FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» The war in Ukraine is no longer shocking the wheat market
by ResearchMan Today at 12:44 pm

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by cseguide Today at 11:34 am

» Analysis: China casts giant shadow over emerging nations' chase for debt relief
by ChooBoy Today at 7:38 am

» In STOCK MARKET despite all odds, there is always hope. Never ever give in nor give up.
by atuts Yesterday at 2:14 pm

» India raises import tax on gold to support rupee and amid trade deficit
by ResearchMan Sat Jul 02, 2022 2:09 pm

» When will supply chain disruptions ease?
by ResearchMan Sat Jul 02, 2022 9:57 am

» Expolanka to continue its winning streak
by samaritan Fri Jul 01, 2022 4:12 pm

» Govt gets its priorities wrong
by samaritan Fri Jul 01, 2022 10:25 am

» Ambassador assures U.S. support to Sri Lanka to find solutions to economic issues
by samaritan Fri Jul 01, 2022 10:16 am

» IMF-Sri Lanka bailout talks end without a deal
by ChooBoy Fri Jul 01, 2022 9:16 am

» Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
by CHRONICLE™ Fri Jul 01, 2022 8:11 am

» Sri Lanka needs to do more on debt restructuring before a bailout package is finalised, says IMF
by CHRONICLE™ Fri Jul 01, 2022 8:06 am

» Global COVID cases rise as BA.4 and BA.5 expand
by samaritan Fri Jul 01, 2022 7:04 am

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Tue Jun 28, 2022 9:24 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka regulator to revisit bank shareholder limits

Sri Lanka regulator to revisit bank shareholder limits

3 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin

MUMBAI, Feb 21 (Reuters) - The Central Bank of Sri Lanka will examine the need for raising the investor shareholding limit in banks, but as of now the existing limits apply, Governor Ajith Nivard Cabraal told reporters on the sidelines of an event in Mumbai on Thursday.

A single investor or group cannot hold more than 10 percent in a bank and need to have the central bank's approval for a higher investment, the governor said.

(Reporting by Shamik Paul; Editing by Anupama Dwivedi)

(neha.dasgupta@thomsonreuters.com)

(+91-22-6180-7177)(Reuters Messaging: neha.dasgupta.thomsonreuters.com@reuters.net)
http://www.xe.com/news/2013/02/21/3215937.htm

http://sharemarket-srilanka.blogspot.co.uk/

2Sri Lanka regulator to revisit bank shareholder limits Empty Sri Lanka mulls new 
rule on stock float Fri Feb 22, 2013 12:26 am

sriranga

sriranga
Co-Admin

Rajhkumar K Shaaw and Anusha Ondaatjie (Bloomberg) / 22 February 2013

MUMBAI/COLOMBO - Sri Lanka’s stock exchange plans to introduce a rule by the end of the year ensuring companies have a minimum amount of stock available for trade to lure foreign investors.
The bourse is discussing the minimum free-float requirement with regulators, investors and companies, Krishan Balendra, chairman of the Colombo Stock Exchange, said in an interview in Mumbai on Wednesday. A 20 per cent level is being considered with possible exceptions for some overseas companies, Securities and Exchange Commission Chairman Nalaka Godahewa said in an interview in Mumbai.

“We need more companies and more liquidity to attract foreign participation in the markets,” Balendra said.

The bourse is seeking to lure more international investors to a market valued at $17.5 billion, the smallest of 16 Asian-Pacific stock markets tracked by Bloomberg. Hong Kong, which has a $3.49 trillion stock market, requires companies to make at least 25 per cent of outstanding shares available for trading, according to the website for the city’s bourse.

“Foreigners are only able to invest in a limited number of Sri Lankan stocks as there’s not enough liquidity,” Ravi Abeysuriya, chief executive officer at Heraymila Securities, said in Colombo. “There’s need to increase liquidity.”

The benchmark Colombo All-Share Index rose 0.1 per cent at 2:41pm local time, the first gain in four days. The gauge has fallen 25 per cent in the past two years as the government devalued the rupee and raised interest rates to narrow the trade deficit and combat inflation. The index more than quadrupled over 2009 and 2010 as economic growth accelerated following the end of a civil war against Tamil separatists.

“The market has corrected but firms continue to see good earnings,” Balendra said. “As a result, valuations now are quite attractive compared to other regional markets. There is lot of growth potential and the prospect of the economy is positive.”
http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/market/2013/February/market_February50.xml§ion=market

http://sharemarket-srilanka.blogspot.co.uk/

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Hmmm I can see where this is coming from…..
Most probably government will need the majority control of the private banks. If this happens I believe CBSL will allow only Sri Lankan funds to increase their stakes in private Banks.
That’s mean mainly the funds such ETP, EPC, SLIC.

That’s a good (temporary) resolution for a cash trap any government.

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics


Be vigilant. The possibility to up is there!


http://www.lbo.lk/fullstory.php?nid=451478724

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I'm not a big fan of Harsha but time to time he tells some eye opening stories.

Below link was published about a year ago...

http://forum.srilankaequity.com/t16129-a-warning-signal-before-you-buy-your-favourite-bank-shares-hnb-comb
If this happens private banks can dance to government's tune.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum