Saturday Oct 03, 2026
Saturday Oct 03, 2026
Thursday, 1 October 2026 00:08 - - {{hitsCtrl.values.hits}}
From left: DFCC Bank Director and Deputy CEO Shamindra Marcelline, Senior Vice President of Treasury and Investment Banking Prins Perera, High Commission of India Counsellor for Economic and Commercial Affairs Devika Lal, DFCC Bank Director and CEO Thimal Perera, Export-Import Bank of India General Manager Sailesh Prasad, Resident Representative and Assistant General Manager Pravin Sonawane and Assistant General Manager Snehal Bangera
DFCC Bank yesterday said that it has signed a Master Trade Loan Agreement with the Export-Import Bank of India under its Trade Assistance Program, expanding the bank’s capacity to support trade between Sri Lanka and India.
The agreement was signed on 22 September, 2026 by DFCC Bank Director and Chief Executive Officer Thimal Perera, DFCC Bank Senior Vice President of Treasury and Investment Banking Prins Perera and India Exim Bank General Manager Sailesh Prasad. The signing took place in the presence of High Commission of India Counsellor for Economic and Commercial Affairs Devika Lal.
This marks the first Master Trade Loan Agreement in Sri Lanka between India Exim Bank and DFCC Bank under the Trade Assistance Program.
Through the program, India Exim Bank provides credit enhancement for trade instruments, enabling DFCC Bank to support cross-border transactions to Indian markets where trade lines may be limited.
Access to dedicated trade financing through India Exim Bank will strengthen DFCC Bank’s ability to offer competitive short-term funding, facilitate cross-border transactions and support Sri Lankan businesses trading with Indian counterparts.
The agreement is expected to encourage bilateral trade and create further opportunities for businesses in both countries.
