Sat, 04 Dec 2021 Today's Paper

BOC-Chennai hosts workshop on ACU for Lankan commercial banks

6 December 2016 12:00 am - 0     - {{hitsCtrl.values.hits}}



The Bank of Ceylon Chennai branch, the only branch of a Sri Lankan bank on Indian soil, in association with the Reserve Bank of India (RBI) conducted an exclusive workshop on Asian Clearing Union (ACU) mechanism on 05th November in Chennai, for the officers of twelve Sri Lankan commercial banks engaged in international trade business. 
This was an exceptional landmark in banking history that such a workshop for the executives of Sri Lankan commercial banks was conducted offshore by another commercial bank in Sri Lanka.
The event was graced by Dr. J.Sadakkadulla, the Regional Director (Tamilnadu and Puducherry) of RBI, V.G. Venkatachalapathy, the General Manager (Banking Department) of RBI, K.Vijayakumar, ACU Officer-in-Charge and Deputy General Manager (Department of External Investments and Operations) of RBI and G.H. Wickramasinghe, the Assistant General Manager (Overseas Branches) of Bank of Ceylon, M.H.S.Mala, the Assistant General Manager (Trade Services) of Bank of Ceylon, W.N.P. Surawimala the Chief Executive Officer of Bank of Ceylon, Chennai Branch , Kumudhini J. Yogarathnam, Deputy Manager and  R.P.D.R. Ruwanpathirana, Head of Treasury, Bank of Ceylon Chennai.
All participants commended this forum as a grand opportunity for them to meet top officials of RBI and exchange their views on trade finance activities in the region thus eliminating issues experienced previously in ACU operations. Eventually, the new knowledge and insight gained by the participant banks will pave the way to boost the business volume of trade finance in Asian region.

  Comments - 0

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

A Sri Lankan giving dignified burials to unclaimed bodies for five decades

After their death, most people are memorialized at a service, surrounded by g

Focus on Laggala Gem mining big shots bigger than the law

The truth is now being uncovered regarding an illegal mining racket in state

How and why the TNA was formed twenty years ago

The Tamil National Alliance (TNA) is now twenty years of age. The premier pol

India lays emphasis on culture diplomacy with Sri Lanka

Indian Prime Minister Narendra Modi wanted to inaugurate the Kushinagar Inter