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Business of "Swarnamahal Financial Services PLC" suspended by CBSL - Hiru News - Srilanka's Number One News Portal, Most visited website in Sri Lanka

Monday, 12 April 2021 - 19:17
The Monetary Board of the Central Bank of Sri Lanka (Monetary Board) has decided to suspend business of Swarnamahal Financial Services PLC (SFSP), in terms of Section 31(1) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 5:00 p.m. on 12th April 2021.
Having considered the continuously deteriorating financial condition and non-availability of a viable revival plan, the Monetary Board decided to suspend the business of SFSP and its parent Company ETI Finance Limited (ETIF) in terms of Section 31(1) of the FBA with effect from 13th July 2020 and the period of suspension of business activities was in effect until 12th January 2021. ....

Sri Lanka , People Bank , Panel Of Management , Swarnamahal Financial Services , Monetary Board Of The Central Bank , Monetary Board , Central Bank , Finance Business Act , Suspension Order , Hirunews Lk English , Per Cent , ஸ்ரீ லங்கா , மக்கள் வங்கி , குழு ஆஃப் மேலாண்மை , பண பலகை ஆஃப் தி மைய வங்கி , பண பலகை , மைய வங்கி , நிதி வணிக நாடகம் , இடைநீக்கம் ஆர்டர் , ஒன்றுக்கு சதவீதம் , கொண்டு வாருங்கள் , இடைநீக்கம் செய்யப்பட்டது ,

Welcome To IANS Live - LatestNews - Retail inflation rises in March, food prices soar (Ld)

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IANSLive
New Delhi, April 12 (IANS) India s retail inflation marginally rose in March as the Consumer Price Index (CPI) increased to 5.52 per cent from 5.03 per cent in February.
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Update: 12-April-2021 ....

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Welcome To IANS Live - BUSINESS - Global manufacturing activity expands in March: Index

The global manufacturing purchasing managers index (PMI) stood at 57.8 in March, up by 2.2 percentage points from the previous month, according to the CFLP, Xinhua reported on Sunday.The ....

China Federation Of Logistics , News Service , India Private , China Federation , All Rights , Recovery The , சீனா கூட்டமைப்பு ஆஃப் தளவாடங்கள் , செய்தி சேவை , இந்தியா ப்ரைவேட் , சீனா கூட்டமைப்பு , அனைத்தும் உரிமைகள் , மீட்பு தி , தடுப்பு மருந்துகள் ,

Welcome To IANS Live - BUSINESS - Accommodative stance, mega US infra plan to strengthen rupee (IANS Currency Watch)

Acco ....

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Money policy stance to ward off challenges--China Economic Net

The People s Bank of China, the central bank, will maintain its normal monetary policy stance and facilitate flexibility of the renminbi exchange rate, despite the challenges from external financial vulnerabilities, senior officials said.

Even if the US Federal Reserve changes its monetary policy in the future, there will only be a limited impact on China, said Sun Guofeng, head of the monetary policy department of the PBOC.

Actually, global financial markets, especially in some emerging economies, have shown some fluctuations recently, while China s financial market has remained stable and performed well, he said.

The key is to do our own work well, Sun said, adding that China s monetary policy should remain stable within the normal space. He emphasized on the need to keep an eye on the changing external economic and financial situation, and enhancing the flexibility of the renminbi exchange rate. ....

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