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Last Updated : 2024-04-24 04:08:00
13 October 2021 04:07 pm - 3 - {{hitsCtrl.values.hits}}
The Monetary Board of the Central Bank of Sri Lanka has made an order permitting Swarnamahal Financial Services PLC (SFSP) to resume business for a limited period of six months with effect from today.
The approval granted in terms of Section 31(5)(a) of the Finance Business Act, No. 42 of 2011 (FBA), for the purpose of exploring the possibility of absorbing the Company to the “Master Plan for Consolidation of Non-Bank Financial Institutions Sector”.
The Panel of Management appointed by the Monetary Board (Panel) has been authorized to continue managing the affairs of SFSP, and to initiate and facilitate the aforesaid process, while directors of SFSP shall carry out only the functions that will be authorized by the Director, Department of Supervision of Non-Bank Financial Institutions (D/SNBFI) and/or the Panel.
Kikazaru Wednesday, 13 October 2021 05:24 PM
Nandasaena knows all is lost and these are is last rights being carried out.
lal Wednesday, 13 October 2021 06:34 PM
I hope people get their money out before this crash like golden key
Nimal Thursday, 14 October 2021 02:42 PM
Will LTTE funding be available?
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