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The Parliamentary Council decided on May 27 to concur with recommendation to appoint career banker Nihal Fonseka as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL).Fonseka has previously served as a member of the Monetary Board more than one time. The decision to appoint Fonseka was taken at a […]
Says challenges likely to persists over the short term People’s Bank yesterday announced the results for the quarter ended March 31, 2022 with consolidated total operating income growing by 51.9% to reach LKR 42.6 billion, whilst total operating expenses increased by only 0.3% to LKR 13.1 billion despite inflationary pressures; reflecting sound cost control and […]