Financial ServicesJapan makes list of ‘too big to fail cos’
TOKYO: Japanese regulators have made a list of the top 60 “too big to fail” financial institutions , with Deutsche Bank ranked at the top followed by Goldman Sachs and JPMorgan Chase, Japan’s Mainichi newspaper reported on Wednesday.
Punjab National Bank seeks partners for insurance business
(Reuters) – State-run Punjab National Bank (PNB) said it has invited expression of interest (EoI) from Indian and foreign companies for strategic partnerships in insurance business.
Gradual yuan rise good for economy — China c.banker
Reuters) – A gradual and modest appreciation of yuan is good for China’s economy, a senior Chinese central bank official said in comments published on Thursday.
Sri Lanka’s shrinking payoff
Dow Jones: Sri Lanka’s post-war economic boom is only just beginning. Have investors already missed the boat?
NDB Bank opens branch at Narahenpita Economic Centre
NDB Bank extended its presence at Narahenpita Economic Centre, to provide convenience to its customers. The bank has taken measures to provide a seven day service throughout the year, ensuring that its customers will have unhindered access to the bank’s products and services.
Sri Lanka Insurance expands presence in north
The State-owned insurance giant, Sri Lanka Insurance Corporation Ltd., expanded its presence in the north by relocating its Jaffna branch at a more modern and spacious location at No. 571, Hospital Road, Jaffna and opening a new branch at No. 31, A9 Road, Kilinochchi last week.
HNB calls it a year by reaching 350 ATMs
HNB has kept to its commitment to aggressively expand the bank’s electronic delivery channels with the commissioning of its 350th ATM.
The 350th ATM was ceremonially opened at the Ragama General Hospital Premises. The bank currently maintains 291 on-site (at customer centre premises) and 59 off-site ATMs spread across the island.
Fitch affirms HDFC Bank at ‘BBB+(lka)’; Outlook Stable
Fitch Ratings said yesterday it has affirmed the Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC) National Long-term rating at ‘BBB+(lka)’. The Outlook is Stable. At the same time, the agency has affirmed the ‘BBB+(lka)’ rating on the bank’s outstanding Rs. 195 m senior unsecured redeemable debentures.
Commercial Bank supports Ranaviru Sevana with an ATM
The Commercial Bank of Ceylon has installed an Automated Teller Machine at the Ranaviru Sevana in Ragama, in a gesture of support to the over 400 disabled war heroes accommodated at the complex.
Seylan Bank rewards ATM users
As a part of an initiative to encourage ATM usage, Seylan Bank conducted a monthly draw to reward any cardholder using Seylan Bank ATMs with a fixed deposit of Rs. 50,000.
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