankan Ambassador to Russia Udayanga Weeratunga is back in the sce

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 


MIRROR CRICKET